19
Apr
10

Ho hum. [Updated 04/20]

Remember when stuff like this was an inexcusable affront and the sign of an arrogant, out-of-touch leader?

Well, I guess Obama did promise “change.”

[Update]

Speaking of “change“:

[T]he mere $151,722.42 (inflation adjusted) in contributions from Enron-affiliated executives, employees, and PACs to Bush hardly add up to Obama’s $1,007,370.85 (inflation adjusted) from Goldman-affiliated executives and employees. That’s also not taking into account how much Goldman contributed to Obama cabinet member Hillary Clinton ($415,595.63 inflation adjusted), which was itself almost three times as much as Bush received as well.It would be fair to say that the total amount the Obama administration has received from those affiliated with Goldman Sachs is ten times that of what Bush received from Enron.

Funny, that.

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2 Responses to “Ho hum. [Updated 04/20]”


  1. 1 cholm725
    April 22, 2010 at 6:52 am

    Goldman-Sachs employees did give ~$1 million, but it’s also true that not one of those donors gave more than any other individual from any other profession. When you take these employees’ contribution to the campaign, it is less than 1% of the total given by everyone.

    It’s also worth noting that Obama’s campaign had more small donors than anyone ever before.

    While it is true that Goldman-Sachs employees gave nearly a million dollars to the Obama campaign, it’s equally true that no one donor gave any more than any other individual from any other profession, and when taken as a percentage of the total given to his campaign, it was less than 1% of the total given by everyone.

    Over 300K people donated $200 or more (60.5% of them donated $1,000 or less). If every Wall Street firm’s employees gave the maximum possible to the Obama campaign, that is still only 1,576 people (out of 59,000 people who gave more than $2300 to his campaign).

    Apples & Oranges?

  2. 2 cholm725
    April 22, 2010 at 6:54 am

    Forgot to delete my re-write, sorry. (3rd paragraph should be gone)


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