March 28, 2009
President Obama continued collecting money for his 2010 Senate re-election campaign even after he resigned his seat from Illinois, including a maximum $2,300 donation the day after Christmas from a top executive of a Wall Street firm that had received a government bailout.Four contributions - $4,800 in all - were donated to the Obama 2010 fund on Dec. 26, according to Federal Election Commission reports.
The money came from some of Mr. Obama's top presidential fundraisers: Bruce A. Heyman, managing director at Goldman Sachs, which received a $10 billion bailout last year; Steven Koch, vice chairman at Credit Suisse First Boston; and John Levi, a lawyer at the law and lobbying firm of Sidley Austin LLP.
Now I realize that he is allowed to keep his Senate campaign kitty and use it for various political purposes -- but to take this money afetr he had been elected president and resigned from the Senate seems mighty shady to me. And to be taking the cash from execs of bailed out companies seems particularly wrong, given that he was in the process of moving from the legislative to executive branch. It may be legal, but it certainly has the appearance of impropriety.
Posted by: Greg at
02:47 PM
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