Saturday, November 08, 2008

Praetorian Guard; Obama 501(c)(4); "Obama/Biden Transition Project"

The Praetorian Guard pre-election prediction is found here in the final bullet point.

The fulfillment of this prediction is already taking place:
Lost amid all of the jubilation of the Obama victory was the announcement by the Obama transition team that it had set up a separate transition program beyond the one that is paid for by the American taxpayer. Called the "Obama/Biden Transition Project," it is a 501(c)4 tax-exempt organization, with no limits on the contributions it can receive and no requirements to divulge the names of individuals or organizations that give it money.
. . . .
No one is certain that any political organization has ever set up a tax-exempt entity that would be shrouded in such secrecy, particularly when Obama claimed he would be more transparent about the way things were done.

"To my knowledge, it's never been done, and people should be asking why the Obama people chose to do it this way," says a longtime Washington Republican, who has been involved in transitions for the Reagan and Bush campaign teams.
As well, the nonprofit may also serve as a haven for Obama supporters and campaign loyalists who for one reason or another can't be employed by the Administration or in the federal government. "There are some people who have been with us from the beginning who are clearly political liabilities or who won't be able to qualify for a job, say, because they can't get a security clearance," says another aide, who was unaware of the unique Obama transition project's tax status.

Regardless of the purpose, Obama campaign officials say there is no intention of shutting down the 501(c) 4 Project after the transition is over.
emphasis added

H/T Atlas Shrugs.

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