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.
As you mull over for whom you’ll vote in the midterm election you may want to keep Zach’s article in mind, you know… to compare. Bob Higgins ]
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.
Sally Kohn: An Ideological Intervention: Tax Cuts for the Rich
[Editor’s note: Sally Kohn of Movement Vision Labs posted this excellent and hilarious video at Huff Post before lunch. It’s the best, the most concise post I’ve read dealing with ending the Bush tax cuts, and it’s in layman’s language so I totally understood it. I think you will too. I think I have permission to run it, but it’s so good I’m going to take a chance before I hear from her. Bob Higgins]
How stupid is the idea of extending tax cuts for the top 1% of Americans and further draining resources for the average, hard-working Americans?
To find an analogy, you need look no further than your own hand. Check out my latest popular education 101 video about why cutting taxes for the rich in the midst of our economic crisis is bad for you and our overall body politic. Sally Kohn
This Dark Age Must End
Illustration: Kollwitz, The Propeller
Having shown over the last seven months, since taking control of the legislative branch that they are at least equal to the Republicans when it comes to avarice, the Democrats set out this past weekend to demonstrate that, when it comes to cowardice, to blatant, unmitigated, ass covering politics they are every bit a match for Republicans.
Who impeaches the Congress? What in our Constitution protects the citizens of this country from a completely rogue government? When all three branches have abrogated their constitutional obligations, who will stand up for, who will represent the people of the United States?
Where must we search, to whom do we go for protection from the power of the wealthy corporate classes who are stealing our wealth, our livelihoods, and our future, who are spitting on our laws and our history as they sacrifice our Children and Grandchildren on the profane altar of their greed, in their eternal wars for profit and power?
Where is the opposition? Where do we go for redress of grievances when every institution of government is in the hands of the enemies of the people?
After suffering through five long years of watching a rogue executive blow it’s nose on the American Constitution and wipe it’s feet on our laws and bill of rights, it was with some relief and a glimmer of hope that I watched the election results last November as the Democratic party was returned to control of the legislative branch of the federal government. The pendulum is returning to the center I told myself, surely it will soon move to the left and show benefits to the working people of this country again.
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