King Obama Gets His Clothes from Overseas
The issue of the extraordinary number of donors and amounts donated by overseas sources came up during the campaign for the presidency in 2008. Nothing was done. Even today, it has not been possible to accurately identify Obama’s sources, contrary to law. The following article details a few of the halting steps that are the beginnings of discovery about what really happened.
Why care? Because Obama has already begun his fund raising for the 2012 election. We can’t continue to give this man a free ride, ignoring his violations of law.
FEC Probes Obama’s 2008 Campaign Finances
the 2008 presidential election. But that stunning flood of cash has triggered an
investigation by the Federal Election Commission, which is taking a detailed
look at the campaign’s records and transactions.
According to Roll Call, the audit of Obama’s financial records began two
years ago. It was not required by law, since the Obama campaign did not accept
federal matching funds and funded itself entirely with private donations. But
allegations of improper contributions, coupled with the FEC’s suspicions of
certain transactions, led to the probe.
Obama recently officially launched his 2012 campaign effort, and a representative there admitted to Roll
Call that a review was under way.
“The FEC is conducting a routine review — as is true with the McCain campaign, the Romney campaign and many others — to determine if they have any questions with the information reported,” Katie
Hogan, deputy press secretary for Obama’s re-election campaign, told Roll Call. “Given that there was an historic number of contributors and contributions — nearly 4 million and over 9 million, respectively — this takes time.”
In October 2008, Newsmax’s Ken Timmerman reported that questions about the
source of Obama’s amazing fundraising were already swirling around. He reaped a
stunning $150 million in campaign donations in September of that year, bringing
his total at the time to more than $600 million.
By Obama’s own admission, more than half of his contributions have come from small donors giving $200 or less. But unlike John McCain’s campaign, Obama won’t release the names of these donors.
A Newsmax canvass of disclosed Obama campaign donors shows worrisome anomalies, including
outright violations of federal election laws.
For example, Obama has numerous donors who have contributed well over the $4,600 federal election
limit. Many of these donors have never been contacted by the Obama
campaign to refund the excess amounts to them.
And more than 37,000 Obama donations appear to be conversions of foreign currency.
According to a Newsmax analysis of the Obama campaign data before the latest figures were
released, potential foreign currency donations could range anywhere from $12.8
million to a stunning $63 million in all. With the addition of $150 million
raised in September, this amount could be much more.