Democrats Seeking to Weaken Financial Reform Bill Have Received Far More Industry Campaign Contributions
OPS_admin | Jun 22, 2010 | Comments 0
New Democrat Coalition Members Who Signed Letter in Support of Weaker House Regulations Have Received an Average of $55,000 More This Cycle
The 43 members of the New Democrat Coalition who last week sent a letter urging U.S. House of Representatives and Senate negotiators to weaken the financial reform bill’s regulation of derivatives have received an average of 44 percent more in campaign contributions from the financial services sector than the 25 coalition members who did not sign the letter.
Signatories of the letter have received an average of $180,001 from the financial services sector this election cycle, compared with $124,937 for those who did not sign, according to Public Citizen’s analysis of data from the nonpartisan Center for Responsive Politics (www.opensecrets.org). As in Public Citizen’s past analyses of financial sector data in the context of the financial reform bill, contributions from the health insurance industry were excluded from the calculations even though it is categorized as part of the financial services sector.
Signatories have received an average of $203,506 from the financial services sector for each campaign cycle, since 1998, compared with $140,738 for non-signers.
Full Story: Public Citizen Press Room.
Filed Under: Corruption
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The oligarchs openly talking about a coup d'état in America?
Multi-millionaire lobbyist Grover Norquist is calling for the impeachment of President Obama. In an interview with the right-wing National Journal - Norquist warned that if President Obama wins re-election and decides to let the Bush tax cuts for the top 2% expire at the end of the year - then Republicans will "have enough votes in the Senate in 2014 to impeach [him]."What does that mean? It means that the super rich in America - and their political operatives like Norquist in Washington, DC - have now compared a tiny tax increase on the wealthy to high crimes and treason - the only Constitutional basis Congress can use to impeach a President. It sounds like the oligarchs are now openly talking about a coup d'état in America.-Thom(Do you think will try it? Tell us here.) -
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