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Saturday, April 17, 2010

Obama's $1M from Goldman in 2008 was a record for any company

[Originally posted at Beltway Confidential]

President Obama has portrayed himself as the scourge of Wall Street, but that's not how Goldman Sachs's employees and executives saw in in 2008. In his successful White House bid, Obama had no better source of funds: He raised $996,595 from people identifying Goldman as their employer.

Let's put that number in perspective:

  • It's the most any politician has raised from a single company since campaign finance reform.
  • It was four times what John McCain raised from Goldman.
  • It's more than the combined Goldman Sachs total of every Republican in 2008 running for President, House, and Senate.

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