Obama's Oil Spill

FactCheck by Viveca Novak, Justin Bank | Apr. 1, 2008 (Special Report)
Obama says he doesn't take money from oil companies. We say that's a little too slick.

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 ... Full Story »

Posted by Leo Romero

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Subjects: Politics, Business, U.S.
Topics: Presidential Election 2008, Democratic Nomination, Obama Administration, Money and Politics, Oil and Gas, Democratic Party
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Posted by: Posted by Leo Romero - Apr 1, 2008 - 5:23 AM PDT
Reviewed by: Leo Romero (review), Kaizar Campwala (review), Erin Cahill (review), Julian Friedland (review)
Edit Lock: This story can be edited
Edited by: Kaizar Campwala - Apr 1, 2008 - 8:09 AM PDT
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3.5
 by Kaizar Campwala - Apr. 1, 2008

Obama was clearly being misleading in his statement. BUT, it's also important to consider that as a proportion of the money he's raise in total, oil contributions are barely a blip.

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4.0
 by Leo Romero - Apr. 1, 2008
Leo posted this story.
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3.5
 by Julian Friedland - Apr. 1, 2008

This is a little unfair. Maybe he meant oil lobbyists. Regardless, everyone knows (or should) that corporations give plenty to political parties during election cycles and that most of this money gets funnelled into funding the presidential candidates. Obama may still be able to deny using any of those funds should he become the nominee. If that's what he plans to do, he should have made it explicit.

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4.0
 by Erin Cahill - Apr. 1, 2008
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