Tag Archives: Barack Obama

Billionaires And Super PACs Endorsing Obama

By: Kourosh Behnam
March 3, 2012

Last month, the Obama reelection team endorsed the use of Super PACs. Super PAC’s are political action committees that have the ability to raise limitless amounts of money from individuals, corporations, and unions and spend it on behalf of political candidates – however they cannot directly be in contact with those candidates.  Super PACs have become the new campaign finance tool since the Supreme Court’s 2010 Citizens United decision that allows unions and corporations to spend unlimited amounts of money in federal elections.

What is interesting to note here is that Obama has criticized the Citizens United decision and the use of Super PACs.  In addition, the White House believed that Citizens United could be a political opportunity for Obama, “a powerful rhetorical opportunity to decry the influence of corporate money in politics”.  But why has he changed his mind?

The reality is, running for President is not a easy feat.  It seems that every candidate this election needs a billionaire.  The pro Obama Super PAC Priorities Action USA has raised a total of $4,459,431 in comparison to the pro Mitt Romney Super PAC Restore Our Future which has raised $36,797,202.  The billionaire behind Priorities Action USA is Jeffery Katzenberg, chief executive of Dreamworks Animation who has donated $2,000,000.

Obama has contradicted himself.  I do not agree with the decision his campaign team has made.  According to Jim Messina, Obama’s  campaign manager, “We’re not going to fight this fight with one hand tied behind are back . With so much at stake, we can’t allow for two sets of rules.  Democrats can’t be unilaterally disarmed.”  This is a big excuse to go after money.

The oligarchic influence is too powerful to deny.  These Oligarchs don’t care who wins the election.  They have bought both sides and average people will have to suffer from their decision making . They have set up a “show election” for us and Obama is part of this production.

Read More: Obama Gives Blessing To A Super PAC, We Will Not Play By Two Sets of Rules , Obama Plays The Super PAC Game, Endorses Priorities USA

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Obama Campaign: Sparring With The Koch’s Publicly

By: Kourosh Behnam
March 1, 2012

Obama Biden

The Obama re-election team has been trying to engage Charles and David Koch in a public argument which they hope can bring more donations to their campaign.  Last Friday Obama campaign manager Jim Messina accused the billionaire brothers of “jacking up prices at the pump” and bankrolling “Tea Party extremism.”

In addition, he also said the Koch Brothers have pledge $200 million to Americans For Prosperity, to defeat Obama in November.  Koch money has provoked the Solyndra Attack Ad on Obama.

Koch money is fueling the anti Obama campaign.  Earlier this year, the Koch Brothers held a private three-day retreat in California where 250-300 individuals pledged $100 million dollars to defeat Barack Obama.  Of that $100 million,  the Koch Brothers pledge $60 million.

Philip Ellender, Koch Companies spokesman, had a sharp response to Messina in a public letter.  He stated, “It is an abuse of the President’s Position and does a disservice to our nation for the President and his campaign to criticize private citizens simply for the act of engaging in their constitutional right of free speech about important matters of public policy.”  To the best of my knowledge, I didn’t think “bully ads” are important matters of public policy.

The Obama Biden Campaign has raised $118 million for the 2012 election which was mostly raised from individuals donors giving $200 or less, according to the Campaign Finance Institute.

Read More: Heartland Institute: A Manifestation of the Kochtopus Empire, Obama Campaign, Billionaire Koch Brothers Spar Publicly

Warren Buffet Says That Corporate Taxes Are Not High

By: Kourosh Behnam
February 27, 2012

Warren Buffet and Barack Obama

Warren Buffet and Barack Obama

During President Obama’s State of the Union Address he mentioned a new provision that he wanted to include in the corporate tax reform plan.  He called it the Buffet Rule, which would require Americans making more than $1 million a year to pay an effective tax rate of 30%.

On Monday Warren Buffet explained to the american people that the rich and corporations do not pay their fair share of taxes.

Corporations have been enjoying record profits ($1.97 trillion in 2011) while the rest of us have been trying to make ends meet.   According to the Congressional Budget Office, corporations payed an effective tax rate of 12.1% from their earnings.  Warren Buffet, for one, who is not mentioned in IFG’s oligarchy report stated, “It’s a myth that American corporations are paying 35% or anything like it”  He is referring to the top corporate tax rate. “Corporate taxes are not strangling Americans competitiveness.”   This quote from Buffet was directed towards Rick Santorum on his article in the Wall Street Journal today about restoring American competitiveness.

It’s a good sign to hear one of the richest men in the world calling for higher taxes on the ultra rich and corporations.  I just hope that our government can act fast before we fall behind in the global economy.

Read More: Warren Buffet: High Corporate Taxes An American “Myth”, Bureau Of Economic Analysis, Obama Corporate Tax Plan Would Create Big Winners And Big Losers