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Top Recipient of Political Cash from BP, Goldman Sachs, Defense Contractors AND Healthcare Giants: Barack Obama

Washington’s Blog
May 6, 2010

Preface: The story that Obama was the top recipient of political contributions from BP is going viral [1] today. I thought I’d put the story in a little context.

As a side note, I voted for Obama [2] and had high hopes for him … until he appointed Summers, Geithner, various Bush re-treads and industry shills, and then showed that he would play footsie with the big boys instead of the American people.

Politico reports [3]:

BP and its employees have given more than $3.5 million to federal candidates over the past 20 years, with the largest chunk of their money going to Obama, according to the Center for Responsive Politics.

Obama apparently also got more contributions from Exxon and Chevron [4] than McCain.

And Obama had the most political contributions [5] from Goldman Sachs in 2008 of all senators. And Goldman gave more to Obama than any other presidential candidate [6], and was Obama’s second-largest contributor [7].

In addition, Obama was the top congressional recipient of defense industry contributions for the 2008 election cycle. See this [8], this [9] and this [10].

Obama was also the top recipient of money from the healthcare giants [11] in the presidential election.