Sen. John McCain and Sen. Barack Obama are returning to Washington today to lend their legislative talents to the bailout bill working its way through Congress. So let's take a look at the biggest contributors to their presidential campaigns, courtesy of our friends at the Center for Responsive Politics.
Going in alphabetical order, we'll take McCain first. Among the top donors to the Republican nominee's presidential campaign are employees, their family members and PACs of the following players in the nation's financial meltdown: Merrill Lynch (which needed Bank of America to rescue it), Citigroup ("written off ...Continue reading
The Washington Post reports that Barack Obama, the Democratic nominee for President, requested $3.4 million in congressional earmarks for clients of the lobbying firm that employs the son of running mate Joe Biden. Hunter Biden, who's a registered lobbyist (see here and here for his clients), apparently lobbied Obama's Senate office directly:
Campaign spokesman David Wade also said Hunter Biden never appealed directly to Obama.
"Hunter Biden met with the Obama Senate office, not with Senator Obama," Wade said.
Read the whole thing. An aside: Nice to see the Washington Post use information from both Taxpayers for ...Continue reading
Sen. Barack Obama, D-Ill., steered earmarks to some organizations with a board member who is also serving as a top bundler to his presidential campaign, according to the Next Right. This raises what for me is one of the primary questions about earmarks in general. Members of Congress say they know the needs of their states (or districts, in the case of House members). Whence comes this in-depth knowledge? Do they hear about needs from constituents, from their own personal observations, or do insiders--lobbyists, campaign contributors and others--educate them? Because the process is so opaque, in most cases we simply ...Continue reading