Report: Top Obama Bundlers Bag Millions in Taxpayer Money

Report: Top Obama Bundlers Bag Millions in Taxpayer Money

It looks like cronyism at its' best !!

Never a dull moment.

Big money involved....all at OUR expense it seems !!

An investigation by the Government Accountability Institute found that more than half of the most politically active 50 campaign bundlers for President Obama were either appointed to a presidential council, committee, board, or other White House post. Many bundlers’ businesses or relatives' businesses also received millions of dollars in taxpayer-funded federal contracts, grants, loans, or other crony perks.

In all, the top 50 bundlers received three council appointments, one ambassadorship, two committee appointments, and a whopping 20 State Dinner invitations. Two bundlers were also placed on a presidential board, and another two were picked for other White House posts. .................

Here's one "example"

Another Obama bundler who has seemingly gained from his presidential fundraising is Richard Richman, chairman of the Richman Group. In September 2010, the Richmans held a $30,000 a plate fundraising dinner for Obama in their 20-acre estate in Greenwich, Connecticut. They also donated $50,000 to Obama's inaugural. In total, the Richmans have bundled $1,073,750 for Mr. Obama.

And what did they get in return for their fundraising efforts? Richman Group’s Balton-Douglass Park--a $100 million mixed use, mixed income development which will hold 226 apartments in central Harlem--received a $21 million subsidy through the stimulus.

I thought Obama was against this stuff ?

see his latest speech: Obama: Government Should Be Lean, Mean, And Focused

That's incredible! The Richman group got the ARRA funding from the state of New York who recveived the money from the federal government in 2009 for the fundraising he did in 2010!!! We must dig deeper and find the time machine Obama used to look a year into the future and see who would do the most bundling and subsequently direct the money that was already allocated to the state of NY back in 2009.

reply to post by RottenBeauty

Do you think that Richman donated no money in 2008? And do you think that Richman was required to give the money first, before Obama delivered his side of a bargain?

Besides, this has happened to too many people to believe Obama is clean in this.