Yes Lobbyists are out but the Bundlers are in ......
by indydem99, Fri Nov 14, 2008 at 02:09:46 AM EST
Thanks to the MSM we heard to no end how Obama campaign is financed by all those small donations but we knew all along that the small donations are only a small fraction and most of them can't even be traced.
It is the Bundlers that get the final laugh:
Though they worked behind the scenes in Barack Obama's campaign for president, bundlers who raised millions of dollars for his White House bid are starting to land significant posts on his transition team.
At least nine of the volunteer fundraisers whose wide networks of colleagues, friends and relatives gave more than $1.85 million to Obama are now positioned to help the president-elect set foreign and domestic policy and identify potential Cabinet appointees.
Chicago real estate executive and close friend Valerie Jarrett is a transition co-chair. She raised more than $100,000. Penny Pritzker, a billionaire heiress to the Hyatt hotel fortune, is a top economic adviser. She chaired Obama's finance effort and raised more than $200,000 herself. Julius Genachowski, a Harvard Law School classmate of Obama's who serves on the transition team, is a high-tech executive and was legal counsel to former Federal Communications Commission chairman Reed Hundt (another bundler on the team). Genachowski raised more than $500,000 for the campaign.
The involvement of so many bundlers has irritated public interest advocates who worry that Obama is building his transition team based on fundraising skills, not qualifications.
Looks like experience is the new Mantra replacing change:
"Everything we're doing is consistent with the principles that Senator Obama laid out during the campaign," said Dan Pfeiffer, communications director for the transition. "We are operating under the farthest-reaching ethics policy in history."
None of the nine lacks significant policy experience. Federico Peña, who raised as much as $50,000 for Obama, was President Bill Clinton's transportation secretary. Michael Froman, who raised as much as $200,000, was a Treasury official during the Clinton administration. He also was another Harvard Law classmate of Obama's.