This is going to be a long one folks. According to newsmax.com, members of Congress are finding a way to line their pockets and get their piece of the stimulus money. Here's how it works.
A member of Congress sits on a certain committee. Said member may have a non-profit or charity group with personal or family ties. Certain groups of industry and lobbyists on behalf of certain groups can donate any amount of money to said charity or non-profit. Nice work if you can get it, eh? It was only in 2007 that corporations and lobbyists were mandated to provide information when they donated to a charity or event connected with lawmakers.
Since the 2007 ethics agreement, USA Today has kept track of the lobbying reports. Wanna know how much? I hope you're sitting down: a total of $35.8 million in 2008. That's between a total of almost 2,800 reports filed. About $28 million went to non-profit groups with direct ties of members of Congress. Sickening. I've read and would suggest for anyone to read Outrage by Dick Morris. He details this scheme nicely.
Here is a list from newsmax.com listing some of the groups, their ties, and how much they got:
© 2009 USA Today. All rights reserved. Reprinted Via Rightslink.
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Yes, I'm bitter.
4 comments:
Why didn't they list Obama's special interest ties from his Senate days? I believe they are still relevant. Remember how much he got from Fannie and Freddie?
I don't know why they didn't list Barry's "gifts". And yes, they should be VERY relevant! That's one reason he decided to bail out Fannie and Freddie.
Well, news like this is always disturbing. I recognize a lot of those names in the news too, so it stings a bit more, because I agree with some of their philosophies. No matter what route you go... government or coroporation, there is always bound to be a degre of corruption. I have argued many times and very loudly that we need VERY strict regulations so this kind of thing doesn't happen. I don't know the full story of this post, but on the surface it sure looks grimey.
Law, Unfortunately, this is the way Washington has worked for many years. Campaign finance was drafted to limit the contributions of donors and lobbyists to election campaigns, but the loophole of non-profit charity donations to groups affiliated with Congressional members was never closed. I really suggest "Outrage" by Dick Morris. He devotes a full chapter to the nepotism and dirty dealings of lobbyists. Thanks for coming over!
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