Archive for the 'Money' Category

Obama’s Cash On Hand: $133M

By Justin Gardner | Related entries in 2008 Election, Barack, Money

Ben Smith has some more numbers…
The full report is, a reader notes, now online, with a summary showing Obama spent more than $65 million on his media buy in September.
To give a sense of the organization scale, more than $5 million of the total of $96.9 million were spent on travel and lodging.
He refunded [...]

October 21st, 2008 | Permalink| No Comments »

Obama Raises $150M+ In September

By Justin Gardner | Related entries in 2008 Election, Barack, Money

Looks like Sarah Palin was really good for fundraising.
But more than that…these are insane numbers. As I’ve said before, Obama has completely and forever changed the political game.
More from the WSJ:
Democratic presidential candidate Barack Obama announced early Sunday that his campaign had raised more than $150 million in September, shattering the previous record he had [...]

October 19th, 2008 | Permalink| 17 Comments »

Obama Raises $100M+ In September?

By Justin Gardner | Related entries in 2008 Election, Barack, Money

That’s the buzz from the NY Times:
The huge gap has been made possible by Mr. Obama’s decision to opt out of the federal campaign finance system, which gives presidential nominees $84 million in public money and prohibits them from spending any amount above that from their party convention to Election Day. Mr. McCain is participating [...]

October 18th, 2008 | Permalink| 17 Comments »

Obama’s September Fundraising Sets New Record

By Justin Gardner | Related entries in 2008 Election, Barack, McCain, Money, Palin

From Huff Post:
One official close to the campaign said that September’s fundraising haul set a new record, surpassing the $66 million Obama raised in August. Another aide, asked about the campaign’s take, would only describe it: “big.”
So let’s look at his fundraising for the past several months.
In June he took in $52M.
July’s total was $51M.
August [...]

October 13th, 2008 | Permalink| 3 Comments »

Obama Purchases 30 Minutes Of Primetime TV

By Justin Gardner | Related entries in 2008 Election, Barack, Media, Money

While not unprecedented, we haven’t seen this type of move in a while. In fact, I think the last person running for office to do this was Ross Perot.
From Hollywood Reporter:
Barack Obama has purchased a half-hour of primetime television on CBS and NBC, sources confirm.
The Obama campaign is producing a nationwide pitch to voters that [...]

October 10th, 2008 | Permalink| 5 Comments »

Obama Adds 1.5 Million New Donors In 1 Month

By Justin Gardner | Related entries in 2008 Election, Barack, Money

Looks like breaking his pledge to take public financing is working out better than expected.
From First Read:
Interviewed on MSNBC, Obama strategist David Axelrod revealed that 4 million individuals have now donated to the Obama camp.
That’s up from 2.5 million last month, meaning — if our math is correct — that 1.5 million new [...]

October 8th, 2008 | Permalink| 2 Comments »

Dow Plummets 500+ Points To 9,447.11

By Justin Gardner | Related entries in Economy, Money

I don’t even want to look at my 401(k) anymore. Too painful.
Seriously, take a look at this graph too see a 1 month view of this downward spiral…

Truly astonishing…
NEW YORK (AP) - The misery worsened on Wall Street Tuesday, with stocks piling on the losses late in the session and bringing the two-day decline in [...]

October 7th, 2008 | Permalink| 2 Comments »

Raising The FDIC Limit To $250,000

By Justin Gardner | Related entries in Barack, Bush, Economy, McCain, Money

It makes a lot of sense, not the least of which is when folks think their bank is in trouble and they decide to start pulling their money because they don’t think the FDIC will cover them, it creates a “run on the bank” situation that makes a collapse for that particular institution almost inevitable.
Obama [...]

September 30th, 2008 | Permalink| 5 Comments »

Rick Davis’ Firm Paid By Freddie Mac Through Last Month

By Justin Gardner | Related entries in 2008 Election, McCain, Money

Yesterday I shared a story about Davis’ lobbying ties to the troubled mortgage giants. And yesterday McCain claimed that his campaign manager hadn’t been involved with his lobbying firm for a few years.
Well, today the Times follows up and finds that Davis’s involvement was more extensive than previously thought…
WASHINGTON — One of the giant mortgage [...]

September 23rd, 2008 | Permalink| 4 Comments »

AIG’s ex-CEO Rejects Severance Pay

By Justin Gardner | Related entries in Economy, Good Decisions, Money

Finally, somebody who doesn’t take the easy way out.
From Reuters:
(Reuters) - American International Group Inc’s (NYSE:AIG - News) former Chief Executive Robert Willumstad has rejected a $22 million severance payment, the Wall Street Journal reported, citing a person familiar with the decision.
Willumstad e-mailed his successor, Edward Liddy, of his decision to forego the severance since [...]

September 22nd, 2008 | Permalink| 2 Comments »

McCain’s Campaign Manager Paid Millions To Help Fannie & Freddie Avoid Tougher Regulations

By Justin Gardner | Related entries in 2008 Election, Bad Decisions, Economy, McCain, Money

And not only that, Rick Davis did it for 5 years and his firm made approximately $1.8M in that time.
From NY Times:
Senator John McCain’s campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac to defend [...]

September 22nd, 2008 | Permalink| 9 Comments »

Obama To Keep Paulson On Post Transition

By Justin Gardner | Related entries in 2008 Election, Barack, Economy, Money

Lots of bi-partisanship popping up in the wake of this economic hurricane, and this move could be one of the more significant moves given how intricate the details of this bailout will be.
From Politico:
Sen. Barack Obama (D-Ill.) said Sunday that if he’s elected, Treasury Secretary Henry Paulson would be “involved” in the new administration’s transition [...]

September 21st, 2008 | Permalink| 2 Comments »

McCain: Limit CEO Pay To $400K In Exchange For Bailout

By Justin Gardner | Related entries in 2008 Election, McCain, Money

An intriguing idea floated by the Arizona senator, but would it actually hurt the recovery?
From Politico:
Sen. John McCain (R-Ariz.) said Sunday that bank executives who take the mortgage bailout should have an annual salary limit of $400,000, a substantial pay cut that could dramatically reduce participation in the program. [...]
“I notice at Lehman … some [...]

September 21st, 2008 | Permalink| 8 Comments »

We’re All Socialists Now?

By Justin Gardner | Related entries in Economy, Money

Jonathan Martin calls it…
Time to take a step back: A Republican President just sent out his Treasury Secretary to announce the federal government will spend “hundreds of billions of dollars” to takeover a not-insignificant chunk of the economy.
However, is this socialism or simply realism?
And, by the way, I give Bush A LOT of credit for [...]

September 19th, 2008 | Permalink| 8 Comments »

Fannie And Freddie Campaign Finance Facts

By Justin Gardner | Related entries in 2008 Election, Barack, McCain, Money

McCain unveiled a new attack today slamming Obama for taking campaign contributions from folks who worked for Fannie and Freddie.
What he doesn’t mention is his own time at the trough.
From CNN:
The total listed for Obama is $126,349 — a tiny fraction of the approximately $390 million his campaign has raised, according to the Center for [...]

September 19th, 2008 | Permalink| No Comments »

Our Trillion Dollar “Free Market” Surprise

By Justin Gardner | Related entries in Economy, Money

The news today is amazing, and just goes to show you that when the government wants to do something drastic, they can do it no problem. So don’t tell me we can’t provide healthcare for all or pay our teachers more or fix our infrastructure. Because if we have this much financial leverage to find [...]

September 19th, 2008 | Permalink| 18 Comments »

Diamond Joe Biden: A heart of gold

By Nick Ragone | Related entries in Biden, Money

Joe Biden likes to make a point on the stump that he’s not part of the jet set crowd; that he hammers out an ordinary living like the rest of us.
Well Diamond Joe wasn’t kidding.  He released his tax returns last Friday, and evidently he’s not a big believer in charity.  
The numbers are uglier [...]

September 15th, 2008 | Permalink| 26 Comments »

Obama Raises $66M In August

By Justin Gardner | Related entries in 2008 Election, Barack, Biden, Democrats, Money

Delivering on the gamble to not accept public financing, this is the biggest one month take in the history of American politics. Still, is it enough to keep up with McCain and the RNC?
Politico has more…
It doesn’t mean the Democrats will outspend the Republicans this year, though. The Republican National Committee’s cash advantage over the [...]

September 14th, 2008 | Permalink| 2 Comments »

McCain Falsely Claims Palin Never Sought Earmarks

By Justin Gardner | Related entries in 2008 Election, Alaska, History, McCain, Money, Palin

The hits just keep on coming…
NEW YORK - Republican presidential candidate John McCain on Friday defended two debunked television ads attacking Democrat Barack Obama and claimed erroneously that running mate Sarah Palin never sought money for lawmakers’ pet projects as Alaska governor.
Palin sought $197 million in so-called “earmarks” for 2009. In the previous budget year, [...]

September 12th, 2008 | Permalink| 8 Comments »

McCain’s Continues To Distort Obama’s/Palin’s Earmarks

By Justin Gardner | Related entries in 2008 Election, Alaska, Barack, McCain, Money, Palin, Republicans

In an article that details how Palin’s Bridge To Nowhere claim is a lie, The Wall Street Journal also points out another fib that McCain has been throwing around on the campaign trail…
At a rally today, Sen. McCain again asserted that Sen. Obama has requested nearly a billion in earmarks. In fact, the Illinois senator [...]

September 8th, 2008 | Permalink| 13 Comments »