Why is Obama getting away with a ‘12th of Never’ deadline on fundraising? Look out, America.

Why is Obama fundraising and why are corporations answering his cash call?

The burning question of our day: When will Barack Obama have made enough money? When, for instance, will Obama turn off the money tap that is now pouring millions into the Obama Foundation? Not until the ‘12th of Never’, and as Johnny Mathis sings “and that’s a long, long time.” No one should have ever have taken Obama at his word in his speech to a Quincy, Illinois audience about Wall Street reform on April 28, 2010: “I mean, I do think at a certain point you’ve made enough money.”

…”But, you know, part of the American way is, you know, you can just keep on making it if you’re providing a good product or providing good service. We don’t want people to stop, ah, fulfilling the core responsibilities of the financial system to help grow our economy.” Now happier economy than growing your own! The “certain point” when he’s made enough money” has yet to have been reached by dollar scrounging Barack Obama.



With over $14 million for his first three best sellers already banked, and now bidding his next book deal in a contract with wife, Michelle, estimated at over $60 million, does Obama really need the money? And that doesn’t even take into account the fees he is paid for speeches. “Technology and energy corporations have joined the list of top donors to the Obama Foundation, which on Friday made public the names of more than 700 patrons from the last three months. (Chicago Tribune, July 14, 2017) “Exelon and Microsoft have given more than a million dollars to the foundation, which was founded in 2014 but boosted its fundraising efforts after President Barack Obama left the White House.”

Notice how the Obama Foundation has “boosted its fundraising after Obama left the White House”? Thanks to multinational corporations, will Obama be the first president to retain almost as much power out of office as he did when he was in? “Reid Hoffman, a venture capitalist known for creating LinkedIn who has himself given more than a million dollars to the foundation, sits on the board of Microsoft. William Von Hoene Jr., a senior vice executive president at Exelon, which pledged $10 million over the next five years, helps lead the foundation’s efforts to promote diversity and inclusion. (Chicago Tribune) “Exelon is proud to support the Obama Foundation and the establishment of the first presidential library ever located in Chicago, which will undoubtedly become a strong economic driver for the south side and the city we call home,” a spokeswoman said in a statement. “The list of new donors also includes at least one anonymous contributor who directed more than a million dollars through a donor-advised fund managed by The New York Community Trust and another who gave a half-million dollars through the Silicon Valley Community Foundation. “Chicago’s billionaire Crown family gave between $250,001 and $500,000.

“Meanwhile, the family foundation of investor Andrew Hauptman, owner of the Chicago Fire, has brought its cumulative contribution closer to the million dollars it has pledged. “In addition to Hoffman and wife Michelle Yee, two other philanthropists who previously donated have now given more than $1 million: billionaire David Shaw and wife Beth, who advised Obama on financial capability; and through their family foundation, Debbie and Glenn Hutchins, who co-founded a private equity firm specializing in technology and technology-enabled companies such as Skype. “Every three months, the foundation posts the names of those who have contributed more than $200 and their gifts, listed in a range of dollars. The quarterly postings lack the specificity of Federal Election Commission filings, which give the exact contribution to candidates for federal office. FEC reports also give information about donors, including their address, employer and occupation.” Why is Obama getting away with a ‘12th of Never’ deadline on fundraising? Look out, America. Is the first ex-president who ever left the White House to become the ‘Leader of the Resistance’ collecting money for his ego or to fund the Resistance?



Judi McLeod -- Bio and Archives Copyright © Canada Free Press RSS Feed for Judi McLeod

Judi McLeod is an award-winning journalist with 30 years’ experience in the print media. A former Toronto Sun columnist, she also worked for the Kingston Whig Standard. Her work has appeared on Rush Limbaugh, Newsmax.com, Drudge Report, Foxnews.com. Older articles by Judi McLeod

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