Who’s Making A Bundle On America’s Downfall?
[Editor’s note: Today’s morning mail included the article below by Zach Carter at CFAC. It included some wonderfully revealing graphics and charts showing which members of congress are benefiting from the financial rape of America and the destrucion of our middle class by the Sauronic villains of Wall Street.
Crony Capitalism: Wall Street’s Favorite Politicians
By Zach Carter
A full 90 members of Congress who voted to bailout Wall Street in 2008 failed to support financial reform reining in the banks that drove our economy off a cliff. But when you examine campaign contribution data, it’s really no surprise that these particular lawmakers voted to mortgage our economic future to Big Finance: This election cycle, they’ve raked in over $48.8 million from the financial establishment. Over the course of their Congressional careers, the figure swells to a massive $176.9 million.
The complete list of these Crony Capitalists is below, along with the money they pulled in from Big Finance, according to data compiled by the Center for Responsive Politics (opensecrets.org). The career data goes back to 1989. Of the 69 House members who voted with Wall Street on both the bailout and financial reform, 60 are Republicans, while nine are Democrats. All 21 Senators who voted with Wall Street on both issues are Republicans, and Republicans raked in over 90 percent of the total campaign contributions. [At right above] is a chart showing Wall Street’s total contributions to this crowd for the 2010 cycle, by political party:
And here’s one showing total Wall Street contributions over the course of their careers:
Read the rest at Crony Capitalism: Wall Street’s Favorite Politicians | OurFuture.org.