Obama was top recipient of military-industrial complex money in 2008

[IndianaGreen]

Published on Tuesday, December 1, 2009 by Facing South

The Campaign Cash Behind the Afghanistan Escalation

by Sue Sturgis

According to the Center for Responsive Politics' OpenSecrets.org database, the top recipient of defense industry money in the 2008 election cycle was Barack Obama, whose haul of $1,029,997 far surpassed Republican contender Sen. John McCain's $696,948.

During the 2008 cycle, the industry contributed a total of $23.7 million to federal candidates -- far more than the $17.4 million it invested during the 2006 cycle or the $18.1 million in the 2004 cycle.

The top five defense industry contributors during the 2008 elections were Lockheed Martin at $2.5 million, Boeing at $2.1 million, Northrop Grumman at $1.8 million, and Raytheon and General Dynamics at $1.7 million each.

And it appears their investment may be paying off: The Associated Press reports that analyst Howard A. Rubel of the global investment bank Jefferies & Co. sent out a client note today stating that the fiscal 2010 Defense Department Budget will likely boost demand for precision munitions, communications gear, helicopters, armor and surveillance systems.

Among the companies whose stock Rubel rated as "Buy"? General Dynamics and Northrop Grumman.

http://www.commondreams.org/headline/2009/12/01-13

http://www.opensecrets.org/industries/recips.php?cycle=2008&ind=D

[Cant trust em]

1. They're smart enough to back the winning horse. nt

[polichick]

6. That must've been it. nt

[villager]

2. What a "coincidence." Even if the furtive unreccers don't like it...

n/t

[polichick]

3. Wow, I'm surprised they supported Obama over "Bomb, bomb, bomb McShame." nt

[girl_interrupted]

13. LOL!!!

[ShortnFiery]

4. Sadly, this makes perfect sense. President Obama serves his corporate masters in the MIC well.

[Enrique]

5. I wonder why they gave him so much

maybe they were inspired by the "hope and change" thing. :shrug:

[pscot]

8. Or maybe they knew

something we didn't.

[IndianaGreen]

11. I think our hopes were not the same as the MIC's hopes

[ClarkUSA]

7. So what? They wanted to go w/a sure winner. During the primaries, Hillary was the top recipient.

That didn't stop Pres. Obama from cutting lots of expensive pet military projects and eliminating wasteful no-bid practices
earlier this year.

:)

[Cha]

21. Hillalry was the top recipent during the primaries?

I guess they didn't want mcpalin bombing anyone.

Oh, yeah, that's right.. Obama cut the military projects but you won't find the OP acknowledging that.

[ClarkUSA]

23. Yup. I had an OP on the topic way back when the 24/7 Obama Outrage Club first formed.

<<Oh, yeah, that's right.. Obama cut the military projects but you won't find the OP acknowledging that.>>

Nah, Pres. Obama killed her Towering Outrage buzz when he announced an exit plan for 2 years from now. Now she's
desperately trying to create the next FauxRage of the evening, only it ain't going so well.

:rofl:

[knightinwhitesatin]

28. If he cut military projects

then why are there more contractors going to Afghanistan?

[MollieBradford]

30. nope

no she wasn't

[John Q. Citizen]

35. They give money because it doesn't help them, right? Is that your argument?

[TheWraith]

9. How much was PAC money versus individual contributions?

See, if an individual works for, say, Boeing as an aircraft mechanic, their personal contributions get flagged as "defense industry" contributions by people like CommonDreams, even if that person was donating money to Kucinich or the Committee for Fluffy Bunnies.

[ProSense]

10. Yeah, look what they won

Victory for Obama Over Military Lobby

[IndianaGreen]

12. Nothing has changed at the Pentagon

This is the only growing industry in the nation!

[ProSense]

14. Do you even read. better yet

comprehend?

[IndianaGreen]

15. I'll repeat, nothing has changed at the Pentagon

The war business is booming, at our expense.

[ClarkUSA]

18. You can ignore it, but here's some news: "Victory for Obama Over Military Lobby" (sourced link -->)

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=132&topic_id=8720767&mesg_id=8720767

:hi:

[IndianaGreen]

20. You are talking a White House press release, I am talking Defense contracts

Nothing has changed at the Pentagon!

[ClarkUSA]

22. You're wrong. Pres. Obama has fundamentally changed the way the Pentagon does business.

Check the sourced link. All you've got is your broken-record rhetoric. Must suck to have Pres. Obama announce an exit plan for
two year's from now, eh? That must kill your Outrage buzz. Now you're onto another FauxRage.

:rofl:

[IndianaGreen]

25. It's news to me! I am sure it is news to the DOD community as well!

[ClarkUSA]

27. Do you ever have proof for anything you say? I have yet to see any evidence of it on this thread.

:eyes:

[IndianaGreen]

26. Oh, one thing Obama did change at the Pentagon: no more NSPS

I forgot about that one!

[ClarkUSA]

17. No. Members of the 24/7 Obama Outrage Club do not care for facts. They love repeating baseless BS.

Isn't it obvious?

[MollieBradford]

29. are you disputing the facts?

Or are you confused about what the word baseless means?

ps... he is also the biggest recipient of Insurance money and banking money and wall street money.

[knightinwhitesatin]

31. Lots of new jobs in Afghanistan

If thats what victory looks like over the military lobby, I'd hate to see defeat

http://www.indeed.com/q-Afghanistan-jobs.html

[girl_interrupted]

16. Even Blackwater is back..under another name

Xe Services LLC . it's weird, the more things change, the more they stay the same. Sad too.

[Cha]

24. Facts!? She don't need no stinking facts.

[inna]

33. pure projection on your part.

:thumbsdown:

[Cha]

46. No, it's not projection..I

know they don't want the facts recognized because they don't want to talk about that..just what makes Obama look bad in their eyes.

[karynnj]

19. McCain took federal funds in the General Election, Obama didn't

He likely is the top recipient in EVERY segment for 2004. Hillary only got primary money.

[phleshdef]

32. LOL, 1 mill? Its laughable that you are clueless enough to think thats significant.

Thats a drop in the bucket compared to everything he raised. LOL, what a joke. You thought you had something there didn't you?

[Triana]

34. ISS had this too:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x7124634

[MadBadger]

36. Your making a big fuss over 1 million dollars?

That's chump change in campaigns, enough to buy you a White House Stapler.

[QC]

37. They invested wisely, as it turns out. n/t

[PHIMG]

38. I love all the DLC types in here scoffing over 1 Million dollars... "chump change"

Just shows you how out of touch these DLC conservadems are ensconced in thier Washington D.C. bubbles.

Show me a politician who thinks 1M in campaign cash is peanuts. And lets not forget the earlier you get the money the more impaction it is.

Look at who funded Obama's early campaign if you want to know where his loyalities are. It wasn't internet $5 and $20 checks that hired his early campaign staff I'll tell you that much.

Those of who who supported him over Hillary had an idea that he'd turn out to be business as usual... but not this fast and not to this degree. Bring on a primary challenger.

OBAMA'S ESCALATION makes him LBJ.

[dionysus]

44. he raised about 500 million, so the one million is around .002% of that.

[Robb]

45. Damn your mathiness!!!11!11 nt

[Wilms]

39. .

[Vidar]

40. K&R.

[uponit7771]

41. *****ANOTHER MISLEADING POST********* : Obama was recipient of most if not all money for 08

...Everyone and their mother that wasn't a political hack or racist or stupid or an asshole saw that McKKKlan was amateurish at best

[LWolf]

42. Not surprising. nt

[dionysus]

43. which was what, 1/500th of the total raised?

if obama raised about 5,000,000, you're talking .002%

:shrug: