Bribe? Wall Street firms donated $11.2 Million to members of debt ‘super committee

Discussion in 'Politics' started by hvactec, Aug 21, 2011.

  1. hvactec
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    hvactec VIP Member

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    By Eric W. Dolan
    Thursday, August 18th, 2011 -- 8:39 pm

    The bipartisan "super committee" created by the debt ceiling deal is comprised of lawmakers who have received big bucks from special interest groups, according to a report by MapLight.

    The committee is tasked with finding at least $1.2 trillion in deficit cuts over ten years.

    In total, the twelve members appointed to the Joint Select Committee on Deficit Reduction got nearly $64.5 million from special interests groups over the past decade, with legal firms donating about $31.5 million and Wall Street firms donating about $11.2 million.

    Of that $11.2 million, Goldman Sachs, Citigroup, Bank of America and JPMorgan Chase donated approximately $2 million combined.

    The members appointed to the committee are Sens. Pat Toomey (R-PA), Jon Kyl (R-AZ), Rob Portman (R-OH), Patty Murray (D-WA), John Kerry (D-MA), and Max Baucus (D-MT) and Reps. Jeb Hensarling (R-TX), Fred Upton (R-MI), Dave Camp (R-MI), Chris Van Hollen (D-MD), Xavier Becerra (D-CA), and Jim Clyburn (D-SC).

    Democratic and liberal groups donated the third most amount of money, with about $9.6 million in political contributions, and the health industry donated the fourth most, with about $9.3 million.

    Club for Growth, a conservative free market group, donated more money than any other organization, contributing a combined $990,066 to the twelve lawmakers. The vast majority of that money went to Sen. Toomey.

    Microsoft Corp. donated the second most, with $810,100.

    The six Republicans on the committee have signed a pledge by Americans for Tax Reform to vote against any tax increases.

    read more Wall Street firms donated $11.2 million to members of debt ‘super committee’ | The Raw Story
     
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  2. whitehall
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    whitehall Gold Member

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    Wall Street ain't the enemy. Al Gore said "there is no controlling legal authority" when he was busted soliciting donations from foreign religious groups. Bubba Bill Clinton's bag man Charlie Trie was funding donations for the Clinton sleaze bag reelection. Clinton pardoned one of the FBI's most wanted and the most notorious corporate pirate in history at the time for a couple of bucks from his wife. Wall Street ain't the enemy. Too bad neo-socialists think so.
     
  3. uscitizen
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    uscitizen Senior Member

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    Wal Street is not the friend of the average working american.
     
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  4. rdean
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    rdean rddean

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    The companies or the people that work there? The CEO is way different than the secretary. It's not clear.

    And for Republicans who say, "What's the difference?" think of it this way:

    Would you want to get support from those wonderful CEO's and Board Members or from that dirty working Middle Class?
     
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  5. Matthew
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    Matthew Blue dog all the way!

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    Wall street and the banks have robbed us of trillions of dollars in our wealth the past few years...These people are transnationalist pieces of shit. Prison time should be handed out to them.
     
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  6. Annie
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    Annie Diamond Member

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    Wall Street Aristocracy Got $1.2T in Loans - Bloomberg

     
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  7. editec
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    editec Mr. Forgot-it-All

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    NONE dare call it bribery.
     
  8. G.T.
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    G.T. Diamond Member

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    They own the Country (I thopught this was common knowledge?)
     
  9. georgephillip
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    georgephillip Gold Member Supporting Member

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    Thanks for the great link.

    This "Super Congress" should be seen as the last nail in the coffin of the US social contract. It seems to have been designed solely to protect member of the Lesser Congress from the revenge votes of 82% of this country opposed to cutting Social Security and Medicare benefits, and the 60% of Americans who believe our wars are responsible for the deficit.

    "Super Congress" Designed for One Purpose | Common Dreams

    This is the latest example of how insane it is to continue "choosing" between Democrat OR Republican in the voting booth and expecting any Hope or Change to result.

    The Internet makes it doable to FLUSH hundreds of incumbents (Rs & Ds) from DC in a single news cycle.

    That option could be the last hope for the US Republic.
     
  10. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    We need to take "money" out of the electoral process.

    Unfortunately conservatives thwart every effort to do so.

    Even when some of them are the authors of the efforts.
     
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