Obama and Oil
A couple of days ago I published this Obama ad:
Although Obama is correct when he says that he didn’t receive any money directly from oil companies, FactCheck.org points out that Obama isn’t the only one who didn’t receive money directly from said companies: it has been illegal for companies to donate money directly to federal campaigns since 1907.
In other words: every single other candidate can say the exact same thing.
But, his detractors will say, he didn’t mean directly from those companies, he also meant indirectly. He isn’t dependent on oil money, and so on. One problem with that:
Obama has, however, accepted more than $213,000 in contributions from individuals who work for, or whose spouses work for, companies in the oil and gas industry, according to the Center for Responsive Politics. That’s not as much as Sen. Hillary Clinton, who has received more than $306,000 in donations from people tied to the industry, but it’s still a substantial amount.
They also have a handy chart up at FactCheck. Their conclusion:
We’d say the Obama campaign is trying to create a distinction without very much of a practical difference. Political action committee funds are pooled contributions from a company’s or an organization’s individual employees or members; corporate lobbyists often have a big say as to where a PAC’s donations go. But a PAC can give no more than $5,000 per candidate, per election. We’re not sure how a $5,000 contribution from, say, Chevron’s PAC would have more influence on a candidate than, for example, the $9,500 Obama has received from Chevron employees giving money individually.
In addition, two oil industry executives are bundling money for Obama – drumming up contributions from individuals and turning them over to the campaign. George Kaiser, the chairman of Oklahoma-based Kaiser-Francis Oil Co., ranks 68th on the Forbes list of world billionaires. He’s listed on Obama’s Web site as raising between $50,000 and $100,000 for the candidate. Robert Cavnar is president and CEO of Milagro Exploration LLC, an oil exploration and production company. He’s named as a bundler in the same category as Kaiser.
We’re not making any judgments about whether Obama is influenced by campaign contributions. In fact, we’d note that he singles out ExxonMobil in this ad, even though he’s received more than $30,850 from individuals who work for the company. But we do think that in theory, contributions that come in volume from oil industry executives, or are bundled by them, can be every bit as influential as PAC contributions, if not more so.
Dean Esmay’s conclusion:
Obama just another politician? No way!
We?re not sure how a $5,000 contribution from, say, Chevron?s PAC would have more influence on a candidate than, for example, the $9,500 Obama has received from Chevron employees giving money individually.
Your not sure…
really. You don’t see the difference between a corporate lobbyest contributing $5000, and a several employees of the factory contributing $250? (or less)
Well if you can’t see that I don’t think I can explain it to you. I think first we’ll have to back up to what is 1+1, what is the sound a cow makes,etc…