In 2008, Candidate Obama made the following promise,
From he NY Times Article Obama’s Backers Seek Big Donors to Press Agenda
However, as recently reported by the L.A. Times and New York Times, Obama is exploiting a lack of precedent, legal loopholes, and tax-exempt status to re-organize his election campaign into a national advocacy group. Specifically, President Obama is soliciting a "a select group of donors who will each contribute or raise $500,000 or more" to obtain a position on the Board of Organizing for Action.Ban registered lobbyists from working in the administration on areas in which they have lobbied over the previous two years and bar officials who leave the administration from lobbying the executive branch for the duration of Obama's presidency
From he NY Times Article Obama’s Backers Seek Big Donors to Press Agenda
From the L.A. Times article, Obama advocacy group OFA solicits high-dollar bundlers for supportPresident Obama’s political team is... raising $50 million to convert his re-election campaign into a powerhouse national advocacy network...with few clear rules, ample potential for influence-peddling, and no real precedent in national politics...Giving or raising $500,000 or more puts donors on a national advisory board for Mr. Obama’s group and the privilege of attending quarterly meetings with the president, along with other meetings at the White House. Moreover, the new cash demands on Mr. Obama’s top donors and bundlers come as many of them are angling for appointments to administration jobs or ambassadorships...Many traditional advocacy organizations, including the Sierra Club and the National Rifle Association, are set up as social welfare groups, or 501(c)(4)’s in tax parlance. But unlike those groups, Organizing for Action appears to be an extension of the administration, stocked with alumni of Mr. Obama’s White House and campaign teams and devoted solely to the president’s second-term agenda.
Leaders of Organizing for Action...are courting his top campaign bundlers to be part of a high-dollar fundraising network that will help finance the work of the nascent organization...Bundlers will probably be asked to raised $500,000 to be part of the committee. Such top fundraisers will get perks in return.