Originally Posted by
Epoch
3) He received 120K in small donations from Fannie Mae / Freddy Mac employees- Fact
4) If people have donated individually the same amount that my mother has to his campaign (To pick a loose but real world number), then it would take less than 300 individual donations from people who work for Fannie Mae and Freddy Mac to match 120K. To match what I have donated, it would take about 500.
5) Both of those companies have over 5,000 employees each. So, assuming they have only 5K each (for math sake), and just assume 50% are democrats (for math's sake), if each democrat only donated $25 bucks, then the 120K number would be exceeded.
Recipients (receiving more than $25,000)
of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008
Name Office State Party
Grand Total
Total from PACs
Total from Individuals
Dodd, Christopher J S CT D $165,400 $48,500 $116,900
Obama, Barack S IL D $126,349 $6,000 $120,349
Kerry, John S MA D $111,000 $2,000 $109,000
Bennett, Robert F S UT R $107,999 $71,499 $36,500
Bachus, Spencer H AL R $103,300 $70,500 $32,800
Blunt, Roy H MO R $96,950 $78,500 $18,450
Kanjorski, Paul E H PA D $96,000 $57,500 $38,500
Bond, Christopher S 'Kit' S MO R $95,400 $64,000 $31,400
Shelby, Richard C S AL R $80,000 $23,000 $57,000
Reed, Jack S RI D $78,250 $43,500 $34,750
Reid, Harry S NV D $77,000 $60,500 $16,500
Clinton, Hillary S NY D $76,050 $8,000 $68,050
Total $4,844,572 $3,017,797 $1,826,775
The fact that 10,000 people from one specific company gave $120K to one presidential candidate seems very suspicious to me. The fact that they were able to contribute $4.8 million for various political campaigns over 20 years also seems very suspicious to me. I've worked for several companies who had employees totalling 40,000 people -- and we've never come close to approaching those kinds of numbers. Most folks wouldn't give a dime to any politician (even the ones that they like).
Why is Fannie Mae/Freddie Mac so heavily involved in politics?
And why are their contributions so heavily favoring one particular political party?