Obama Campaign Has No Security to Bar Illegal Foreign Donations

Las week, I noted that the Obama campaign was bragging that it was closing in on the 10 millionth donation to its reelection efforts. It was a clear sign that, this year, they were surpassing their record-breaking haul of on-line donations in 2008. But a blockbuster new report from the Government Accountability Institute (GAI) raises serious questions about the legality of many of the on-line donations to Obama. It appears as though the Obama Campaign has the perfect portal for illegal foreign donations (visit campaignfundingrisks.com to download the full report).

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The most revealing finding in the report is that the Obama campaign has chosen not to use industry-standard verification methods for its on-line contributions. In fact, the campaign has to pay higher fees to credit card companies because they don't use these methods. So, the campaign is paying millions of dollars for the privilege of not utilizing basic security procedures. Why would they do this?

The clear implication is that they will reap more money without these security procedures than they would with them. Democrats are only wasteful with other people's money. To some extent, then, they are knowingly collecting on-line donations that would otherwise be rejected by basic security protocols. Hmm.



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The past several months have seen the price of gold slump even as the Fed and other central banks have accelerated their massive expansion of paper money. Gold is off about 20% so far this year with silver down almost 30%. The old adage--“don’t fight the Fed”--particularly comes to mind now because the US equity markets have been setting new highs during this same period. All of these gains are nominal, you understand, but for terrified American policy makers and investors, nominal is just fine.

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