In 2008 Obama became the first presidential candidate since 1974 to bypass federal financing for a general election. Had he participated in the program Obama would have been given $84 million by the federal government to spend on his election campaign, but with strict spending limits. After raising $266 million through April 2008 it was pretty clear he could do a heck of a lot better raising money on his own.
Obama’s pledge to “pursue an agreement with the Republican nominee to preserve a publicly financed general election” turned out to be as solid as his commitment to Rev. Wright. Like a true Democrat statesman, Obama blamed the decision on his opponents: “The public financing of presidential elections as it exists today is broken, and we face opponents who’ve become masters at gaming this broken system.”
One advantage of bypassing federal money was the reporting requirements for a self-financed campaign are a lot looser than for those that accept public funds. This put Obama on the honor system when it came raising cash, an ethical bar that turned out to be far too high for the good Senator.
For reasons most consider obvious, since 1974 it has been illegal for U.S. politicians to accept campaign contributions from foreign nationals. And yet a comprehensive review of Obama’s campaign fund by Pamela Geller of Atlas Shrugs identified thousands of Obama contributers from just about every country on Earth including “Hong Kong, Rio de Janeiro, Sydney, Zurich, Ragusa, Amsterdam, Hamburg, Uganda, Mumbai, Nagoya, Tunis, Zacatecas, St, Croix, Mississiauga, Laval, Nadi, Behchoko, Ragusa, DUBAI, Lima, Copenhagen, Quaama, Jeddah, Kabul, Cairo, Nassau (not the county on Long Island, lol), Luxembourg (Auchi’s stomping grounds), etc, etc, etc.”
Many of the foreign entries “ended in cents”, which suggested to Geller “evidence of foreign contributors, since Americans living overseas would almost uniformly be able to contribute dollars.” All it took to get past the Obama watchdogs was checking a box on the campaign website that stated you were an American citizen, no proof necessary. On the other hand McCain and Hillary Clinton required all foreign donations be processed through proper channels where they could be vetted to ensure they were from eligible citizens. According to American Thinker, “McCain’s records are nothing like Obama’s. McCain’s are so clean. No cents, all even dollar amounts.”
Geller’s reporting was duly ignored by the main stream media until she uncovered the “story of ‘Palestinian’ brothers from the Rafah refugee camp in Gaza who donated $33,500 to Obama’s campaign.” Apparently large money contributions from a terrorist controlled territory didn’t raise any alarms in the Obama camp. Before you could utter the words Death to America, “Obama’s campaign immediately scrambled and contended they had returned the $33,500 in illegal contributions.”
Reports of foreign money flooding the Obama coffers abounded. “The FEC has compiled a separate database of potentially questionable overseas donations that contains more than 11,500 contributions totaling $33.8 million. More than 520 listed their “state” as “IR,” often an abbreviation for Iran.”
But it wasn’t just funny money from the Middle East that was freely accepted by the Obama campaign, they also turned off all security systems on their credit card processing webpages to allow illegal domestic donations as well. As reported by Doug Ross:
It turns out that the Obama campaign’s crack team of fundraisers decided to turn off all security validation for credit-card donations. Want to enter the name Pedro Martinez when the credit-card belongs to Arnold Fizbin? Need to use the ZIP code 99999 when the card owner’s ZIP is 02154? No problem! The Obama campaign doesn’t care!
Repeat donors who had maxed out their legally allowed limit of $4,600 were ignored. “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.” Along with generous contributions from Mickey Mouse and The Flash, The Center of Responsive Politics estimated that up to $200 million of Obama’s over $800 million fundraising total could have come from illegal sources.
In 2011 the Federal Election Commission announced that they were auditing the 2008 Obama campaign books. Rather than investigate the tens of millions in clearly illegal foreign donations or a multitude of other indications of financial impropriety, the scope of their review was mysteriously limited to donations over $1,000 that had not been reported within 48 hours as required by law. With the chips stacked in Obama’s favor, the FEC declared that almost $2 million in the last 30 days of the race had not been properly reported and, other than that minor caveat, they gave the 2008 Obama campaign a clean bill of health.