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Anyone who still thinks that either of the two major parties represent the interest of Main Street rather than Wall Street should take a look at how much money the members of the US House of Representatives who voted for the “No Tycoon Left Behind” bailout bill have raked in from the same financial sectors responsible for the whole mess in the first place.According to The Center for Responsive Politics, lawmakers who voted in favor of the bailout bill have received on average 51% more in campaign contributions from sources in the finance, insurance and real estate industries (FIRE industries) over their congressional careers than those who opposed the emergency legislation.
In this election cycle, the 140 House Democrats who voted for the bailout bill collected 78% more from the FIRE industries than the Democrats who opposed it. The data shows that, over their careers, they collected 88% more. While the gap is smaller on the Republican side, those who voted yes on the bailout bill got an average of 23% more in contributions from the FIRE industries in this election cycle than House Republicans who voted against it. In the long run, they got 53% more.
When it comes to raking in cash, party leadership fares even better. House Financial Services Committee Chair Barney Frank (D-MA) received nearly $800,000 this election cycle from sources in the FIRE industries. Ranking Republican committee member Spencer Bachus (AL) received $822,000 from the FIRE industries this election cycle and $3.7 million since 1989.
Unlike the two corporate parties now running Congress, Green Party candidates accept no corporate contributions. When in office, we will not be owned and bossed by Wall Street fat-cats. Green Officeholders are free to vote for what’s best for us, the American people, instead of the Wall Street insiders who now run the show.
But to make your voice heard, we need your support. Support Cynthia McKinney/Rosa Clemente and other Green Party candidates on the ballot in November; and donate to our future today.
Filed under: cynthia mckinney, Green Party Websites, Green Presidential Campaign 2008, Political Websites, presidential race, social & economic justice, US Politics
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