Interesting article I found on the black agenda report website. A few weeks ago here on mydd, I was told I was racist, so I started reading sites that were part of the Afrosphere; to better understand what black Americans were thinking about the primaries and the election.
So, Obama is clean? Obama doesn't take money from lobbyists?
I am new to the Afrosphere, so I looked at this site and saw it linked to many other progressive black sites, so I don't think it is a republican site. How creditable is this claim?
The candidate that claims to be the only presidential contender who doesn't take money from lobbyists is in fact the biggest recipient of lobby-related contributions. Barack Obama rakes in millions from law firms serving the interests of Wall Street, including the financial institutions that gave us the subprime lending crisis. Lawyers that work for firms that earn hundreds of millions of dollars for lobbying may technically not be lobbyists, but they share in their colleagues' earnings as influencers of Congress - a legal loophole that allows Obama to claim his hands are clean of lobby loot. "The top contributors to the Obama campaign are the very Wall Street firms whose shady mortgage lenders buried the elderly and the poor and minority under predatory loans."
So, how should we react when we learn that the top contributors to the Obama campaign are the very Wall Street firms whose shady mortgage lenders buried the elderly and the poor and minority under predatory loans? How should we react when we learn that on the big donor list is Citigroup, whose former employee at CitiFinancial testified to the Federal Trade Commission that it was standard practice to target people based on race and educational level, with the sales force winning bonuses called "Rocopoly Money" (like a sick board game), after "blitz" nights of soliciting loans by phone? How should we react when we learn that these very same firms, arm in arm with their corporate lawyers and registered lobbyists, have weakened our ability to fight back with the class-action vehicle?Should there be any doubt left as to who owns our government? The very same cast of characters making the Obama hit parade of campaign loot are the clever creators of the industry solutions to the wave of foreclosures gripping this nation's poor and middle class, effectively putting the solution in the hands of the robbers. The names of these programs (that have failed to make a dent in the problem) have the same vacuous ring: Hope Now; Project Lifeline.
http://www.blackagendareport.com/index.p hp?option=com_content&task=view& id=613&Itemid=1
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