Big Money Funding Obama as Well: Ties his Hands

Money is the root of all evil in American politics. It is the reason why, if elected President, Barack Obama won't be able to effect the change he sincerely seeks. Those big donors supporting the Illinois Senator expect something in return. Even a candidate meaning well is forced to sell his or her soul. It is why the last 2 Presidents have been scum:

Sen. Barack Obama credits his presidential campaign with creating a "parallel public financing system" built on a wave of modest donations from homemakers and high school teachers. Small givers, he said at a fundraiser this week, "will have as much access and influence over the course and direction of our campaign that has traditionally been reserved for the wealthy and the powerful."

But those with wealth and power also have played a critical role in creating Obama's record-breaking fundraising machine, and their generosity has earned them a prominent voice in shaping his campaign. Seventy-nine "bundlers," five of them billionaires, have tapped their personal networks to raise at least $200,000 each. They have helped the campaign recruit more than 27,000 donors to write checks for $2,300, the maximum allowed. Donors who have given more than $200 account for about half of Obama's total haul, which stands at nearly $240 million.

Obama's success in assembling bundlers offers another perspective on a campaign that promotes itself as a grass-roots effort. While the senator from Illinois has had unprecedented success generating small donations, many made online, the work of bundlers first signaled the seriousness of his candidacy a year ago and will be crucial as he heads into the final Democratic primaries with a lead against Sen. Hillary Rodham Clinton (N.Y.).

The bundler list also sheds light on those who might seek to influence an Obama White House. It includes traditional Democratic givers — Hollywood, trial lawyers and Wall Street — and newcomers such as young hedge fund executives, Silicon Valley entrepreneurs, Chicago-based developers and members of the black business elite. One-third had never contributed to a presidential campaign, much less raised money.

California cash
The list includes partners from 18 top law firms, 21 Wall Street executives and power brokers from Fortune 500 companies. California is the top source, with 19 bundlers. Both Illinois and Washington, D.C., have six, and five hail from New York.