CNN FactCheck - who got most $ from Freddie and Fannie - McCain or Obama? (campaign, Dodd)

[beachbums2]

CNN did a fact check today on McCain's ad claiming that Obama was one of the largest recipients of funds from Freddie and Fannie.

This is another distortion of the truth.

It is true Obama received somewhere around $130,000 from Freddie and Fannie employees.

However, McCain received $169,000 from Freddie and Fannie executives and lobbyists. Obama received $16,000 from executives and lobbyists.

[sanrene]

All Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008

Name Office State Party Grand Total Total from
PACs Total from
Individuals
Dodd, Christopher J S CT D $165,400 $48,500 $116,900
Obama, Barack S IL D $126,349 $6,000 $120,349
Kerry, John S MA D $111,000 $2,000 $109,000

McCain - $21,550.

[amcjap]

...and that 21,550 was given to McCain throughout decades. While Obama got his in the last two years...

[jps-teacher]

Originally Posted by sanrene

McCain - $21,550.

Yes. That was the misleading figure.

Are you suggesting that is the only Freddie/Fannie money that is relevant?

[sanrene]

In the two years obama has been in the Senate, he has cleaned up.

[bentlebee]

Originally Posted by beachbums2

CNN did a fact check today on McCain's ad claiming that Obama was one of the largest recipients of funds from Freddie and Fannie.

This is another distortion of the truth.

It is true Obama received somewhere around $130,000 from Freddie and Fannie employees.

However, McCain received $169,000 from Freddie and Fannie executives and lobbyists. Obama received $16,000 from executives and lobbyists.

+ de rest of the money Obama got from these CEO's that you just find better not to tell on this forum

[Bud Dickman]

Who they give money to isn't important, it's the free market, hands off neo-con philosophy that does.

[Donn2390]

Originally Posted by beachbums2

CNN did a fact check today on McCain's ad claiming that Obama was one of the largest recipients of funds from Freddie and Fannie.

This is another distortion of the truth.

It is true Obama received somewhere around $130,000 from Freddie and Fannie employees.

However, McCain received $169,000 from Freddie and Fannie executives and lobbyists. Obama received $16,000 from executives and lobbyists.

Lieing doesn't help your cause.. Saying doesn't make it true..

[LordBalfor]

Originally Posted by amcjap

...and that 21,550 was given to McCain throughout decades. While Obama got his in the last two years...

And you conveniently ignore the following:

"However, McCain received $169,000 from Freddie and Fannie executives and lobbyists. Obama received $16,000 from executives and lobbyists."

Considering that the VAST MAJORITY of Obama's money has come from small donations from individuals (as in EMPLOYEES of those companies - among many others) it's not surprising he has the higher number in the figures you list - nor is there ANYTHING WRONG WITH THAT.

I have FAR more concern about donations from company executives and lobbyists than I do about the donations from the rank and file employees. When was the last time Joe Blow the janitor or Jane Blaine the secretary ever got a special favor in return for their little donation? Lobbyists and business execs however... well, that's another story (why do you think Lobbyists give?)

Ken

[LordBalfor]

Originally Posted by Donn2390

Lieing doesn't help your cause.. Saying doesn't make it true..

Unfortunately for you, it's not a lie:

CNN Political Ticker: All politics, all the time Blog Archive - Fact Check: Did Obama ‘profit’ from Fannie and Freddie? « - Blogs from CNN.com

Ken