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Biting the hand that feeds you.
Author: Raine    Date: 10/25/2010 13:27:12

This morning the Washington Post reports: Companies that received bailout money giving generously to candidates

Yes you read that correctly.
The political action committee formed by the company, which is now largely owned by taxpayers, cut McConnell a $5,000 campaign check in September, a small piece of the $190,000 it donated to campaigns in the past month.

Although GM suspended its contributions while it solicited the government for financial help, it is now back in the game of political giving, increasing donations from its federal PAC steadily over the past few months.

It is not alone: Companies that received federal bailout money, including some that still owe money to the government, are giving to political candidates with vigor. Among companies with PACs, the 23 that received $1 billion or more in federal money through the Troubled Assets Relief Program gave a total of $1.4 million to candidates in September, up from $466,000 the month before.
The article goes on to report:
The two top recipients of money from companies receiving TARP funds are the top two House Republicans, Minority Leader John A. Boehner (Ohio) with $200,000 and Republican Whip Eric Cantor (Va.) with $187,000. They are followed by the ranking members of two key House committees, Spencer Bachus (Ala.) on Financial Services and Dave Camp (Mich.) on the tax-writing committee.
The Open Congress Blog writes:
All four of these Republicans split from the majority of their party and voted in favor of the 2008 bailout. They also all voted against the financial reform bill that imposes new regulations on financial companies and attempts to prevent future bailouts. As far as the TARP recipients are concerned, these are their key allies for the next session — powerful Reps. who are most likely to lead their party against new regulations and in favor of more bailouts when the time comes.
Once again, we are seeing that the GOP is all about privatizing the profits and socializing the losses. The Tea Party - who thinks they are all about populism - have been tricked into believing that the GOP is going to represent them.

They are not. They are going to do their corporate Masters bidding, as has been evidenced by the Millions of dollars embued into the campaign by the US Chamber of Commerce, What we are seeing here is corporations that were SAVED by the government actions giving to the GOP because they KNOW more reform is coming down the pike. In the meantime, TAXPAYER money is being funneled into political campaigns from the very corporations we paid to bail out.

Don't count on the Tea Party being outraged about that though. The power of propaganda and misinformation is strong, as evidenced from this post from Open congress:
The most-viewed bill in the past few weeks is Rep. Chaka Fattah’s [D, PA-2] Debt Free America Act, which would replace the income tax with a new tax on all financial transactions, including paying with cash. The second most-viewed bill is Rep. Bobby Rush’s [D, IL-1] Blair Holt Firearm Licensing and Record of Sale Act, which would set up a nationwide gun licensing system and prohibit the ownership of unlicensed guns. As we’ve discussed several times on this blog, the attention paid to these bills is mainly the result of a gross misunderstanding of what bills in Congress are.

This bill-view data is just one illustration of how misinformation, propaganda and irrational fear drives politics. Of course, there’s nothing new about this. It stems from long-standing issues in our society — the inadequacy of our civics education programs, the corruption in government that leads to general mistrust, the failures of the mainstream media, and the lack of openness in government data that has stunted the development of online civic engagement.
bold face mine

It's a sad state of affairs in this nation, that is for sure. I refuse to sit back idly and let these people take the reigns again. No matter what we have now, it HAS to be better than what they gave us from 2000- 2008.

and

Raine





 

22 comments (Latest Comment: 10/26/2010 00:52:24 by trojanrabbit)
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Comment by wickedpam on 10/25/2010 13:49:18
Morning again

Comment by Raine on 10/25/2010 13:54:30
Interesting.

WaPo reports that the Tea Party is
"not so much a movement as a disparate band of vaguely connected gatherings that do surprisingly little to engage in the political process."


So maybe it's time for the MEdia to stop paying attention to these garishly dressed fools?

Comment by TriSec on 10/25/2010 14:14:01
Morning, folks!

There was a Republican rally yesterday on Waltham Common. (I didn't go.) I could tell by the house-sized US Flag hung behind the city gazebo, even before I read the candidate's signs. Looked like maybe 100 people.

Curiously, I'm on friendly terms with the Republican running for state senate in my district (Sandi Martinez), while I have never actually met the Democrat. (Susan Fargo). But Ms. Martinez once led the states antiabortion and antigay groups, so it's unlikely she'll see my vote.

Better news at the Governor's office....Charlie Baker's campaign is starting to fall apart; there have been too many revelations about the Big Dig in recent days. Patrick's lead is by no means secure, but it's looking better.



Comment by Raine on 10/25/2010 14:36:57
FOr all the brehaha over Juan williams, and the suddenly love fest in him from the Right-- it should be remembered that David Frum was fired by his fellow conservatives for not being wingy enough.
This may be hard for some on the left to take, given how they've vilified Frum for his neoconservatism and war-hawking in the past. But it surely looks like he was thrown overboard by fellow conservatives for calling it like he saw it. Is this further evidence the GOP and its ilk plan to go more paleo with their paleoconservatism? That remains to be seen. But one thing's certain: Whatever the prevailing conservative narrative becomes—and however much it seems to contradict reality—nobody in the flock had better question that dogma.


Comment by Raine on 10/25/2010 14:44:29
Comment by wickedpam on 10/25/2010 14:56:01



okay, so if the inmates are given pink underwear is he saying that she's going to be an inmate?

Comment by Raine on 10/25/2010 15:01:02
This caller sounds like MAya Angelou.

Comment by Raine on 10/25/2010 15:11:05
Quote by wickedpam:



okay, so if the inmates are given pink underwear is he saying that she's going to be an inmate?
I like the way you think!

It's a strange story, all around. HE's under federal investigation and I thought she was a little more -- reserved - than this about underwear





Comment by wickedpam on 10/25/2010 15:13:34
Quote by Raine:
Quote by wickedpam:



okay, so if the inmates are given pink underwear is he saying that she's going to be an inmate?
I like the way you think!

It's a strange story, all around. HE's under federal investigation and I thought she was a little more -- reserved - than this about underwear






its just the way my brain makes logic jumps

Comment by TriSec on 10/25/2010 15:28:00
I posted some leaf-peeper photos on facebook yesterday...

We were at the old grist mill at the Wayside Tavern in Sudbury, MA.

It's been a curious season; the weather folks declared it "peak" locally, but I saw a lot of empty trees and brown leaves, some splashes of colour, and some trees that are still green.

Climate change much?



Comment by Raine on 10/25/2010 15:28:37
I totally disagree with John that losing the house and the senate can benefit the administration.

This is NOT 1994.



Comment by Raine on 10/25/2010 15:31:44
Jim is totally bumming me out.

Edie isn't doing much better.

Comment by Raine on 10/25/2010 15:32:41
I'd rahter not take the chance with a Boner as House leader.

The stakes ar just too high for this nation.

Comment by wickedpam on 10/25/2010 15:39:08
I don't want that smug ass in the speakers seat either. even more then nothing would get done since all they want to do get the legal wheels moving

Comment by Raine on 10/25/2010 15:47:20
Quote by wickedpam:
I don't want that smug ass in the speakers seat either. even more then nothing would get done since all they want to do get the legal wheels moving



Comment by Raine on 10/25/2010 16:14:28
Blogger makes a legitimate point about DeFazio and impeaching Roberts on the Supreme court.

Justice Roberts Hasn't Done Anything Impeachable. Rep. Peter DeFazio Should Quit It.



Clarence Thomas on the other hand... This guy perjured himself.





Comment by livingonli on 10/25/2010 17:28:00
Good day everyone. It was a busy weekend and I am beat today so missed most of Momma.

Interestingly, some of my more hard left facebook friends are accepting voting for the Democratic candidate even if it's a weak one as the lesser evil because they don't want to see Boehner and the teabaggers running the show either. This may be interesting because I'm thinking of the French Presidential election a few years ago when it was the conservative candidate versus the vile Fascist Le Pen and most people held their nose and voted even if it was just to keep Le Pen out.

Comment by Raine on 10/25/2010 19:28:05
Awesome ad from Jerry Brown.



Comment by Will in Chicago on 10/25/2010 22:54:33
Hello, bloggers!

Excellent post, Raine! Sorry that I have been away,b ut I have been busy. I hope that everyone is well.

I am still waiting to hear back from my recent interview at a not-for-profit organization. So, I am still hoping for the best.

Comment by trojanrabbit on 10/26/2010 00:03:56
Can I still blame Carly Fiorina for the gigantic mound of suck that is HP printer software?


Comment by livingonli on 10/26/2010 00:29:21
Quote by trojanrabbit:
Can I still blame Carly Fiorina for the gigantic mound of suck that is HP printer software?

I would.

Comment by trojanrabbit on 10/26/2010 00:52:24
Quote by livingonli:
Quote by trojanrabbit:
Can I still blame Carly Fiorina for the gigantic mound of suck that is HP printer software?

I would.


This printer will supposedly print on both sides of the paper. Finally got a printer driver that will make it work - even though it still comes up with a warning message that the 2-sides attachment isn't installed.

In any event - what the hell could this thing be doing that requires over 1G hard drive space to install, and doesn't clean up the mess of temporary files it leaves (over 600 meg)?