(CNN) – President-elect Barack Obama’s transition team released its donor list Monday as part of a pledge to “to run the most open and transparent transition in history,” according to a written statement from the transition.
According to the statement, almost $1.2 million had been raised from 1,776 donors as of November 15. While Congress has appropriated $5.2 million for the transition, Obama’s team anticipates overall transition costs of roughly $12 million. The estimated $6.8 million funding gap will be closed by private donations — a task complicated by Obama’s strict limitations on both sources and amounts that can be given by any individual.
“The Obama-Biden Transition project only accepts contributions from individuals’ personal funds – we refuse all donations from corporations, labor unions, and PACs,” the statement noted. “Individuals may not donate more than $5,000. We also refuse all contributions from registered federal lobbyists and registered foreign agents.”
Last week, on Tuesday, the newly-named co-chairs of Obama’s inaugural committee — former Commerce Secretary William Daley, Obama campaign finance chair Penny Pritzker, national finance director Julianna Smoot, businessman John W. Rogers, and Republican Patrick Ryan — released a joint statement that the transition effort would not accept individual donations higher than $50,000.
For the past 20 years, federal funding requirements have called for transition teams to release a list of donors. That disclosure is not required until 30 days after the inauguration, but Obama has pledged to release those names on a monthly basis.
I love this man!
He will be excellent for our country.
He still hasn't released is campaign donor list. Now that would be transparency. We could see how many fake names donated because Obama disable basic security for on-line donations. Where was the press to report that? Journalism is dead.
Transperancy WE can believe in !!
Change is HERE !!!
Anyone want to bet on how long it'll be before someone like Rush or Hannity tries to claim that one of the donors is the third cousin of a suspected terrorist (or something to that effect)?
Funny, so he'll give out all the names of the people that gave to his transition team, but he wont' release the names of those who gave to his campaign.. Funny, it's probably riddled with foriegn names and hamas supporters..
You gotta love this!!!! Way to go B.O.
Obama has been very impressive in being very thoughtful and methodical in what ever he has done so far. You may not have voted for him or even like him, but he deserves credits for his intelligence, cool, calm and pragmatism.
In the interest of our country, whether you like him or not, please support our new president, in these challenging times.
GIVE HIM A CHANCE PRAY FOR HIM.
IF HE FAILS WE FAIL!!
Why is it that the treasury doesn't cover these costs? Isn't that the basis of a government by the people, one that we fund through our tax dollars? Don't we all have a vested interest in the smooth transition of power? It seems silly that our President-elect should have to seek donations to fund this transition.
Yes, I will give. I will believe in a better country and work for it. I will give to celebrate the dawn of a new era of open, frank discussion between intelligent and well meaning people.
This is the reflection of a man who believes that the government is to be held accountable by its people. Obama is putting his money where his mouth has been. I'm more impressed as each day goes by, and with everything I hear about this new administration.
ohh I get to see my name in print.. but even this will not be enough for the radical right, they will poor over it and find someone in jail for drugs, or someone who spoke pout against bushie and has been labelled a traitor by the repubs or someone related to someone who knows someone who once met a guy who lived in Iran and is therefore a traitor or worse yet he will find out that an American Muslim donated and therefore he got money from a radical islamist.. idiots
one funny guy.........
So..................big deal.............and who cares what this jerk does? Obama has not earned, nor should he be President.
Well then, I guess I'll keep on donating. I made my first donation on the day Obama formed his Presidential Exploratory Committee, so it only stands to reason that I continue to donate through the transition. MY MAIN MAN OBAMA.....OH YEAHHHHHHHHHHHHHHHHHH!!
As Thomas said:
Could anyone imagine Bush/Cheney being so open? Of course not because they would have a lot of explaining to do about where THEIR monies came from!
Funny the naysayers who have something negative to say on every other topic are strangely silent on this one; even they can't make up anything outlandishly negative on the first real policy Obama has begun to implement.
Change you can count on and believe in!!
Be positve. He will handle anything that comes his way. He has already proven that. The man is Brilliant!!!!!!!!!!!!!
Man, I am glad that my first vote for our U.S. President was on Barack Obama. Never before was the choice so compelling.
Thanks for the laughs W.....I will miss them. I guess I am a narcissist; war, poverty, natural disaster, terrorism, and global warming, the list keeps growing.......good times....good times.
And now if he'd release his campaign donor list for those who supposedly gave under $200 each, we'd have something of value.
Thanks CNN, keep up the good work.
What are all you people smoking? Obama being transparent? He released the list of 1.2 million donors for his transition parties, but what about the donors for his presidential campaign? Of the more than half a billion dollars he raised during the campaign, most of the money nobody has any idea where it came from. He has returned illegal contributions to Africans and Palestinians, but what about the rest of the donor list? It has never been released or audited and it never will be. Transparent? Don't make me laugh.
Do you people even understand welfare? Welfare is not what is used to be back in the 80's. People don't just get "handouts". Maybe some of you should go back and read some legislation. Welfare rolls have dropped 50 percent over the last 15 years. It's not as easy as it used to be!
A Texas Caseworker.
What a joke. This disclosure is required by law but somehow the press regurgitates the news release without any objective analysis. His appointments give reason to be optimistic, but this story is plain dumb. Congrats and lowering our collective intelligence with this article.
This is what Democracy is all about - government of the people, for the people, and by the people!
And because of his stance I will be more than happy to continue to support this man's presidency. If he can keep up with the good works he has started before even taking office, all he is going to have to do is ask me and he'll receive. I am so happy to be alive to see this presidency unfold.
Glad my name is there.