"I am in this race to tell the coporate lobbyist that their days of setting the agenda in Washington are over. I have done more than any other candidate in this task to take on lobbyist and won. The have not funded my Campaign and they will not drown out the vote of the American people when i am president"!
PRESIDENT ELECT Barrack OBAMA
(taken from official speech-- Des Moines, [/b]
Iowa Nov.10 2007) as sighted from obamas official website and documentation for change.
link is from the official obama blue print for change under ethics. pg .17 of document
The Lobbying promise
The official Obama campaign Web Site said no political appointees would be permitted to work on "regulations or contracts directly and substantially related to their prior employer for two years." It added that "no political appointee will be able to lobby the executive branch after leaving government service during the remainder of the administration."
But almost exactly one year ago, on Nov. 3, 2007, candidate Obama went considerably further than that while campaigning in South Carolina.
"I don't take a dime of their money, and when I am president, they won't find a job in my White House," he said of lobbyists at the time.
Because they often have prior experience in government or politics, lobbyists have routinely filled out the list of potential appointees for past presidents of both parties.
The official Obama campaign Web Site said no political appointees would be permitted to work on
"regulations or contracts directly and substantially related to their prior employer for two years." It added that "no political appointee will be able to lobby the executive branch after leaving government service during the remainder of the administration."
Sources: Emanuel accepts Obama job offer (msn look under heading for lobbyist promises)
JPMorgan Chase CEO Jamie Dimon
is also among the canidates for Tresurey Secetary. His company donated to obama campain and benifited also from the buyout plan. Hmmmmmmmmm!
The one of the top contributors
, If not the Top, to Barak Obama election bid is Goldman Sachs
just a small list of the corporate lobbyists that backed Pres elected Obama
Goldman Sachs leader headed up the commission pushing for the bailout plan.
i bet his real motive is to cut the loses for his former bosses, after all i am sure he doesn't have any vested interest in his former company? IE golden parachute award, retirement funds,stock options, past bonus payments, not to mention friends, and family that might still work there.
don't forget warren buffet who said we need this bailout plan made money off of Goldman Sachs
. Of course he is for Paulson to push the bailout who wouldn't be. Ever heard of double dipping?"
Buffet makes money off of the bailout from goldman Sachs and cuts losses off from this debacle
The Nebraska-based billionaire, whose fortune is estimated at $62billion, threw his weight wholeheartedly behind Henry Paulson's rescue package for Wall Street, arguing that US industry will "grind to a halt" without action.
"Last week, we were at the brink of something that would have made anything that's happened in financial history pale," Buffet told CNBC television. "I'm not saying the Paulson plan will eliminate the problems but it's absolutely necessary, in my view, to avoid going off the precipice."
Buffet, whose opinions are hugely influential among millions of private investors in the US, said that if the Treasury acts shrewdly by buying banks' distressed assets at a competitive price, taxpayers will end up as financial winners.
"I bet they'll make a profit," said Buffet, who pointed out that hedge funds specialising in junk assets were already picking up mortgage-related securities with a view to making profits of 15% to 20%. He said a positive return was feasible if the government ignores the book value of instruments or the original cost to banks and instead pays the prevailing market rates for the bombed out assets.
"They'll pay back the $700billion and make a considerable amount of money if they approach it like that," said Buffet. "I would love to have $700billion at Treasury rates to buy fixed-income securities - there's a lot of money to be made."
Buffet's $5billion investment in Goldman Sachs' preferred stock was matched by a further $5billion capital raising yesterday as the bank took the opportunity to bolster its balance sheet. Goldman's shares, which fell as low as $86 last week, rose by 2% to $127.88 during early trading in New York."
Warren Buffet is a "unofficial adviser" to OBAMA in financial matters . he also endorsed Obama for President
It is funny how a corporate entity receives money from American buyout plans, and reinvests it from us to give it to a presidential candidate of whom never has received any money from "lobbyist" and we expect him to not be dictate too. this change!!!!
i guess this is the change we are waiting to come?? Notice Any of the top names?HMMMMMMMMM!
by the way Goldman Sachs profited off of us from the 700 billion debacle
here is proof of just how twisted this whole scenario has been . goldman Sachs has profited off of the bailout. Hmmmmmm! see a connection!
UBS Ag makes profits
but warns of losses??
but yet they received along with goldman Sachs federal aid IE the bailout plan from their American subsidiaries
The bottom line is read his lips " Change is a coming" but so far over the very little research that i have done states to me that this is Business as usual!!!!!!!!!!!!!!!!
Picking an economic team. Who is going to help President Obama turn the economy around?
Among his possible picks for Treasury secretary are former Clinton Treasury Secretary Lawrence Summers, former Federal Reserve Chairman Paul Volcker, New York Federal Reserve Bank President Timothy Geithner, and JPMorgan Chase CEO Jamie Dimon
. Also expect his current top adviser on money matters, Jason Furman, to lead the White House economic team.
Copyrighted, U.S.News & World Report, L.P. All rights reserved.
before you guys comment look at the facts from the links after that you can discredit all you want.
Our politicians and their good ole buddies have sold the soul of the American dream for greed
, and Obama is surfing the wave
i guess we will have to see. looks like wealth redistribution has worked from him and Goldman Sachs.Let's not forget Warren Buffet either."you scratch my back and i will scratch yours" holds new meaning when your taxes are raised due to this fiasco.
I guess he will start pandering to the UN next, if a terror attack happens or some other drastic national event. Awful dirty so far, for a man that hasn't spent one day on the job yet. Sad thing about all of this, Mc Cain isn't much better on some of his policies either. IE illegal immigration and international treaty ensnarement as well.
OH, one more thing. you the american people will probably be liable for the legal bills of the mortage executives under the 700billon dollar buy out plan!!!
Where are the True leaders of America!!