Turns out, some Obama PAC money came from PACs.
Before he ostentatiously stopped taking money from political action committees to run for president, Sen. Barack Obama quietly took money from political action committees.
As a presidential candidate, Obama claims to be an outsider eager to shake up the Washington establishment by refusing to accept donations from political action committees and Washington lobbyists. This year, they're the bad guys.
But this wasn’t always the case.
Back in 2005 and 2006, Obama raised $123,283 from other political action committees and put them into a political action committee of his own. He called it Hopefund.
Hopefund is what is known as a “leadership PAC,” a frequent target of campaign watchdogs because it can raise money in much larger bundles than individual candidates. The Candidate of Hope from Illinois followed the example set by Senate and House members who establish such accounts to raise money and then spread it around to other politicians in the hopes of gaining new best friends. Legally, such PACs are supposed to operate independently and cannot coordinate with any campaigns of their owner.
Now that Obama is running for president, he's handing out the bulk of Hopefund money to politicians and groups who happen to be in early presidential voting states, as the Washington Post's John Solomon noted the other day. The pace of giving has increased in recent months and this has led to some remarkable coincidences.
New Hampshire state Sen. Jacalyn Cilley, for instance, received $1,000 from Obama's PAC last summer. Six days later she happened to endorse the same Obama for president. "I endorsed him because I believe in him and his policies," she said.
Likewise, Obama's PAC recently felt moved to donate $9,000 to Rep. Paul Hodes, who happens to have been the first member of Congress from New Hampshire to endorse Obama early this year.
With a straight face Obama spokesmen deny there's any connection between his presidential campaign and the PAC donations.
Altogether, Obama collected $4.4 million for Hopefund. The donations came from some of his biggest backers including the Illinois energy firm Exelon and the Illinois Pork Producers.
According to Federal Election Commission records, other significant Obama PAC donations in the last two years came from AT&T, Lockheed Martin, Comcast, and Walt Disney. There was even money from currently evil law firms that have major lobbying practices in Washington including Brownstein Hyatt and DLA Piper.
But that was then.
http://www.swamppolitics.com/news/politics/blog/2007/11...