Saturday, April 05, 2008

FactCheck.org: Obama Misleading About Oil Company Support

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.

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