Tuesday, September 30, 2008

Obama is Top Recipient of Henry Paulson's Goldman Sachs


Obama Raking In the Wall Street Cash
News Type: Event — Seeded on Mon Sep 15, 2008 8:22 AM EDTArticle Source: Center for Responsive Politicspolitics, barack-obama, john-mccain, wall-street, campaign-finance, small-donor-mythSeeded by Bill Harrison
While Barack Obama's campaign likes to maintain the fiction that he's raising his money from "small" donors the truth shows otherwise. The link above points to the $600K he's collected from Goldman Sachs.

This link shows the nearly $400K raised from Citigroup doubling the amount donated to McCain from that giant.

JPMorgan Chase? Again, double the amount donated to McCain.


Heavy Hitters
Goldman Sachs: Recipients
Select Cycle: 2008 2006 2004 2002 2000 1998 1996 1994 1992 1990

Money to Congress: 2008 Cycle Dems: $2,061,150
Repubs: $631,696
Others: $0
Incumbents: $2,432,141
Non-Incumbents: $260,705

House # of Members Average Contribution Total Contributions
Democrats 92 $3,775 $347,385
Republicans 52 $3,612 $187,851
Independents 0 $0 $0
TOTAL 144 $3,716 $535,236
The US House of Representatives has 435 members.

Senate # of Members Average Contribution Total Contributions
Democrats 21 $70,790 $1,486,610
Republicans 23 $17,838 $410,295
Independents 0 $0 $0
TOTAL 44 $43,111 $1,896,905
The US Senate has 100 members.

Top Recipients
Senate Obama, Barack $691,930
Senate Clinton, Hillary $468,200
Presidential Romney, Mitt $229,675
Senate McCain, John $208,395
House Himes, Jim $114,748
Presidential Giuliani, Rudolph W $111,750
Senate Dodd, Christopher J $105,400
Presidential Edwards, John $66,450
Senate Specter, Arlen $47,600
House Emanuel, Rahm $32,950
Senate Reed, Jack $30,100
Senate Sununu, John E $29,900
Senate Baucus, Max $26,000
Senate Warner, Mark $25,900
Senate Harkin, Tom $24,580
Senate Lautenberg, Frank R $23,300
House Skelly, Michael Peter $22,657
Senate Collins, Susan M $21,400
Senate Landrieu, Mary L $20,700
Senate Durbin, Dick $19,800
See all recipients

Based on data released by the FEC on

Gingrich: Fire Henry Paulson Because a New Bailout Plan is Needed

Tuesday, September 30, 2008 3:56 PM

By: Jim Meyers Article Font Size

Former House Speaker Newt Gingrich says President Bush should fire Treasury Secretary Henry Paulson as Congress struggles to deal with the ongoing financial crisis.

Appearing on Fox News’ “On the Record” Monday night, Gingrich told host Greta Van Susteren: “We want a way to work through this. But I think that it requires a very different approach than Secretary Paulson has been taking.”

Asked if Paulson is “the right guy” for the job, Gingrich responded: “No. I mean, I think that he must have been a terrific deal-maker at Goldman Sachs and a great chairman of Goldman Sachs, but I don't think that's the same job as being a secretary of the Treasury. And I think the president would be much better off if Undersecretary [Bob] Kimmet was now replacing Secretary Paulson.”

Gingrich opined that the bailout bill that failed to pass the House was “badly designed by Secretary Paulson,” and Paulson liked the idea, “as a former chairman of Goldman Sachs, that he would get to spend $700 billion and he wanted the power.”

He also said that “when Secretary Paulson sent up a proposal to allow him to spend $700 billion with no congressional oversight and with no judicial review … he created a negotiating environment that was hopeless.”

Gingrich was particularly critical of Paulson and the New York Federal Reserve’s earlier move, reported by The New York Times, to include Goldman Sachs’ chairman at a meeting about insurance giant AIG’s financial crisis.

“I don't understand how the president can avoid firing the Secretary of the Treasury when you have a former chairman of Goldman Sachs who wants to have unlimited ability to spend money, and you have the current chairman of Goldman Sachs, the only private-sector person in a room,” Gingrich told Van Susteren.

“Two weeks later, the U.S. government put up $85 billion to help AIG, in which Goldman Sachs has a $20 billion exposure…

“When the average American understands this, they are going to be so angry at this Congress if it passes a deal to give Secretary Paulson money…

“I think the president will be far better off to have Bob Kimmet up there, the undersecretary of the Treasury, negotiating this bill than he is to have Secretary Paulson.”

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