Upper Left Coast

Thoughts on politics, faith, sports and other random topics from a red state sympathizer in indigo-blue Portland, Oregon.

Tuesday, September 09, 2008

Fannie & Freddie like Democrats

Over the last 20 years, Fannie Mae and Freddie Mac have given more to current or former Democrat candidates for president (to the tune of hundreds of thousands of dollars) than to any other members of Congress.

Sen. Christopher Dodd of Connecticut, chairman of the Senate banking committee, has pulled in $133,900, followed by Sen. John Kerry ($111,000), Sen. Barack Obama ($105,849) and Sen. Hilary Clinton ($75,550). Like in Dodd's case, many of the millions of dollars from Fannie & Freddie have gone to those on committees that regulate the industry; they have been more likely to help whichever party in control of Congress at any given time.

What's most impressive about this is the fact that Dodd and Kerry have been senators for the duration of that 20 years, so it's not so surprising that they might have pulled in decent amounts. But Obama did it in less than four years, and Clinton in less than eight.

The top Republican, at No. 6 on the list, was Sen. Bob Bennett of Utah ($61,499). And at No. 25 was Oregon Rep. Darlene Hooley, who earned $28,750 during her six terms in the House.

Overall, Democrats made up 16 of the top 25 recipients, and have received nearly a million dollars ($966,778); Republicans (with five members in the top 12) pulled in less than half that amount ($419,648).

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  • At 9/11/2008 9:12 PM, Blogger Vinny said…

    Wasn't John McCain's campaign manager a paid lobbyist for Fannie Mae?

  • At 9/11/2008 10:04 PM, Blogger Ken said…

    Hmmm...I don't know. But which would you rather have? A campaign manager who used to be a lobbyist (and by the way, wasn't Jim Johnson, the man in charge of Obama's VP selection, a former Fannie Mae CEO?) or a presidential candidate who has taken more from Fannie & Freddie than any other politician in history?

    On a per-year basis, Obama cleans up -- he pulled in more than $2,400 from Fannie & Freddie for every month he's been in the senate, compared to $821 per month for Hilary, $557 per month for Dodd and $462 per month for Kerry.


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