Friday, June 06, 2008

Obama Is Liberal?

"The objects of these uncontrollable passions are as one in their support for America's true deity, its corporate oligarchs. Despite claiming that his campaign wealth comes from small individual donors, Obama is backed by the biggest Wall Street firms: Goldman Sachs, UBS AG, Lehman Brothers, J P Morgan Chase, Citigroup, Morgan Stanley and Credit Suisse, as well as the huge hedge fund Citadel Investment Group. "Seven of the Obama campaign's top 14 donors," wrote the investigator Pam Martens, "consisted of officers and employees of the same Wall Street firms charged time and again with looting the public and newly implicated in originating and/or bundling fraudulently made mortgages." A report by United for a Fair Economy, a non-profit group, estimates the total loss to poor Americans of colour who took out sub-prime loans as being between $164bn and $213bn: the greatest loss of wealth ever recorded for people of colour in the United States. "Washington lobbyists haven't funded my campaign," said Obama in January, "they won't run my White House and they will not drown out the voices of working Americans when I am president." According to files held by the Centre for Responsive Politics, the top five contributors to the Obama campaign are registered corporate lobbyists."

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