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Letters to the Editor

Money politics

April 5, 2009

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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.

Lawrence

Comments

notajayhawk 5 years, 8 months ago

And I suppose the voters really believed that the $700 million that the Obamatron spent on his campaign (substantially more than his opponent, incidentally) was raised entirely from the saved pennies of schoolchildren and elderly widows, 'Ace'?

just_another_bozo_on_this_bus 5 years, 8 months ago

Corporate bribery/campaign contributions tend to favor the party in power. Republicans fare better than Democrats in their out-of-power periods, since they are unencumbered with the need to maintain the facade of concern for working folks, the environment, etc of the Democrats. But the Democrats have learned that in our system it's money that wins elections, so they succumb to the same corruption of crony capitalism that so thoroughly afflicts the power elite of the Republican Party.

Richard Heckler 5 years, 8 months ago

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Richard Heckler 5 years, 8 months ago

This comment was removed by the site staff for violation of the usage agreement.

Flap Doodle 5 years, 8 months ago

Relax & have a popsicle, loggy. It's a cool and fruity treat on a spring day.

jonas_opines 5 years, 8 months ago

Today's really more a day for a warm rum and apple cider, snap. Too cold and crappy for popsicles.

gl0ck0wn3r 5 years, 8 months ago

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jafs 5 years, 8 months ago

Liberty,

Speech is speech.

Money is money.

Giving money is not speech and shouldn't be protected as such.

HermioneElliott 5 years, 8 months ago

No matter who gives money to who, ultimately the people vote for who they want. I would have given President Obama a million had I had it to give. Once again I am proud of my country. I'm going to turn up the heat and have an orange popsicle.

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