Changes

Obama is the first presidential candidate to reject public financing. He broke his promise to accept it in the hope that his powerful fund-raising machine would generate far more money than the $84.1 million McCain is getting in public funding. Indeed, on August 14th, the Obama campaign announced it had received donations from 2 million individuals, setting new records. Obama raised $272 million for the primaries and expects to raise $300 million for the general election. However the Republican National Committee has been raising much more than the Democratic National Committee and each candidate had about $100 million in cash on September 1. Each expects to spend about $300 million by November. However, Obama is obliged to devote much of his time to fund raising among supporters rather than campaigning among undecided voters.<ref> see [http://blog.newsweek.com/blogs/stumper/archive/2008/09/09/was-obama-right-to-opt-out-of-public-financing.aspx Andrew Romano, "Was Obama Right to Opt Out of Public Financing?," ''Newsweek'' (Sept. 9, 2008) online]</ref> Among his backers is homosexual pornography baron [[Terrence Bean]].

Obama is the first presidential candidate to reject public financing. He broke his promise to accept it in the hope that his powerful fund-raising machine would generate far more money than the $84.1 million McCain is getting in public funding. Indeed, on August 14th, the Obama campaign announced it had received donations from 2 million individuals, setting new records. Obama raised $272 million for the primaries and expects to raise $300 million for the general election. However the Republican National Committee has been raising much more than the Democratic National Committee and each candidate had about $100 million in cash on September 1. Each expects to spend about $300 million by November. However, Obama is obliged to devote much of his time to fund raising among supporters rather than campaigning among undecided voters.<ref> see [http://blog.newsweek.com/blogs/stumper/archive/2008/09/09/was-obama-right-to-opt-out-of-public-financing.aspx Andrew Romano, "Was Obama Right to Opt Out of Public Financing?," ''Newsweek'' (Sept. 9, 2008) online]</ref> Among his backers is homosexual pornography baron [[Terrence Bean]].

According to Opensecrets.org, of the 671,269 contributions to Obama between 2003 and 2008, [[Goldman Sachs]], [[JP Morgan]], [[Citigroup]], and [[Morgan Stanley]] are among the Top 20 biggest money donors to Obama's campaigns. [http://www.opensecrets.org/politicians/contrib.php?cid=N00009638&cycle=2008][http://www.votesmart.org/finance.php?can_id=9490] All four subsequently received approximately $70 billion in taxpayer assisted [[bailout]] money from the [[TARP]] program.<ref>[http://www.nytimes.com/imagepages/2008/10/14/business/14bailout.graphic2.html ''Beneficiary Banks'', New York Times. 2008-10-14.]</ref>  [[UBS AG]], a foreign bank and the 13th largest donor to Obama, was fined $780 billion in February 2009 in a U.S. Federal Court on charges it helped thousands of wealthy Americans evade taxes.<ref>[http://www.investmentnews.com/article/20090219/FREE/902199983]''UBS fined $780 million in tax evasion scandal, Investment News, February 19, 2009.</ref>

According to Opensecrets.org, of the 671,269 contributions to Obama between 2003 and 2008, [[Goldman Sachs]], [[JP Morgan]], [[Citigroup]], and [[Morgan Stanley]] are among the Top 20 biggest money donors to Obama's campaigns. [http://www.opensecrets.org/politicians/contrib.php?cid=N00009638&cycle=2008][http://www.votesmart.org/finance.php?can_id=9490] All four subsequently received approximately $70 billion in taxpayer assisted [[bailout]] money from the [[TARP]] program.<ref>[http://www.nytimes.com/imagepages/2008/10/14/business/14bailout.graphic2.html ''Beneficiary Banks'', New York Times. 2008-10-14.]</ref>  [[UBS AG]], a foreign bank and the 12th largest donor to Obama,<ref>http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638</ref> was fined $780 billion in February 2009 in a U.S. Federal Court on charges it helped thousands of wealthy Americans evade taxes.<ref>[http://www.investmentnews.com/article/20090219/FREE/902199983]''UBS fined $780 million in tax evasion scandal, Investment News, February 19, 2009.</ref>

=== FEC filing ===

=== FEC filing ===