ERRP Payments & Campaign Donations

 Obama's victory in the 2008 general election was aided by his tremendous fund-raising success.

A number of President Obama's top donors received ERRP checks from the federal government.  ERRP stands for Early Reitree Reinsurance Program.  It's a $5 billion pot of money which effectively takes on employer's retiree health care risks, at least a big chunk of it.

. . Early Retiree Reinsurance Program Recipient ERRP Payments as of 3-31-11 2008 Obama Campaign Contributions (PAC) ERRP Return on employee contributions . . GE $36,607,818 $499,130 7334% . Skadden Arps $102,819 $530,839 19% . Harvard University $441,297 $854,747 52% . Citigroup $1,767,406 $701,290 252% . JP Morgan Chase $2,922,102 $695,132 420% . IBM $12,989,690 $528,822 2456%

It's a tale of two lists, donor and ERRP recipients.GE paid no federal taxes the last two years, while getting their $36.6 million ERRP gift.  How much will GE CEO Jeff Immelt pony up for insider access to the White House?  We'll soon find out.