President Obama

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President Obama's About Face on Big Money Inaugration Donors

The Center for Public Integrity is out with a piece detailing who donated to President Obama's second inaurguation. After largely rejecting big money from corporations, unions, and special interests for his first inauguaral celebration, this time he no such qualms, with more than $18 million coming from those entitities.

From the article:

Obama's Big Money Bundlers

While President Obama may preach the importance of grassroots donors, he has become increasingly reliant on big money bundlers. The Obama campaign consistently touts those that chip in $5, $10, even $75 dollars, arguing that they are the ones who "make the difference" in email blasts. But it's Hollywood elites, financial heavyweights, and business associates who give big bucks that are being lavished with attention.

PRESS RELEASE: How Will Romney and Obama address our big money system?

Public Campaign Action Fund issued a press release today asking President Obama and Republican presidential candidate Mitt Romney how they would address our big money-dominated political system.

From the press release:

Pro-Obama Super PAC Accepts Lobbyist Campaign Cash

The Obama campaign has famously pledged to not take any money from lobbyists, but that didn't stop Priorities USA, the pro-Obama super PAC, from taking in more than half a million dollars from a lobby shop that has that has worked on behalf of commercial banks. The Los Angeles Times reports that Priorities USA "accepted $500,000 from Perennial Strategy Group, which has lobbied for commercial banks and the MGM Mirage, among other clients.

Campaign 2012: All Big Money, All the Time

While much of today's focus will center on the recall election in Wisconsin, the 2012 presidential race is sounding a familiar theme: money, money, money. Soon to be Republican presidential nominee, Mitt Romney, is heading to Texas to raise campaign cash from his chief constiuency, millionaires and billionaires.

President Obama breaks fundraising record

ABC News reports that President Obama is continuing to attend big money fundraisers at a faster pace than his predecessors:

Fresh back from Afghanistan, Obama attended two private, $40,000-a-plate fundraisers Wednesday at the exclusive W Hotel, raising at least $2 million for the 2012 campaign, Democratic officials said.

The Chronicles of Money, Politics, and a New York State of Mind

Here's a recap of Public Campaign and Public Campaign Action Fund's (PCAF) work from March 26 through April 13, 2012.

Obama v. GOP-backed Super PACs

The first shots have already been fired, but the 2012 super PAC war between Mitt Romney-supportive super PACs and President Obama is only getting started. Politico reports today on how President Obama plans to fight back against the expected huge spending by Republican super PACs, by outing those big money special interests and billionaires who are behind the negative ad's.

The Chronicles of Money, Politics, and Election 2012: The Year of the Billionaire?

Here's a recap of Public Campaign and Public Campaign Action Fund's (PCAF) work from January 20 through March 9, 2012.

PRESS RELEASE: Obama Must Provide Muscular Plan to Save Our Ailing Democracy

In a press release this morning, Public Campaign Action Fund argued that President Obama’s decision to green-light super PAC money in support of his re-election means that talk is no longer enough and he must provide—and execute—a muscular plan to save our ailing democracy.