To the editor:
Never has the distinction between the two major political parties been less than it seems now. According to MSNBC, 2nd District Rep. Lynn Jenkins, a vocal opponent of the federal government financial services bailout, has received $1,000 contributions each from Bank of America, U.S. Bank, and Citicorp. Each of these companies has received huge sums of bailout money. Not to be outdone, Minority Whip Eric Cantor, whom Jenkins supports, received donations totaling $11,000 from bailed-out corporations.
Over 30 members of Congress, two-to-one Republican, were listed and over $110,000 was donated from bailed-out corporations. In February, 14 senators, seven from each party, reported receiving nearly $50,000 from bailed-out corporations. The political action committees of each party pocketed $90,000, with $50,000 going to the Democrats. But the most egregious was the Obama campaign. Over $3 million was donated by companies receiving bailout funds.
Bob Owens of “Confederate Yankee” cites figures from OpenSecrets.org showing $43.5 billion of bailout funds to AIG being redistributed to faltering banks including Goldman Sachs and Citigroup, which donated over $1.5 million to the Obama campaign. The circle now seems complete.
It does not matter who you support in the two-party system. Your taxpayer money is funneled to members of Congress regardless of their positions. Corporations whose policies you may oppose take your money and curry favor at your expense. The only plausible alternative is new parties. I’m switching to the Green Party; maybe Libertarian is for you. Hope to see you at the courthouse.