Obama Says There’s Too Much Money in Politics. He Must Forget About All His PACs.

By NTK Staff | 05.25.2017 @3:36pm

The former president seems to forget about the over $200 million he is directly responsible for bringing into American politics.

Former President Barack Obama declared that there is too much money in American politics while accepting an award in Germany on Thursday, but Obama failed to mention that he is responsible for much of that unaccountable money.

“When trust in our institutions is low, we should reduce the corrosive influence of money in our politics. We should insist on the principles of transparency and ethics in public service,” Obama told the crowd.

Obama continued, “there is no doubt that in America there is too much money in politics.”

Priorities USA Action, which is the largest Democratic super PAC, was founded in 2011 to support then-President Obama’s reelection campaign and raised over $65 million. In 2016, the group backed Hillary Clinton’s campaign and raised over $130 million.

After Obama’s successful 2012 campaign Obama’s campaign spun off into a nonprofit 501(c)(4), Organizing for Action (OFA).

501(c)(4) organizations like OFA are not required to disclose their donors publicly and are able to accept unlimited contributions. OFA has raised $40 million since its inception.

Then there’s the matter of the National Democratic Redistricting Committee (NDRC), which was started by Obama’s Attorney General Eric Holder before Obama left office.

NDRC is organized as a not-for-profit 527 organization, meaning it is limited in how much money it can accept and has to disclose its donors. Obama has said previously that he will be involved with NDRC.

So while Obama says there is too much money in American politics, maybe he should look in the mirror as one reason why there is so much money in American politics.

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