Friday, January 25, 2013

Cash Action

Team Obama goes all in for corporate cash:
In its first days, Organizing for Action has closely affiliated itself with insider liberal organizations funded by mega-donors like George Soros and corporations such as Lockheed Martin, Citi and Duke Energy.

And it has quietly sought support from the same rich donors who backed Obama’s campaigns, asking for help from Democratic donors and bundlers in town for the Inauguration at a closed-door corporate-sponsored confab that featured Bill Clinton as the keynote speaker.

In fact, invitations for the Saturday meeting at the Newseum where Organizing for Action was unveiled for the liberal big-money set came from Obama’s National Finance Committee (one member of which gave a transferable ticket to POLITICO), as well as the Presidential Inaugural Committee, the Center for American Progress and Media Matters.

Dubbed the “Road Ahead” meeting, the conference was sponsored by a White House-allied trade association called Business Forward, which is funded by major corporations including Microsoft, Walmart and PG&E – each of which sent senior executives to participate in a panel on how to boost American economic competitiveness.
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The initial fundraising push highlights the tricky path Obama’s allies face in starting the new group. Consider: Obama, who long cast himself as an ardent opponent of big money in politics, is to some extent tying the fate of his populist second-term agenda to a non-profit group registered under a section of the tax code – 501(c)4 – that allows the secret, corporate donations he spent months decrying after they were unleashed by a 2010 Supreme Court decision.
He hates them, but he'll take their filthy luchre...

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