Lumpy 1
Diamond Member
- Jun 19, 2009
- 42,977
- 17,422
- 2,330
Mostly for his re-election campaign.....
but alas, Democrats aren't expected to acknowledge the hypocrisy..
-----------------
Despite the recent public lashing President Obama gave millionaires and billionaires, in private, Team Obama is once again diving into the pockets of the super rich to fund its campaign.
With the 2012 campaign barely under way, Obama has already raised some $35 million from the biggest donors -- so-called 'bundlers' who collect money by the truckload from the wealthy elite.
"A bundler is someone who collects checks from other people," said Susan Estrich, a former Democratic campaign manager. "They may be people who work for him, who hired him as a consultant or in many cases, want to do business with them."
Some of the high-profile bundlers Obama signed up this year include former New Jersey Governor and Goldman Sachs CEO Jon Corzine, Vogue editor Anna Wintour, Dreamworks studio head Jeffery Katzenberg, and David Cohen of Comcast, the new owner of NBC-Universal.
Wall Street, including the hedge fund managers blasted by Obama, gave the president's 2012 campaign $7 million, followed by lawyers at $6 million and businesses at $4 million.
"We're going to see a different mixture of fundraisers and bundlers this time," said Bob Stern with Los Angeles-based Center on Governmental Studies. "In 2008, it was about ideology. It was people who were committed to Obama the person. What we see now are the Wall Street types, business types -- people who want something from government."
That's not to say Obama's 2008 bundlers didn't want something. Obama rewarded half of his top money men plum government appointments. Matthew Barzun, who raised $500,000, was named Ambassador to Sweden. Bill Eacho, who bundled a similar amount, received the Ambassadorship to Austria.
Obama Looks to 'Bundlers' for 2012 Re-Election Campaign - FoxNews.com
but alas, Democrats aren't expected to acknowledge the hypocrisy..
-----------------
Despite the recent public lashing President Obama gave millionaires and billionaires, in private, Team Obama is once again diving into the pockets of the super rich to fund its campaign.
With the 2012 campaign barely under way, Obama has already raised some $35 million from the biggest donors -- so-called 'bundlers' who collect money by the truckload from the wealthy elite.
"A bundler is someone who collects checks from other people," said Susan Estrich, a former Democratic campaign manager. "They may be people who work for him, who hired him as a consultant or in many cases, want to do business with them."
Some of the high-profile bundlers Obama signed up this year include former New Jersey Governor and Goldman Sachs CEO Jon Corzine, Vogue editor Anna Wintour, Dreamworks studio head Jeffery Katzenberg, and David Cohen of Comcast, the new owner of NBC-Universal.
Wall Street, including the hedge fund managers blasted by Obama, gave the president's 2012 campaign $7 million, followed by lawyers at $6 million and businesses at $4 million.
"We're going to see a different mixture of fundraisers and bundlers this time," said Bob Stern with Los Angeles-based Center on Governmental Studies. "In 2008, it was about ideology. It was people who were committed to Obama the person. What we see now are the Wall Street types, business types -- people who want something from government."
That's not to say Obama's 2008 bundlers didn't want something. Obama rewarded half of his top money men plum government appointments. Matthew Barzun, who raised $500,000, was named Ambassador to Sweden. Bill Eacho, who bundled a similar amount, received the Ambassadorship to Austria.
Obama Looks to 'Bundlers' for 2012 Re-Election Campaign - FoxNews.com