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>Has the Fed Become the New AIG?

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Posted: 18 Apr 2011 07:46 AM PDT
Video – Fed is selling put options on Treasuries to drive down yields More detail on this clip is here… World Bank president: ‘One shock away from crisis’ Has the Fed Become the New AIG? Bank of…
Posted: 18 Apr 2011 07:33 AM PDT
Video – Alan Greenspan – April 17, 2011 “As I watch what’s going on, we have to remember that over the next 10 years, we’re going to find that the baby boom generation – highly…
Posted: 18 Apr 2011 07:31 AM PDT
Video – April 1, 2011 If you aren’t familiar with the sharp-tongued and fearless Alyona Minkovski, settle in.  She righteously rips Obama over Afghanistan.  This is…
Posted: 18 Apr 2011 07:26 AM PDT
The Military Industrial Complex Loves You And Thanks You For Your Support (Eisenhower Farewell Speech 1961) Video – Pentagon spending just keeps growing
Posted: 18 Apr 2011 07:00 AM PDT
Get the details from Bloomberg April 4 (Bloomberg) — Goldman Sachs Group Inc. Chairman and Chief Executive Officer Lloyd Blankfein’s $19 million compensation for 2010, almost double the…
Posted: 18 Apr 2011 06:43 AM PDT
Please take the time to read this closely.  Grant provides some very interesting history of the gold-standard in the U.S., going back some 200 years, and lays out his case for a return to a…
Posted: 18 Apr 2011 06:39 AM PDT
Scroll down for very special Greenspan video… — Source – Bloomberg Federal Reserve staff and policy makers identified a housing bubble in 2005, and failed to alter a predictable path of…
Posted: 18 Apr 2011 06:37 AM PDT
Video – FCIC Hearings – Jan. 13, 2010 Since we couldn’t watch Lloyd on trial in the Galleon case, we present a few minutes of last January’s FCIC hearing with Brooksley Born, who warned more than a…
Posted: 17 Apr 2011 02:19 PM PDT
90 seconds of Dennis Kucinich kicking Hank Paulson’s Ass… Further reading… “Kanjorski is a fear-mongering liar…” Tim Geithner’s Mystery Tour Of TARP Propaganda Has Little Use…

Oil is very important to the existence of our country. Without oil and gas we could not drive our cars, heat our homes, and have the many synthetic plastic products that are derivatives of oil. Viva la Oil! But that doesn’t mean we shouldn’t develop what a famous scientist a hundred years ago hit on – Tesla. He was working on cord-less electricity that could light and heat our homes. If America were smart, it would put a chunk of taxpayer money down on such a project.

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>Does Obama Report To Soros? Did Soros Finance Obama?

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Soros: Republic Enemy #1

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Jim O’Neill Bio

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broken watermains

By Jim O’Neill Tuesday, September 15, 2009

image“The main obstacle to a stable and just world order is the United States.”—George Soros

“George Soros is an evil man. He’s anti-God, anti-family, anti-American, and

anti-good.”
—Rev. Jesse Lee Peterson

Is it possible to lay the global financial meltdown, the radicalizing of the Democratic Party, and America’s moral decline, at the feet of one man?

It is indeed possible.

If George Soros isn’t the world’s preeminent “malignant messianic narcissist,” he’ll do until the real thing comes along. Move over, Hitler, Stalin, Mao, and Pol Pot. There’s a new kid on the block.

What we have in Soros, is a multi-billionaire atheist, with skewed moral values, and a sociopath’s lack of conscience. He considers himself to be a world class philosopher, despises capitalism, and just loves social engineering.

Uh oh. Can you say “trouble,” boys and girls?

Soros is a real life version of Dr. Evil—with Obama in the role of Mini-Me. Which is not as humorous as it might at first sound. In fact, it’s bone-deep chilling.

György Schwartz, better known to the world as George Soros, was born August 12, 1930 in Hungary. Soros’ father, Tivadar, was a fervent practitioner of Esperanto—a language invented in 1887, and designed to be the first global language, free of any national identity.

The Schwartz’s, who were non-practicing Jews, changed the family name to Soros, in order to facilitate assimilation into the gentile population, as the Nazis spread into Hungary during the 1930s. Soros is an Esperanto word meaning “to soar.”

In 1944 Hitler’s henchman Adolf Eichmann arrived in Hungary, to oversee the murder of that country’s Jews. The Soros children were all given fake identity papers, and were shipped out to various Christian families. George Soros ended up with a man whose job was confiscating property from the Jewish population. Soros went with him on his rounds.

Soros has repeatedly called 1944 “the best year of his life.”

In an article in the Wall Street Journal, Joshua Muravchik notes that, “70% of Mr. Soros’s fellow Jews in Hungary, nearly a half-million human beings, were annihilated in that year. They were dying and disappearing all around him, and their numbers no doubt included many whom he knew personally. Yet he gives no sign that this put any damper on his elation, either at the time or indeed in retrospect.”

During an interview with “Sixty Minute’s” Steve Kroft, Soros was asked about his “best year:”

Sweetness & Light

KROFT: My understanding is that you went out with this protector of yours who

swore that you were his adopted godson.

SOROS: Yes. Yes.

KROFT: Went out, in fact, and helped in the confiscation of property from the Jews.

SOROS: Yes. That’s right. Yes.

KROFT: I mean, that sounds like an experience that would send lots of people to the

psychiatric couch for many, many years. Was it difficult?

SOROS: Not, not at all. Not at all.

KROFT: No feeling of guilt?

SOROS: No.

Of course he didn’t feel guilty. Soros has the moral depth of a clam. Nonetheless, he has said, “my goal is to become the conscience of the world.”

In his article, Muravchik describes how Soros has admitted to having “carried some rather potent messianic fantasies with me from childhood, which I felt I had to control, otherwise they might get me in trouble.”

Can you imagine the results of this messianic sociopath being “the conscience of the world?” Ye gods.

Be that as it may. After WWII, Soros attended the London School of Economics, where he fell under the thrall of fellow atheist and Hungarian, Karl Popper, one of his professors. Popper was a mentor to Soros until Popper’s death in 1994. Two of Popper’s most influential teachings concerned “the open society,” and Fallibilism.

Fallibilism is the philosophical doctrine that all claims of knowledge could, in principle, be mistaken. Then again, I could be wrong about that.

The “open society” basically refers to a “test and evaluate” approach to social engineering. Regarding “open society” Roy Childs writes, “Since the Second World War, most of the Western democracies have followed Popper’s advice about piecemeal social engineering and democratic social reform, and it has gotten them into a grand mess.


In 1956 Soros moved to New York City, where he worked on Wall Street, and started amassing his fortune. He specialized in hedge funds and currency speculation.

Soros is absolutely ruthless, amoral, and clever in his business dealings, and quickly made his fortune. By the 1980s he was well on his way to becoming the global powerhouse that he is today.

In an article Kyle-Anne Shiver wrote for “The American Thinker” she says, “Soros made his first billion in 1992 by shorting the British pound with leveraged billions in financial bets, and became known as the man who broke the Bank of England. He broke it on the backs of hard-working British citizens who immediately saw their homes severely devalued and their life savings cut drastically…almost overnight.”

In 1994 Soros crowed in “The New Republic” that “the former Soviet Empire is now called the Soros Empire.” The Russia-gate scandal in 1999, which almost collapsed the Russian economy, was labeled by Rep. Jim Leach, then head of the House Banking Committee, to be “one of the greatest social robberies in human history.” The “Soros Empire” indeed.

In 1997 Soros almost destroyed the economies of Thailand and Malaysia. At the time, Malaysia’s Prime Minister, Mahathir Mohamad, called Soros “a villain, and a moron.” Thai activist Weng Tojirakarn said, “We regard George Soros as a kind of Dracula. He sucks the blood from the people.” (Source)

The website Greek national Pride reports, “[Soros] was part of the full court press that dismantled Yugoslavia and caused trouble in Georgia, Ukraine and Myanmar [Burma]. Calling himself a philanthropist, Soros’ role is to tighten the ideological stranglehold of globalization and the New World Order while promoting his own financial gain. He is without conscience; a capitalist who functions with absolute amorality.”

France has upheld an earlier conviction against Soros, for felony insider trading. Soros was fined 2.9 million dollars. (Source)

Recently, his native Hungary fined Soros 2.2 million dollars for “illegal market manipulation.” Elizabeth Crum writes that “The Hungarian economy has been in a state of transition as the country seeks to become more financially stable and westernized. [Soros’] deliberately driving down the share price of its largest bank put Hungary’s economy into a wicked tailspin, one from which it is still trying to recover.” (Source)

Soros’ grasp, greed, gluttony have a global reach

My point here is that Soros is a planetary parasite. His grasp, greed, and gluttony have a global reach.

But what about America? Soros told Australia’s national newspaper “The Australian” “America, as the centre of the globalised financial markets, was sucking up the savings of the world. This is now over. The game is out,” he said, adding that the time has come for “a very serious adjustment” in American’s consumption habits.

Ready to tighten your belts, America?

World financial crisis was”stimulating” and “in a way, the culmination of my life’s work.”

Soros also told “The Australian” that the world financial crisis was”stimulating” and “in a way, the culmination of my life’s work.”

Stimulating. Have you found the job losses, house foreclosures, and incredible national debt—stimulating? Me neither.

Obama has recently promised 10 billion of our tax dollars to Brazil (yes, billion with a “b”), in order to give them a leg-up in expanding their offshore oil fields. Obama’s largesse towards Brazil, came shortly after Soros invested heavily in Brazilian oil (Petrobras).

Tait Trussel writes, “The Petrobras loan may be a windfall for Soros and Brazil, but it is a bad deal for the U.S. The American Petroleum Institute estimates that oil exploration in the U.S. could create 160,000 new, well-paying jobs, as well as $1.7 trillion in revenues to federal, state, and local governments, all while fostering greater energy security.”

Do you get the feeling that American taxpayers are being treated like gullible suckers?

(By the way, if you want a short primer on Far Left economics—and a great cartoon from a 1911 St. Louis Post-Dispatch—go to actor Michael Moriarty’s website).


A blog you might want to keep an eye on is SorosWatch.com. This is their mission: “This blog is dedicated to all…who have suffered due to the ruthless financial pursuits of…George Soros. Your stories are many and varied, but the theme is the same: the destructive power of greed without conscience. We pledge to tirelessly watch Soros wherever he goes and to print the truth in the hope that he will one day stop preying upon the world’s poor…that justice will be served.”

Back to America. Soros has been actively working to destroy America from the inside out for some years now. People have been warning us. Two years ago Bill O’Reilly said on “The O’Reilly Factor” that “Soros [is] an extremist who wants open borders, a one-world foreign policy, legalized drugs, euthanasia, and on and on. This is off-the-chart dangerous….” (Source)

In 1997 Rachel Ehrenfeld wrote, “Soros uses his philanthropy to change—or more accurately deconstruct—the moral values and attitudes of the Western world, and particularly of the American people. His “open society” is not about freedom; it is about license. His vision rejects the notion of ordered liberty, in favor of an ideology of rights and entitlements.”

Perhaps the most important of these “whistle blowers” are David Horowitz and Richard Poe. Their book “The Shadow Party” outlines in detail how Soros hijacked the Democratic Party, and now owns it lock, stock, and barrel.

Soros has been packing the Democratic Party with radicals, and ousting moderate Democrats for years. I don’t have time to do the subject justice in this article, but FrontPage’s Jamie Glazov has an excellent interview with Richard Poe, which will fill you in on many of the facts.

The Shadow Party became the Shadow Government, which became the Obama Administration.

DiscoverTheNetworks.org (another good source) writes, “By his [Soros’] own admission, he helped engineer coups in Slovakia, Croatia, Georgia, and Yugoslavia. When Soros targets a country for “regime change,” he begins by creating a shadow government—a fully formed government-in-exile, ready to assume power when the opportunity arises. The Shadow Party he has built in America greatly resembles those he has created in other countries prior to instigating a coup.”


The above quote was, of course, written before the Presidential Election. So was the following quote from a November 2008 edition of the German magazine “Der Spiegel,” in which Soros gives his opinion on what the next POTUS should do after taking office. “I think we need a large stimulus package….” Soros thought that around 600 billion would be about right.

Soros also said that “I think this is a great opportunity to finally deal with global warming and energy dependence. The U.S. needs a cap and trade system with auctioning of licenses for emissions rights.”

Any of this sound familiar?

Although Soros doesn’t (yet) own the Republican Party, like he does the Democrats, make no mistake, his tentacles are spread throughout the Republican Party as well.

Soros is a partner in the Carlyle Group where he has invested more than 100 million dollars. According to an article by “The Baltimore Chronicle’s” Alice Cherbonnier, the Carlye Group is run by “a veritable who’s who of former Republican leaders,” from CIA man Frank Carlucci, to CIA head [and ex-President] George Bush, Sr.

In late 2006, Soros bought about 2 million shares of Halliburton—Dick Cheney’s old stomping grounds.

When the Democrats and Republicans held their conventions in 2000, Soros held Shadow Party conventions in the same cities, at the same time. Republican Senator John McCain was the keynote speaker at the “Soros Convention” (so labelled by the late Robert Novak) in Philadelphia.

Soros has dirtied both sides of the aisle, trust me. And if that weren’t bad enough, he has long held connections with the CIA.

And I musn’t forget to mention Soros’ involvement with the LSM (Lame Stream Media), the entertainment industry (e.g. he owns 2.6 million shares of Time Warner), and the various political advertising organizations he funnels millions to.

As Matthew Vadum writes, “The liberal billionaire-turned-philanthropist has been buying up media properties for years in order to drive home his message to the American public that they are too materialistic, too wasteful, too selfish, and too stupid to decide for themselves how to run their own lives.”

Richard Poe writes, “Soros’ private philanthropy, totaling nearly $5 billion, continues undermining America’s traditional Western values. His giving has provided funding of abortion rights, atheism, drug legalization, sex education, euthanasia, feminism, gun control, globalization, mass immigration, gay marriage and other radical experiments

in social engineering.”

Some of the many NGOs (None Government Organizations) that Soros funds with his billions are: MoveOn.org, the Apollo Alliance, Media Matters for America, the Tides Foundation, the ACLU, ACORN, PDIA (Project on Death In America), La Raza, and many more. For a more complete list, with brief descriptions of the NGOs, go to DiscoverTheNetworks.org.

Poe continues, “Through his global web of Open Society Institutes and Open Society Foundations, Soros has spent 25 years recruiting, training, indoctrinating and installing a network of loyal operatives in 50 countries, placing them in positions of influence and power in media, government, finance and academia.”


As I’ve said before, America currently faces the greatest challenge to its existence as a free republic since the Civil War. And as we go, so goes the world.

So is Soros to blame for all of America’s woes?

Without Soros, would the Saul Alinsky Chicago machine still be rolling? Would SEIU, ACORN, and La Raza still be pursuing their nefarious activities? Would Big Money and lobbyists still be corrupting government? Would our college campuses still be retirement homes for 1960s radicals? Yes, yes, yes, and yes—but to much less of a degree.

The purpose of this article is to point out that without the financial skullduggery and Machiavellian manipulations of Soros, America would be a considerably safer, saner, and stabler place to live.

America stands at the brink of an abyss, and that fact is directly attributable to Soros. Soros has vigorously, cleverly, and insidiously planned the ruination of America.

His conduct has been immoral, duplicitous, and traitorous. Stripping Soros of his U.S. citizenship, should be one of the first steps taken during the upcoming courtroom trials.

And trials there must be. No matter the cost, the nest of vipers on Capitol Hill, and all of the traitors in the government at large, must be brought to task for their behavior, or a free America is doomed.

The words of Patrick Henry are apropos: “Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take, but as for me, give me liberty, or give me death!”

These days, Patrick Henry’s sentiment is more than just some quaint hyperbole from long ago—it’s a slow burning, but intense, glow that fires our courage and heart.

Laus Deo.

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Jim O’Neill Most recent columns

Born in June of 1951 in Philadelphia, Pennsylvania, Jim O’Neill proudly served in the U.S. Navy from 1970-1974 in both UDT-21 (Underwater Demolition Team) and SEAL Team Two. A member of MENSA, he worked as a commercial diver in the waters off Scotland, India, and the United States. In 1998 while attending the University of South Florida as a journalism student, O’Neill won “First Place” in the “Carol Burnett/University of Hawaii AEJMC Research in Journalism Ethics Award. The annual contest was set up by Carol Burnett with the money she won from successfully suing the National Enquirer for libel.

>With U.S., It’s Always Been About The Oil

>Note: The AP story will remain below in Times New Roman type, while my comments will be in Areal typeface bold.



Nigeria — The Obama government doesn’t give a hoot about violence, corruption, and starving people in Nigeria. It’s all about maintaining the oil production which makes Nigeria America’s fifth largest supplier. That’s my assessment following Sectrtary Clinton’s visit and AP coverage below.

Notice the words of the report coming out of Nigeria on Secretary State Hillary Clinton’s recent visit. Let’s dissect it together. The Title of the AP story was “Clinton Presses Nigeria on Graft.” This is so hypocritical. What about America’s graft, which is far worse in many ways than that going on in Nigeria? Just one mention of the “Chicago Way” to conservative and moderate Americans suggests crime, criminal intent, graft, raping the country of assets, riotous living and spending of taxpayer money to special interest groups under the guise of ending a recession, and lack of concern for the common folks, especially seniors in the Obama rationed health care plan.

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ABUJA, Nigeria – U.S. Secretary of State Hillary Rodham Clinton on Wednesday urged oil-rich Nigeria to embrace broad political reform and ease tensions that have led to sectarian violence and disrupted energy production in the Niger Delta.

Speak about embracing political reform all you want, but Obama has brought with him one of the most unholy, ruthless, lawless organizations of any administration. I’m speaking of ACORN, Americore, Rahm Emanuel, David Axelrod, and a whole host of associations that President Obama, himself, has with the crime world, The Weather Underworld, with known terrorists like Bernadine Dohrne and her lying, infamous husband Bill Ayres. Outraged by the Vietnam War and racism in America, the organization waged a low-level war against the U.S. government through much of the 1970s, bombing the Capitol building, breaking Timothy Leary out of prison, and evading one of the largest FBI manhunts in history.”

Obama started his campaign in the Chicago home of Ayres and his wife Dohrn. To libs that means nothing. To the rest of us, it is a seminal signal telling us that the lies and the voilence and the underhandedness will continue under Obama if he is elected. Well, he was elected, and now he has become most arrogant.

The convicted felon Tony Rezko association, leading to Obama purchasing a house and a lot for considerably less than the gangsta himself whose house was right next door and of similar proportions.

But this wasn’t supposed to have been a tirade against Obama, but a tutorial about how wicked and evil are his ways.

Since Obama came to power there have been great tensions in this country, primarily over outlandish spending of our money. Just what Obama had said he hoped would not occur, has occurred becaue of his socialistic, statist policies which liberty-loving Americans abhor. Broad political reform hasn’t come about. We were promised “transparency” and in its place we get secrecy and deceit. We were promised the end of a war, and in its place we get an escalation of the fighting. We were promised (not by word necessarily, but by demeanor) a moderate government. In it’s place we have a devilish desire for our money — higher taxes, confiscatory policies, the end of private health care, discrimination against the elderly in health care. Preferential treatment for non-citizens, the 10,000 illegal aliens who are getting free Obama Care but who should be shipped home to Mexico.

In the Nigerian capital of Abuja on the fifth stop in a seven-nation tour Africa, Clinton said that action on those fronts was needed to protect the country’s status as the continent’s largest oil producer and largest recipient of direct U.S. investment.

“It is critical for the people of Nigeria, first and foremost, but indeed for the United States that Nigeria succeeds in fulfilling its promise,” Clinton told a news conference after meeting Nigerian Foreign Minister Ojo Maduekwe.

“We strongly support and encourage the government of Nigeria’s efforts to increase transparency, reduce corruption (and) provide support for democratic processes in preparation for the 2011 elections,” she said.

Instead of “support for democratic processes”, in America we get ACORN, which is funded out of taxpayer money but which gives virtually all of its money and support to left liberals. They corrupted the last elections and there are many lawsuits now in various states for ACORN’s unlawful acts of suborning perjury and other crimes by paying their operatives ten dollars each time they registered to vote. Some black guy on TV said he had registered fifteen times illegally. Why? Because ACORN paid by the number of registerations. I hope all of them end up in jail. And yet Hillary is out there whipping up some kind of sanctimoneous ferver for Nigeria to fix their voting process? Who is calling the kettle black? Then there’s the illegal donations Obama received under phoney names, Mickey Mouse, Ann Rand, etc. We could go on and on. The U.S. voting appratus is smashed. Then our president gives the census job to this illegal, fraudulent operation called ACORN. Where’s his own honesty? He has none. He’s a fraud and all Americans know it.

U.S. officials regard Nigeria, Africa’s most populous nation, as a bellwether for the continent’s success and have expressed deep concern about the coup-prone country’s political situation, especially after 2007 elections that were marred by fraud.

This writer could be talking about America. Mr. Obama, don’t continue down this tawdry road until every American walks off the job and millions of people start demonstrating in the streets as the people did in Iran.

Maduekwe said there was a “national consensus on issues of enhanced democracy, a deep commitment to rule of law and electoral reforms” and pledged that President Umaru Yar’Adua‘s government would deliver on reform.

Nigeria is the fifth largest supplier of oil to the United States and U.S. officials are also troubled by unrest and kidnappings in the Niger Delta, where indigenous groups have complained vehemently about exploitation of oil reserves by foreign petroleum companies.

Violence in the region has led to cuts in production that in June led to Angola surpassing Nigeria in monthly oil production.

>Obama Election Fraud Still Unsolved

>Secret, Foreign Money Floods Into Obama Campaign

Monday, September 29, 2008 9:23 PM

By: Kenneth R. Timmerman Article Font Size

More than half of the whopping $426.9 million Barack Obama has raised has come from small donors whose names the Obama campaign won’t disclose.

And questions have arisen about millions more in foreign donations the Obama campaign has received that apparently have not been vetted as legitimate.

Obama has raised nearly twice that of John McCain’s campaign, according to new campaign finance report.

But because of Obama’s high expenses during the hotly contested Democratic primary season and an early decision to forgo public campaign money and the spending limits it imposes, all that cash has not translated into a financial advantage — at least, not yet.

The Obama campaign and the Democratic National Committee began September with $95 million in cash, according to reports filed with the Federal Election Commission (FEC).

The McCain camp and the Republican National Committee had $94 million, because of an influx of $84 million in public money.

But Obama easily could outpace McCain by $50 million to $100 million or more in new donations before Election Day, thanks to a legion of small contributors whose names and addresses have been kept secret.

Unlike the McCain campaign, which has made its complete donor database available online, the Obama campaign has not identified donors for nearly half the amount he has raised, according to the Center for Responsive Politics (CRP).

Federal law does not require the campaigns to identify donors who give less than $200 during the election cycle. However, it does require that campaigns calculate running totals for each donor and report them once they go beyond the $200 mark.

Surprisingly, the great majority of Obama donors never break the $200 threshold.

“Contributions that come under $200 aggregated per person are not listed,” said Bob Biersack, a spokesman for the FEC. “They don’t appear anywhere, so there’s no way of knowing who they are.”

The FEC breakdown of the Obama campaign has identified a staggering $222.7 million as coming from contributions of $200 or less. Only $39.6 million of that amount comes from donors the Obama campaign has identified.

It is the largest pool of unidentified money that has ever flooded into the U.S. election system, before or after the McCain-Feingold campaign finance reforms of 2002.

Biersack would not comment on whether the FEC was investigating the huge amount of cash that has come into Obama’s coffers with no public reporting.

But Massie Ritsch, a spokesman for CRP, a campaign-finance watchdog group, dismissed the scale of the unreported money.

“We feel comfortable that it isn’t the $20 donations that are corrupting a campaign,” he told Newsmax.

But those small donations have added up to more than $200 million, all of it from unknown and unreported donors.

Ritsch acknowledges that there is skepticism about all the unreported money, especially in the Obama campaign coffers.

“We and seven other watchdog groups asked both campaigns for more information on small donors,” he said. “The Obama campaign never responded,” whereas the McCain campaign “makes all its donor information, including the small donors, available online.”

The rise of the Internet as a campaign funding tool raises new questions about the adequacy of FEC requirements on disclosure. In pre-Internet fundraising, almost all political donations, even small ones, were made by bank check, leaving a paper trail and limiting the amount of fraud.

But credit cards used to make donations on the Internet have allowed for far more abuse.

“While FEC practice is to do a post-election review of all presidential campaigns, given their sluggish metabolism, results can take three or four years,” said Ken Boehm, the chairman of the conservative National Legal and Policy Center.

Already, the FEC has noted unusual patterns in Obama campaign donations among donors who have been disclosed because they have gone beyond the $200 minimum.

FEC and Mr. Doodad Pro

When FEC auditors have questions about contributions, they send letters to the campaign’s finance committee requesting additional information, such as the complete address or employment status of the donor.

Many of the FEC letters that Newsmax reviewed instructed the Obama campaign to “redesignate” contributions in excess of the finance limits.

Under campaign finance laws, an individual can donate $2,300 to a candidate for federal office in both the primary and general election, for a total of $4,600. If a donor has topped the limit in the primary, the campaign can “redesignate” the contribution to the general election on its books.

In a letter dated June 25, 2008, the FEC asked the Obama campaign to verify a series of $25 donations from a contributor identified as “Will, Good” from Austin, Texas.

Mr. Good Will listed his employer as “Loving” and his profession as “You.”

A Newsmax analysis of the 1.4 million individual contributions in the latest master file for the Obama campaign discovered 1,000 separate entries for Mr. Good Will, most of them for $25.

In total, Mr. Good Will gave $17,375.

Following this and subsequent FEC requests, campaign records show that 330 contributions from Mr. Good Will were credited back to a credit card. But the most recent report, filed on Sept. 20, showed a net cumulative balance of $8,950 — still well over the $4,600 limit.

There can be no doubt that the Obama campaign noticed these contributions, since Obama’s Sept. 20 report specified that Good Will’s cumulative contributions since the beginning of the campaign were $9,375.

In an e-mailed response to a query from Newsmax, Obama campaign spokesman Ben LaBolt pledged that the campaign would return the donations. But given the slowness with which the campaign has responded to earlier FEC queries, there’s no guarantee that the money will be returned before the Nov. 4 election.

Similarly, a donor identified as “Pro, Doodad,” from “Nando, NY,” gave $19,500 in 786 separate donations, most of them for $25. For most of these donations, Mr. Doodad Pro listed his employer as “Loving” and his profession as “You,” just as Good Will had done.

But in some of them, he didn’t even go this far, apparently picking letters at random to fill in the blanks on the credit card donation form. In these cases, he said he was employed by “VCX” and that his profession was “VCVC.”

Following FEC requests, the Obama campaign began refunding money to Doodad Pro in February 2008. In all, about $8,425 was charged back to a credit card. But that still left a net total of $11,165 as of Sept. 20, way over the individual limit of $4,600.

Here again, LaBolt pledged that the contributions would be returned but gave no date.

In February, after just 93 donations, Doodad Pro had already gone over the $2,300 limit for the primary. He was over the $4,600 limit for the general election one month later.

In response to FEC complaints, the Obama campaign began refunding money to Doodad Pro even before he reached these limits. But his credit card was the gift that kept on giving. His most recent un-refunded contributions were on July 7, when he made 14 separate donations, apparently by credit card, of $25 each.

Just as with Mr. Good Will, there can be no doubt that the Obama campaign noticed the contributions, since its Sept. 20 report specified that Doodad’s cumulative contributions since the beginning of the campaign were $10,965.

Foreign Donations

And then there are the overseas donations — at least, the ones that we know about.

The FEC has compiled a separate database of potentially questionable overseas donations that contains more than 11,500 contributions totaling $3.38 million. More than 520 listed their “state” as “IR,” which the FEC often uses as an abbreviation for “information requested.” Another 63 listed it as “UK,” the United Kingdom.

More than 1,400 of the overseas entries clearly were U.S. diplomats or military personnel, who gave an APO address overseas. Their total contributions came to just $201,680.

But others came from places as far afield as Abu Dhabi, Addis Ababa, Beijing, Fallujah, Florence, Italy, and a wide selection of towns and cities in France.

Until recently, the Obama Web site allowed a contributor to select the country where he resided from the entire membership of the United Nations, including such friendly places as North Korea and the Islamic Republic of Iran.

Unlike McCain’s or Sen. Hillary Clinton’s online donation pages, the Obama site did not ask for proof of citizenship until just recently. Clinton’s presidential campaign required U.S. citizens living abroad to actually fax a copy of their passport before a donation would be accepted.

With such lax vetting of foreign contributions, the Obama campaign may have indirectly contributed to questionable fundraising by foreigners.

In July and August, the head of the Nigeria’s stock market held a series of pro-Obama fundraisers in Lagos, Nigeria’s largest city. The events attracted local Nigerian business owners.

At one event, a table for eight at one fundraising dinner went for $16,800. Nigerian press reports claimed sponsors raked in an estimated $900,000.

The sponsors said the fundraisers were held to help Nigerians attend the Democratic convention in Denver. But the Nigerian press expressed skepticism of that claim, and the Nigerian public anti-fraud commission is now investigating the matter.

Concerns about foreign fundraising have been raised by other anecdotal accounts of illegal activities.

In June, Libyan leader Moammar Gadhafi gave a public speech praising Obama, claiming foreign nationals were donating to his campaign.

“All the people in the Arab and Islamic world and in Africa applauded this man,” the Libyan leader said. “They welcomed him and prayed for him and for his success, and they may have even been involved in legitimate contribution campaigns to enable him to win the American presidency…”

Though Gadhafi asserted that fundraising from Arab and African nations were “legitimate,” the fact is that U.S. federal law bans any foreigner from donating to a U.S. election campaign.

The rise of the Internet and use of credit cards have made it easier for foreign nationals to donate to American campaigns, especially if they claim their donation is less than $200.

Campaign spokesman LaBolt cited several measures that the campaign has adopted to “root out fraud,” including a requirement that anyone attending an Obama fundraising event overseas present a valid U.S. passport, and a new requirement that overseas contributors must provide a passport number when donating online.

One new measure that might not appear obvious at first could be frustrating to foreigners wanting to buy campaign paraphernalia such as T-shirts or bumper stickers through the online store.

In response to an investigation conducted by blogger Pamela Geller, who runs the blog Atlas Shrugs, the Obama campaign has locked down the store.

Geller first revealed on July 31 that donors from the Gaza strip had contributed $33,000 to the Obama campaign through bulk purchases of T-shirts they had shipped to Gaza.

The online campaign store allows buyers to complete their purchases by making an additional donation to the Obama campaign.

A pair of Palestinian brothers named Hosam and Monir Edwan contributed more than $31,300 to the Obama campaign in October and November 2007, FEC records show.

Their largesse attracted the attention of the FEC almost immediately. In an April 15, 2008, report that examined the Obama campaign’s year-end figures for 2007, the FEC asked that some of these contributions be reassigned.

The Obama camp complied sluggishly, prompting a more detailed admonishment form the FEC on July 30.

The Edwan brothers listed their address as “GA,” as in Georgia, although they entered “Gaza” or “Rafah Refugee camp” as their city of residence on most of the online contribution forms.

According to the Obama campaign, they wrongly identified themselves as U.S. citizens, via a voluntary check-off box at the time the donations were made.

Many of the Edwan brothers’ contributions have been purged from the FEC database, but they still can be found in archived versions available for CRP and other watchdog groups.

The latest Obama campaign filing shows that $891.11 still has not been refunded to the Edwan brothers, despite repeated FEC warnings and campaign claims that all the money was refunded in December.

A Newsmax review of the Obama campaign finance filings found that the FEC had asked for the redesignation or refund of 53,828 donations, totaling just under $30 million.

But none involves the donors who never appear in the Obama campaign reports, which the CRP estimates at nearly half the $426.8 million the Obama campaign has raised to date.

Many of the small donors participated in online “matching” programs, which allows them to hook up with other Obama supporters and eventually share e-mail addresses and blogs.

The Obama Web site described the matching contribution program as similar to a public radio fundraising drive.

“Our goal is to bring 50,000 new donors into our movement by Friday at midnight,” campaign manager David Plouffe e-mailed supporters on Sept. 15. “And if you make your first online donation today, your gift will go twice as far. A previous donor has promised to match every dollar you donate.”

FEC spokesman Biersack said he was unfamiliar with the matching donation drive. But he said that if donations from another donor were going to be reassigned to a new donor, as the campaign suggested, “the two people must agree” to do so.

This type of matching drive probably would be legal as long as the matching donor had not exceeded the $2,300 per-election limit, he said.

Obama campaign spokesman LaBolt said, “We have more than 2.5 million donors overall, hundreds of thousands of which have participated in this program.”

Until now, the names of those donors and where they live have remained anonymous — and the federal watchdog agency in charge of ensuring that the presidential campaigns play by the same rules has no tools to find out.

CLARIFICATION

The original version of this story, published on this Web site Sept. 29, reported that the “IR” listed on 520 overseas donations is “often an abbreviation for Iran.”

However, FEC spokesman Bob Biersack said Oct. 7 that “IR” generally means “information requested,” not Iran. “That’s often, but not always, what it means,” he said.