Does This Bother You About The Bailout Negotiations?
Last night on the Lou Dobbs Show on CNN he revealed that the six key members of Congress leading the negotiation of the bailout plan for the financial industry were HUGE recipients of contributions from companies in the financial industry.
Six members of Congress are leading the negotiations of the largest government bailout in history. Democrats, Senator Christopher Dodd, Chairman of the Senate Banking Committee, Congressman Barney Frank, Chairman, House Financial Services Committee. Republican Senator Judd Gregg, ranking member of the Senate Banking Committee, Congressman Roy Blunt, House Minority Whip. Senator Richard Shelby and Congressman Richard Bachus have also emerged in the leadership of the negotiations.
That's your lineup, folks and over the past two decades, those six men have accepted almost $24 million in donations from finance, insurance and real estate firms. Several of the contributors are among the very same firms that stand to benefit from that almost trillion dollar federal bailout.
Senate Banking Committee Chairman Chris Dodd leads the list having accepted a total of $13,205,556. House Financial Services Committee Chairman Barney Frank has accepted a total of $2,494,611. The other four members involved in the negotiations have accepted a total of almost $9 million between them.
Yep, our democracy is based on "one man-one vote". If you believe that, the bridge over Lake Sumter is avaialble for purchase. Ever wonder why the members of Congress have resisted new campaign finance reform legislation? Because once they're elected it's a very sweet deal--that's why.
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