Thursday, July 31, 2008

McCain Says Anything To Big Oil For Big Contributions

Despite the McCain's desperate attempts to still have their candidate labeled as a maverick, more and more people (including some in the press) are realizing that the Straight Talk Express had derailed a long time ago. One item he was adored for previously was his tough talk against special interests and for campaign finance reform. Now, in regards to the oil industry, he'll do and say anything to get the big petro-contributions....and boy are they coming in.

From ThinkProgress:

Sen. John McCain (R-AZ) has made his complete reversal on offshore drilling a centerpiece of his presidential campaign, insisting that expanding offshore drilling into protected areas would lead to more oil supply on the market “within a matter of months” — regardless of the Energy Information Agency’s projection that oil would not reach the market for nearly a decade and “would not have a significant impact” on oil prices.

Though more drilling won’t help Americans save money at the gas pump, it has certainly helped McCain win massive campaign donations from Big Oil. A new report by Campaign Money Watch shows that contributions to McCain from Big Oil skyrocketed directly following his June speech in Houston, when he pledged his support of offshore drilling before an audience oil executives. The report notes:

In Texas alone, June oil and gas-connected donations to McCain’s Victory ’08 Fund, his hybrid fundraising venture with the RNC and state committees, reached $1,214,100.

Of that total, $881,450, or 73 percent, came after June 15. McCain announced his position in favor of offshore drilling on June 16.


Now that my friends, is the way old Washington works. With record profits being recorded by ExxonMobil, Chevron and others, a few hundred thousand in "investments" is nothing compared to the ridiculous profits they are and will continue to make as long as George Bush's third term commences under John McCain.