Friday, 21 August 2009

Follow the Money...


The opposition to the proposed health care bill is hitting a fever pitch and it looks like, for the moment, this is the biggest issue in U.S. politics, but I want to talk about something that none of the politicians (really) want you to know. Ever heard of the names Nancy Pelosi, John Boehner, Harry Reid, Dick Durbin, Lamar Alexander, or Patty Murray. No? Well, I don't blame you if you don't know the “Who's who?” in American politics, but these are the names of none other than the elected officials who are supposed to be running our government. Why am I mentioning these people? Good question. I graduated with a B.S. in Finance, so being a “finance guy” I like to follow the money. I did a little digging and I found some interesting things. Such as Nancy Pelosi (D-CA) has raised $850,477 for 2009-2010 cycle fundraising, and that one of the top 5 contributors to her campaign is Boeing ($10,000). Like John Boehner (R-OH) has raised $1,094,448 in campaign money and his four top contributors are American Financial Group, American Electric Power, Lockheed Martin, and Southern Co, with American Financial Group giving the most ($38,000). Meanwhile, Harry Reid, D-NV, received money from MGM Mirage ($137,350), Harrah's Entertainment ($74,000), Station Casinos ($71,200), and JPMorgan Chase ($61,100) contributing to a grand total of $10,930,627 in 2005-2010 cycle fundraising. Do any of you out there think there isn't a little bit of “conflict of interest” when a proposed bill that benefits any of these major companies comes into the House or Senate? I believe there is, but it speaks to a larger problem. If these corporations are contributing so much money to the politicians so that they can stay in power is it any wonder why “the people's” interest do not get represented in government these days. Look, I don't know anything about politics and I am not particularly to interested in the machinations of the political machine, but I DO know about money. I KNOW that “money talks”. So do some digging for yourself, I think you will be interested in what you find.


Don't know where to dig? I thought so. Go to http://www.opensecrets.org/. The homepage of the website will explain it all. It's a site dedicated to primarily “Following the money in Washington”. See who's getting what and how much. Want to know who's getting all the bailout money, they will tell you. Want to know who in Congress is getting the most campaign money and from whom, they will tell you. Want to know the special interests lining up to get their piece of the pie when the health care reform bill gets passed, THEY WILL TELL YOU. Take a look. http://www.opensecrets.org/

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