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Author Topic: Obama biggest recipient of BP cash in 20 years  (Read 1338 times)

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Offline Chris_

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Obama biggest recipient of BP cash in 20 years
« on: May 23, 2010, 07:56:27 PM »
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While the BP oil geyser pumps millions of gallons of petroleum into the Gulf of Mexico, President Barack Obama and members of Congress may have to answer for the millions in campaign contributions they’ve taken from the oil and gas giant over the years.

BP and its employees have given more than $3.5 million to federal candidates over the past 20 years, with the largest chunk of their money going to Obama, according to the Center for Responsive Politics. Donations come from a mix of employees and the company’s political action committees — $2.89 million flowed to campaigns from BP-related PACs and about $638,000 came from individuals.

On top of that, the oil giant has spent millions each year on lobbying — including $15.9 million last year alone — as it has tried to influence energy policy.

During his time in the Senate and while running for president, Obama received a total of $77,051 from the oil giant and is the top recipient of BP PAC and individual money over the past 20 years, according to financial disclosure records.

Read more: http://www.politico.com/news/stories/0510/36783.html#ixzz0onusONgs
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Offline thundley4

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Re: Obama biggest recipient of BP cash in 20 years
« Reply #1 on: May 23, 2010, 08:00:50 PM »
Wasn't he also one of the bigger recipients of cash from AIG?
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Offline Chris_

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Re: Obama biggest recipient of BP cash in 20 years
« Reply #2 on: May 23, 2010, 08:02:27 PM »
Possibly.  It wouldn't surprise me.  Maybe that's why they dropped the investigation into AIG.
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Offline thundley4

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Re: Obama biggest recipient of BP cash in 20 years
« Reply #3 on: May 23, 2010, 08:10:25 PM »
Quote from: chris_ on May 23, 2010, 08:02:27 PM
Possibly.  It wouldn't surprise me.  Maybe that's why they dropped the investigation into AIG.

During the 2008 campaign, Lord Zero received over $130,000 from AIG employees.
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