Corporate Cash Financing Obama 501c4
Only in its first week of operation, the Obama campaign 501(c)4 is soliciting financing from major corporations like Lockheed Martin, Citi, and Duke Energy, Politico reports. President Obama’s reelection campaign formally announced its rebirth as “Organizing for Action,” a tax-exempt 501(c)4 on Sunday. With that designation, the group is able to accept unlimited donations and is not required to disclose the identities of those donors, though OFA says they will do so.Emanuel To Banks: Stop Supporting Gun Makers
In a letter sent Friday to the CEOs of Bank Of America and TD Bank, Emanuel said: “In the past, the gun industry has stood in opposition to these safety measures. They opposed a ban on assault weapons on America’s streets, opposed a ban on military-style clips, opposed a criminal background check on all gun purchases and opposed any effort to crack down on criminal gun traffickers.”
In the letter, Emanuel says TD Bank offers a $60 million line of credit to Smith & Wesson, which produces the AR-15. That is the weapon used by James Holmes in the Aurora, Colo., theater massacre that killed 12 people. Emanuel wrote. Emanuel told CEO Bharat Masrani “to use your influence to push this company to find common ground” on an assault weapons ban and gun background checks.
In a separate letter, Emanuel urged Bank Of America CEO Brian T. Moynihan to do the same thing with Sturm, Ruger & Co., which has a $25 million line of credit with the bank.Comment: Image source. SWHC and RGR. These are legitimate businesses who have every right to have a business relationship with the bank of their choice. And the banks have the right to do business with these American icons! Earlier this week Chuck Schumer called the NRA Is 'A Fringe Group'. I sense we are seeing a Nazification of the Democratic party!