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View Full Version : On Capitol Hill, it pays to pay.



Qtec
08-17-2012, 01:49 PM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"><span style='font-size: 14pt'>Wall Street Lobbying Efforts Reach $4.2 Billion Since 2006, Or $1,331 A Minute, Report States
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On Capitol Hill, it pays to pay. Wall Street certainly pays, and a new report unveils just how much, as well as what it gets in return.

Since 2006, the Finance, Insurance, and Real Estate (FIRE) sector, has poured around $4.2 billion into efforts to maintain influence in the halls of Congress, according to a new report by Elect Democracy, a nonpartisan effort by human rights organization Global Exchange. <span style='font-size: 17pt'>That comes out to $1,331 a minute.</span>

Of that total, $879 million has gone to the campaigns of lawmakers. Like most influence peddlers in Washington, the FIRE industry takes positions on legislation that affects the way it operates. Donations can't guarantee that a lawmaker votes a certain way on a bill, of course, but the intrinsic goal of lobbying is to encourage them to support the cause, in part by padding their campaign coffers. </div></div>

I call it bribery. link (http://www.huffingtonpost.com/2012/08/17/wall-street-lobbying_n_1796443.html)

Q

Gayle in MD
08-18-2012, 01:21 AM
All reasonable people call it bribery.

That is the definition, after all.

G.