Saturday, January 22, 2011
Corporations contributing to inflation in DC
Once upon a time you could buy your Congresscritter for anywhere from a few thousand dollars for a back bencher to $25-$50,000 for someone in leadership. Now that the damned activist judges on the Supreme Court have eliminated all restraints, corporations are acting like a bunch of sports team owners at free agency.
The new Republican leaders in the House have received millions of dollars in contributions from banks, health insurers and other major business interests, which are pressing for broad reversals of Democratic policies that affect corporations, according to disclosure records and interviews...The corporations are way overpaying for Kosher Mouse and ruining the market for the rest of us. Next thing you know the back benchers will be asking 6 figure sums.
Major health-care firms and their employees gave Republican leaders at least $5 million over the past two years, including well over $2 million to Boehner and Majority Leader Eric Cantor (Va.), according to a Washington Post analysis of contribution data...
Cantor received at least $5.6 million from corporate-linked donors during the 2010 midterm campaign, including $2.4 million from companies and employees in the finance, insurance and real estate industries, according to the Post analysis of data from the Center for Responsive Politics.
The total marks a 40 percent increase from 2008 and puts Cantor well ahead of most of his House GOP colleagues.
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