Monday, October 18, 2010

STUNNING HYPOCRISY: Dems Receive Twice as Much ‘Foreign’ PAC Money as GOP

While President Barack Obama and other well-known figureheads of the Democratic Party are criticizing Republicans for allegedly benefiting from “foreign donations” to conservative interest groups, a new analysis from the Center for Responsive Politics has revealed that the Democratic Party has raised more than $1 million from political action committees affiliated with foreign companies — about twice as much as the $510,000 the GOP has received from PACs on the same list.

The PACs at the center of the study are funded entirely by contributions from American employees of foreign companies. “This is not foreign money per-se, but these PACs are certainly populated by people who work for foreign companies,” says David Levinthal, a spokesman for the Center for Responsive Politics.

“Foreign companies and foreign governments can lobby Congress, and that is probably one area where they have a measurable effect on politics,” Levinthal told The Hill. “Foreign-subsidiary political action committees is about as close as you can get.”

In response, Republicans are crying foul, accusing the Democratic Party of hypocrisy in their criticism of groups like the U.S. Chamber of Commerce and American Crossroads, a group backed by GOP heavyweights Karl Rove and Ed Gillespie. “Barack Obama criticized the Supreme Court and his adversaries over the bogus charge of foreign money tainting elections — while leaders in his own party had taken more than a million dollars from the foreign cookie jar,” said Jonathan Collegio, a spokesman for American Crossroads. “The hypocrisy here is just stunning,” he told The Hill. READ MORE...

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