As you may recall from my previous posts, I have a problem with lobbyists. They have corrupted our system of government and have stacked the deck against the middle class in America. If it were up to me, 22,000-37,000 federal lobbyists would be looking for work today. Unfortunately, its not up to me. It's up to the people the lobbyists are hired to spin. Conflict of interest? I'll let you answer this question yourself.
Why do I feel the need to discuss this today? Well, it looks like the champion of "clean," "lobbyist-free" elections was DEEP in the pockets of Fannie Mae and Freddie Mac. How deep, you may wonder?
Let's look at the statistics, shall we? According to the non-partisan Center for Responsive Politics, since the 1990 election cycle, Freddie and Fannie's employees and PAC have given $19.5 million to federal candidates and committees. Of these donations, 53% have gone to Republicans and 47% have gone to Democrats. Not surprisingly, Chris Dodd (D-Conn.), chairman of the Senate banking committee, collected the most from the two companies totaling $133,900.
The eye opening stat to me was that the Messiah collected the second most with donations totaling $122,850! More staggering is the fact that Chris Dodd amassed those donations over a 19 year period while Obama has amassed his war chest in just 5 years! Dodd received just over $7000 a year while Obama has received nearly $25,000 annually since he declared his Senate candidacy. By contrast, McCain has received only $21,300 in total donations since 1989. (Just over $1000 annually.)
Now, I understand, in the whole scheme of things, $25,000 is a minimal amount when compared to the HALF BILLION DOLLARS Obama is spending to try to buy the presidency. However it does underscore the fact that with Obama you are not getting good change, you are getting politics as usual. Personally, I'm disappointed.
God Bless America,
EG
erik@exchngeyourgovernment.com
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