Monday, August 20, 2012

Why George Soros 'Feels Hurt' By Obama


From a New Yorker article: “…Obama sought the Presidency in part because he hoped to alter the relationship between powerful financial interests and those who govern. On his first day in office, he banned lobbyists from his Administration. He later noted, “One of the reasons I ran for President was because I believed so strongly that the voices of everyday Americans—hardworking folks doing everything they can to stay afloat—just weren’t being heard over the powerful voices of the special interests in Washington.” During the 2008 campaign, he discouraged supporters from contributing unlimited sums to “527 groups,” the predecessors of Super PACs.

“Obama acknowledges that his record on campaign-finance issues is not entirely pure. In 2008, after championing campaign-finance reform in the Senate, he broke his own pledge to accept public financing as a Presidential candidate, and became instead the first nominee since Watergate to depend entirely on private funds. The decision was pragmatic: he was so popular that he handily raised more money than John McCain, ultimately spending a record-breaking seven hundred and forty-five million dollars. In 2007, Obama admitted that he suffered “from the same original sin of all politicians, which is: We’ve got to raise money.” But he insisted that he would fight to reform the system: “The argument is not that I’m pristine, because I’m swimming in the same muddy water. The argument is that I know it’s muddy and I want to clean it up….”


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