Tuesday, May 4, 2010

Obama Top Recipient of BP Donations in 2008. BP Enjoys Lobbying Strength, Close Ties to Lawmakers as Federal Investigation Looms

On Thursday, oil giant BP asked for U.S. government assistance in cleaning up massive amounts of crude oil ominously approaching the coast of Louisiana -- the messy results of a recent oil rig explosion 40 miles off-shore.

In response, the Obama administration promised support in both clean up and containment of the environmental crisis. The president also sent clear signals indicating a potential federal investigation to determine cause and responsibility for the accident.

If BP faces heavy federal scrutiny, it's well-positioned to fight back: The London-based company has consistently spent top dollar to influence legislative and regulatory activity in Washington, D.C., the Center for Responsive Politics finds.

During the 2008 election cycle, individuals and political action committees associated with BP -- a Center for Responsive Politics' "heavy hitter" -- contributed half a million dollars to federal candidates. About 40 percent of these donations went to Democrats. The top recipient of BP-related donations during the 2008 cycle was President Barack Obama himself, who collected $71,000.

BP regularly lobbies on Capitol Hill, as well. In 2009, the company spent a massive $16 million to influence legislation. During the first quarter of 2010, it spent $3.53 million on federal lobbying efforts, ranking it second (behind ConocoPhillips) among all oil and gas industry interests.

Its registered lobbyists include a number of former federal government and high-ranking political campaign officials, including longtime political operative Tony Podesta, former congressional chief of staff Bob Brooks, former congressional legislative director David Pore and vice presidential aide Michael S. Berman, the Center's research shows. READ MORE...

Did these 'idiots' know that Barack Hussein Obama was taking money from that big greedy evil oil company BP? Of course not, they're idiots...

No comments:

Post a Comment