Thursday, April 22, 2010

The Democrats Dilemma Of Money

What are the Democrats going to do with their big, bad campaign donations from Goldman Sachs and other big, bad financial institutions they shake money down from? And why do these same companies feel compelled to give this money? Locally politicians like Dick Blumenthal now takes campaign contributions from PACs in this Senatorial campaign-desperate for cash to buy his way into the Senate, apparently trying to emulate Chris Dodd who never met cash he would turn down. Maybe taxpayers of Connecticut can remember that in his legacy. Thus money flows freely to the Democrats in one hand and in the other hand we hear the constant condemnation of the free market, capitalistic system. It is ironic to taxpayers that we are forced to accept this situation as part of the corruptness of campaign contribution shakedowns.
Voters will change this come November. The Democrats dilemma of money.

1 comment:

David X Johnson said...

Bob, your criticisms of the Dems on the take are valid only because they are the party in power. The money flows to whatever party is in power and willing to vote "YES" for legislation that Wall Street loves (in your example).

Much of our recent troubles were caused by the 1999 bi-partisan repeal of the 60-year-old Glass Steagall Act. Suddenly, the tax-payers were on the hook for other than just fractional reserve banking. Wall Street loved it, of course, and lined the pockets of both Democrats and Republicans in an effort to pass the "Financial Services Modernization Act". We all know how this ended in massive corporate bailouts.

My point is that both parties are on the take. Through bribery, Corporate or special interests use our tax dollars against us. Both parties are complicit in this.

Although I agree with your sentiment that we aught to throw the bums out in November, the past has shown us that simply replacing one party with another will not change the bribery and corruption so long as Congress has free rein to exceed its constitutional limits.

Check out the graph at the bottom of this article: http://www.opensecrets.org/news/2008/09/money-and-votes-aligned-in-con.html