The President would not discuss the exact terms of the contract extensions, but informed sources tell us that in exchange for an undisclosed lump sum cash payment, the President will receive generous campaign contributions in 2012.
In exchange for this the President has agreed to shamelessly promote these corporations and to supply taxpayer funded bail-outs whenever they have a bad year. Which happens pretty often. This will effectively remove all risk for them, and give them a huge competitive advantage.
There are also unconfirmed reports that a retirement fund has been set up for President Obama, with a pension of approximately $100,000 per month for the rest of his life. This pension will be funded by the stockholders of these various corporations.
The actual list of Obama Corporate Sponsors is intended to be confidential, but it's hardly any secret that Goldman Sachs, GE, AIG, Progressive, JPMorgan, Berkshire Hathaway, Microsoft, Google and GM are among the corporations sponsoring the Obama Presidency.
|Buffet goes over SOTU script with President Obama|
"He has been a better investment than we had hoped in our wildest dreams. He's bright, articulate and clean, and he will do anything we ask him to do. You really can't ask for more than that in a President."