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Posts Tagged ‘fundraiser’

These folks protesting Obama in the pictures above and below are not Tea Party folk. They’re labor unionists, environmentalists and other citizens deeply concerned about Obama’s financial ties to the 1 percent, most notably Big Pharma, Big Oil, Big Publishing, the Genetically Modified Poison Industry, and Wall Street tycoons. This protest is taking place in LaJolla, California. President Obama was at a fundraiser, getting representatives from Big Pharma, Big Oil, Wall Street and lesser financial interests to pony up some big campaign contributions. The political fundraiser took place at the La Jolla home of Qualcomm co-founder Irwin Jacobs.

House Minority Leader Nancy Pelosi was scheduled to join Obama at the $10,000-per-person lunchtime fundraiser in La Jolla to benefit the Democratic Congressional Campaign Committee. Couples who donate $32,400, the legal maximum, will be invited to a VIP reception and photo opportunity.

Jacobs, whose estimated net worth is $1.6 billion, was one of the top five financial supporters of Obama’s reelection campaign in 2012. He stepped down as chairman of Qualcomm — the mobile chip maker — five years ago.

Needless to say, the protesters couldn’t afford to contribute so much money, and so they weren’t going to get their voices heard, except by standing outside with signs.

Obama’s not happy his big income redistribution scam known as the Trans Pacific Partnership (TPP) is stuck in congress, due to grass roots activism, like that pictured above and below. The TPP will redistribute income from the 99 to the 1 percent by raising the prices of pharmaceutical drugs, reducing regulations on Wall Street, wiping out numerous American industries (like the remains of the US textile industry, sending millions of jobs overseas, and driving millions more undocumented immigrants into the USA, thereby pushing wages here lower. And these are just a few of the things that have been leaked from this secretly negotiated trade treaty, which is much to Obama’s liking, since the treaty negotiations are operating under his orders. By the way, a lot of Democrats in the Senate and the US House of Representatives, as well as all of the Republicans, like the terms of this treaty. This is especially true of Wall Street Senator Ron Wyden.

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Warren Buffett to host Fundraiser for Obama

From Bloomberg News….

Billionaire Warren Buffett plans to hold a Sept. 30 fundraiser in New York City to benefit President Barack Obama’s re-election bid, according to two Democratic officials not authorized to speak publicly about the event.

The fundraiser, reported earlier by the New York Post, will also feature former Obama economic adviser Austan Goolsbee.

Obama, who is preparing for a post-Labor Day speech about his plans for stimulating the economy, spoke with Buffett Aug. 22 by phone from his vacation on Martha’s Vineyard as he works to gather ideas on how to boost job creation and spur growth.

The chairman and chief executive officer of Berkshire Hathaway Inc. (BRK/A) has been a longtime Obama supporter. He hosted an August 2007 fundraiser in Omaha, Nebraska, for Obama and has served as an informal economic adviser.

Obama has cited Buffett to counter critics of his policies, particularly on raising taxes for the nation’s wealthiest individuals and families. Buffett has called for higher taxes for wealthy Americans including himself.

During his bus tour last week through rural areas of Minnesota, Iowa and Illinois, Obama quoted from a New York Times opinion article in which Buffett wrote that the nation’s richest individuals have been “coddled long enough by a billionaire- friendly Congress.” Buffett argued for raising taxes for the “mega-rich” in the U.S.

Buffett has primarily supported Democratic candidates, including giving the maximum allowed by law during the 2008 campaign to both Obama and the Democratic National Committee.

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