FactCheck.org: Obama’s Oil Spill
April 1, 2008
In a new ad, Obama says, “I don’t take money from oil companies.”Technically, that’s true, since a law that has been on the books for more than a century prohibits corporations from giving money directly to any federal candidate. But that doesn’t distinguish Obama from his rivals in the race.
We find the statement misleading:
- Obama has accepted more than $213,000 from individuals who work for companies in the oil and gas industry and their spouses.
- Two of Obama’s bundlers are top executives at oil companies and are listed on his Web site as raising between $50,000 and $100,000 for the presidential hopeful.
UPDATE: Having now seen the ad here, I’m struck by another blatantly misleading statement. The Senator implies that between the gas crises of the ’70s and today “nothing has changed.” In fact, an amazing amount has changed – for better and for worse – regarding our energy usage, the oil economy, the geopolitical situation, and the nature of politics and political financing in the US. I’m not even sure what Obama means to get at with this statement.