The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Democrats Have a Problem: Their Nominee is a Bold Faced Liar. Obama Reverses on Taking Soft Money from PAC’s and Special Interests

Posted by iusbvision on August 18, 2008

This is it everyone this is the last one. Obama campaign has now reversed itself on EVERY campaign funding limitation and promise it has ever made. He is taking money from energy companies, lobbyists, pharmaceuticals and everyone else he said that he would not take money from. Obama reversed himself on the public financing pledge. Now Obama has reversed himself on taking “soft money” from special interests and PAC’s.  (Hat Tip Hotair.com)

On the side of the page is a link to the category “Campaign 2008”. It has a list of articles filled with video and other evidence showing you every flip-flop down the line. Obama has reversed himself on almost every campaign promise that I am aware of that he has made. John Kerry, whose name has become a political epithet for flip-flopping, did not have nearly this many reversals in such a short period of time.

Here is the latest:

Obama: The Democratic National Committee will uphold the same standard: We will not take a dime from Washington lobbyists or special interest PACs. … They will not fund my party!

Now the story has changed.

Barack Obama campaign soliciting ‘soft money’ for convention

The presumptive Democratic presidential nominee has decried the practice and vowed to reform convention funding, but the Denver Host Committee was facing a budget shortfall.

By Tom Hamburger and Peter Wallsten
Los Angeles Times Staff Writers

August 16, 2008

WASHINGTON – Facing a large deficit in the Democratic National Convention budget, officials from Barack Obama’s campaign have begun personally soliciting labor unions and others for contributions of up to $1 million. In exchange, donors could get stadium skyboxes for Obama’s acceptance speech and other perks.

Obama has regularly criticized politicians seeking large donations outside the framework of campaign finance regulations — so-called soft money — while touting the virtues of relying on small donations.

Donations made to convention host committees are not covered by federal donation limits. As a result, corporations and wealthy individuals can donate unlimited sums under the premise that the committee is promoting civic pride and economic growth, not a political cause.

http://www.latimes.com/news/printedition/front/la-na-demfunds16-2008aug16,0,5272946.story

Ed Morrissey summed it up flawlessly:

In addition, the Los Angeles Times reports that the move to Invesco Field may be more about hauling in soft money than creating great optics. Obama’s speech will allow the DNC to sell Invesco’s private boxes for a cool $1 million each, which they need to raise more money to cover the cost of the convention. The DNCC had already reserved the Pepsi Center’s luxury boxes for other purposes. Even with all of these new sell-out opportunities provided by Team Obama, the DNCC remains over $11 million short of their goals with nine days left.

The man who claims the reform mantle has not just repeatedly reneged on those promises, Obama has now commercialized his own acceptance speech to get money from the special interests and lobbyists against whom he inveighed in June. Barack Obama seems determined to redefine the term “hypocrite” in 2008.

Here are a couple of the entries on the campaign finance situation from this blog:

https://iusbvision.wordpress.com/2008/06/22/factcheckorg-obama-is-lying-about-mccains-money-and-his-own/

https://iusbvision.wordpress.com/2008/07/23/democrats-are-the-party-of-the-rich/

So why are so many corporations and special interests giving more money than ever to Obama and the Democrats? They know that McCain has always been the true blue hawk on reigning in spending. Government today is the biggest lender, biggest borrower, biggest insurer, biggest employer, biggest buyer, biggest spender etc. Do the math. The corporate structure has become addicted to government spending.  The higher taxes and regulation that typifies left of center administrations keeps small and medium sized business out of serious competition with the big boys.

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