You Get What You Pay For
Thank goodness the Senate passed the "Dodd Amendment" last night so the poor "victims" of the crumbling economy, the leaders of the financial sector, can be bailed out.
Of course these companies that are on the verge of bankruptcy spent millions on Senator Dodd's campaign over the year so it is only fitting that he author a law to fix their woes.
From the Hartford Courant:
Financial-sector firms — mortgage firms, insurance companies, accountants, brokerage houses, hedge funds — are among the most generous political donors in America, lavishing more than $1 billion on candidates this decade. And in Congress, few politicians have fared better than Dodd. During the past 20 years, PACs and employees of finance-related firms have contributed more than $13 million to Dodd's election efforts, including nearly $6 million in the past two years. Among members of Congress, only leading presidential candidates — Hillary Clinton, Barack Obama, John McCain and John Kerry — have collected more money from the sector.
So we shouldn't be angry at the senators listed above voting "yea" as they were just earning their salary.
I sure am glad McCain brought us campaign finance reform or else the economy would really be bad off.
Of course these companies that are on the verge of bankruptcy spent millions on Senator Dodd's campaign over the year so it is only fitting that he author a law to fix their woes.
From the Hartford Courant:
Financial-sector firms — mortgage firms, insurance companies, accountants, brokerage houses, hedge funds — are among the most generous political donors in America, lavishing more than $1 billion on candidates this decade. And in Congress, few politicians have fared better than Dodd. During the past 20 years, PACs and employees of finance-related firms have contributed more than $13 million to Dodd's election efforts, including nearly $6 million in the past two years. Among members of Congress, only leading presidential candidates — Hillary Clinton, Barack Obama, John McCain and John Kerry — have collected more money from the sector.
So we shouldn't be angry at the senators listed above voting "yea" as they were just earning their salary.
I sure am glad McCain brought us campaign finance reform or else the economy would really be bad off.
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