Bail out recievers are still donating or is it buying?
February 10, 2009 5:45pm CST
Their companies are in danger of going under....they had to take a bail out from the federal gov.....but that has not stopped them from donating big bucks to their favorite politicans. Or stopped the politicans from taking the money. Analysis found that executives and employee-funded political action committees of companies that received bailout money have donated millions to members of Congress and other politicians since lawmakers approved the federal rescue of America's financial system in October. Lawmakers said the federal bailout program, which was passed Oct. 3, would help banks keep credit moving in the market to help Americans buy homes and cars. But within weeks, money also was moving into their campaign accounts. JPMorgan's employee PAC, for instance, has issued $275,552 in political donations since Oct. 16, including $91,000 spent three weeks after the bailout was approved. That was just one example of the millions that have been pouring into our elected officials campaign accounts sence the bail outs started. Do we need further proof that our elected officials are bought and paid for? How can anyone think they are out for our own good, when obviously they are just out to line their pockets? Tell me what you think.
1 person likes this
10 Feb 09
Yes I must be honest I do not understand how the figure all this outso the big companies that get the bail out maybe not making as a big a profit to what they are used to, so we are all doing it hard, I just think the rich seem to stick together and help each other out, I believe big business has a lot to answer for so why should they get such a big boost...