Obama returns Corzine contributions (not really)

Fox News reports:

President Obama’s re-election campaign and the Democratic National Committee have returned more than $70,000 in contributions from former New Jersey Gov. Jon Corzine following the collapse of MF Global, Corzine’s financial firm, officials said Friday.

This is all about optics. The president decided it would look bad to keep campaign contributions from a man whose company stole $1.2 billion (and who personally fought against reforms that would have helped prevent the theft), and that he can afford to spare $70 thousand. However, Corzine’s personal contribution is just a drop in the bucket; Corzine’s real contribution was all the other money he could deliver:

Corzine was among Obama’s top fundraisers, raising at least $500,000 for Obama’s re-election campaign since April, according to records released by the campaign. The former Goldman Sachs chief held a fundraiser for the president last April and was considered a main Obama emissary to Wall Street.

None of that money is getting returned. He can spare $70 thousand, but half a million is another matter. He’s betting no one will pay attention to that. He isn’t even returning the other contributions from MF Global:

One of the Democratic officials said the campaign and DNC would evaluate whether to return donations from other MF Global employees on a case-by-case basis.

Three other top executives at MF Global also gave the maximum.

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