There’s a nasty narrative out there that Republicans are a bunch of smoke-filled backroom fat cats who care only about lining their pockets and those of their friends.
And that narrative would be wrong.
During the Obama administration, contracts, access and benefits galore were handed out to Democrat-run operations and their fellow travelers at a rate unseen before in the U.S.
And the latest example of that inside dealing was GMMB, the DC-based ad firm that handled Obama’s campaign ads.
After he was elected, the firm unsurprisingly won federal ad contracts to the tune of nearly 60 million bucks.
To top that off, Obama for America ran well over half a billion in ad buys through GMMB.
And lots of Democrat operatives were standing along the way lining their pockets.
So much for Democrats and the little guy.
Here’s more from Daily Signal…
Barack Obama’s presidential campaign advertising agency received nearly $60 million in federal contracts after he took office, according to an analysis by The Daily Caller News Foundation Investigative Group.
The gravy train for the Washington, D.C.-based ad agency, GMMB, hasn’t slowed since President Donald Trump’s inauguration, the analysis found. The liberal Democratic communications powerhouse was awarded nearly $15 million in a new contract in June, five months after Trump entered the Oval Office.
GMMB received a total of $58.4 million in federal contracts from 2009 to 2017, according to USASpending, which tracks federal spending through contracts, grants, loans and other forms. GMMB’s annual revenue is an estimated $32.6 million, according to D&B Hoovers, a private business research and rating firm.
Jim Margolis joined fellow Democrat Frank Greer in GMMB in 1985. Since then, Margolis has been one of the Democratic Party’s top media strategists.
Margolis was lead advertising strategist and adviser for former President Bill Clinton and Obama, and for the 2016 Democrat nominee Hillary Clinton, which delivered considerable profits for GMMB. Margolis also produced the 2008, 2012, and 2016 Democratic National Conventions, and was the co-producer of Obama’s two inaugurations.
Obama’s presidential campaign, “Obama for America,” disbursed to GMMB upward of $700 million in media buys for his 2008 and 2012 campaigns combined, according to filings reported by the Federal Election Commission. GMMB confirms this amount on the company’s website, stating Margolis oversaw “each cycle’s half-billion dollar advertising effort.”
The overwhelming majority of the $58 million in federal contracts funneled to GMMB came from the Consumer Financial Protection Bureau, created by Sen. Elizabeth Warren, D-Mass., in 2011. The Consumer Financial Protection Bureau awarded the advertising agency a whopping $43.7 million, about 75 percent of its total federal funding stream.