Posted by patriotslog
$1,331 per minute. No, that is not Mitt Romney’s average earned income; that number is much smaller. Nor is it the rate of growth of the federal deficit; that number is much bigger. In fact this number is nearly as frightening as the federal deficit when one considers the implications. So what would you do with $1,331every minute? If you said throw it away lobbying government and forking out campaign contributions, well, that would make you crazy. Unfortunately, that would also make you Wall Street.
According to Global Exchange’s Elect Democracy effort, the Financial Insurance and Real Estate (FIRE) sector has given $4.2 Billion combined in lobbying and campaign contributions in just the last 5 1/2 years. $879 million alone has gone directly into campaigns to re-elect the same cronies who allowed Wall Street to hold the economy for ransom, then negotiated with these capitalism terrorists using your money and my money to pay the ransom. Now we should unshackle Wall Street? Before FDR put in banking regulations the financial sector had a collapse an average of every six years. Guess how many years it took for this collapse after Congress deregulated the financial sector? Apparently our esteemed representatives on Capitol Hill are not intelligent enough to connect the dots. If you said six, you are smarter than your Congressman. Read the rest of this entry →
Posted by patriotslog
The United States Congress has an all-time low approval rating; commentators often joke that those who do approve of Congress at this moment consist of their immediate family, and nobody else. President Obama is not fairing much better, holding the lowest approval rating of his presidency also; though the fact that he raised so much money in campaign contributions this quarter illustrates just how inaccurate these polls are. It has become next to impossible to find anyone who can say in complete honesty that our government is functioning. Democrats blame republicans, who point the finger right back; the poor blame the rich, the president blames Congress, and the web just keeps growing. We even see some who are still irrationally hanging on to their disdain of President Bush, blaming all our woes on him for no other reason than petulant bitterness (yes, some of our current problems were set in motion by Bush, but those comprise a fractional minority). Everyone in America is more than happy to blame their government, representative, neighbor or friend; everyone in the government is more than happy to blame the other party. The only thing we do not see is people taking any responsibility for the problems. One lone patriot by the name of Buffett is brave enough to step forward, admit the system is not working, and taking responsibility for that. He knows tax rates and breaks favor the rich, and he is taking responsibility for that, and trying to change it. Warren Buffett even invested billions of dollars of his own money to help banks which were struggling. Thank you for your good heart and generous pocket Mr. Buffett. For the other 320 million minus one of us in America, it is time to take a good long look what we have done wrong. How can we expect Congress to stop pointing the finger and acting if we do not do the same; they will not take responsibility until we do. Read the rest of this entry →
Tags: approval rating, Bill Gates, China, Congress, congressional districts, Congressman for sale, gridlock, Jim Bunning, Kentucky, lobbying, Michelle Bachmann, Mike Lee, Mitt Romney, money in Washington, Nancy Peloci, President Obama, Rick Perry, Utah, voters