Sunday, October 05, 2008

Send Lawyers, Guns, and Money
2008 election contributions data, as compiled by OpenSecrets.Org, shows that Obama leads over McCain in campaign contributions received from individuals and PACs associated with the Finance, Insurance, and Real Estate sector as well as the Lawyers/Lobbyists sector.

Hold him accountable.

8 Comments:

At 6:19 PM, Blogger Brian said...

What's the threshold? McCain comes in squeaky clean at $24,998,463 with "Finance, Insurance, and Real Estate", so we don't hold him accountable?

Interesting that McCain's top five are all financial... didn't just bail that industry out.

I hope Obama doesn't spend all his $450 total PAC contributions in one place. I wonder how many lawn signs Obama could have bought if he had McCain's $1,346,385 total PAC contributions.

 
At 9:07 PM, Blogger Granite said...

Obama's top contributor, Goldman Sachs, has given to Obama more than double the amount that McCain's top contributor Merrill Lynch has given to McCain.

Also, the Securities and Investment Industry has given more to Obama than McCain.

http://www.opensecrets.org/pres08/select.php?ind=F07

 
At 5:10 PM, Anonymous Tim said...

I truly wish this country would not
pit one group against the other. It distracts from the main point. The main point being that both parties are fleecing us the US taxpayer.
By positioning yourself one against the other. Instead of we are all in this together. It allows politicians to do financial slight of hands.
Any true conservative or liberal is against bailing out Wall St. with tax dollars. Period. End of story. If people just stopped for a moment and realized this, then may be we could do something. Instead it is a political football. I don't see people getting smarter any time soon so I wouldn't hold my breathe but at the very least people could just say to themselves. I AM NOT A SUCKER. I CANT BE MANIPULATED SO EASILY by both parties.
We definitely deserve the government we get.
Does it matter who gets elected?
Yes
But it is really an aesthetic choice not a real choice.
I can't believe it only took a week of real debate to pass this Bailout .
We can't possibly start to think about saving security, health care, or any other of the ills of our society with this hanging over us. Or do you think we can cut taxes with this hanging over us..HAH..No way

Hold Obama accountable.. By voting for a guy that will do the same thing. Give me a break. Hold yourself accountable for the government we give power to.

At least with Obama we will get someone pronouncing the BS well.

Until people can start forcing people to consider common folk,
then the American way of like will most likely be only found in history books.

Yes, I am voting for Obama. But if you think that I actually think it matters, you're wrong.

I do want change. But I want the kind of change that our politic system prevents. This bailout is a perfect example of the fleecing of America. We are giving money to the industry that takes most of our money.

We was the financial sector when we went to war to protect the markets they use. Oh yeah, they got a tax cut. And now we bail them out so we can get credit. I say let them eat cake. Let it all blow up and start again. It would be chaos but it might be better in the end.

Marx predicted all this by the way.

 
At 9:30 PM, Blogger Granite said...

And on Wall Street they wear ties!!!

Thanks for your contribution Tim. I know where you are coming from. Indeed, when they voted in compassionate conservatism we got more government. When choice is between Big Government and Bigger Government, Big Government always wins.

I want someone in there who will stop the public/private partnerships. Stop the choosing of winners, stop the subsidizing of preferred behaviors.

Blow it up. End the FDR/Keynesian box we have trapped ourselves within.

 
At 9:43 PM, Blogger Granite said...

Big article in NYTimes on Fannie Mae. When government distorts the market in order to pursue political ends, distortions result. Here's an interesting section:

Between 2005 and 2008, Fannie purchased or guaranteed at least $270 billion in loans to risky borrowers — more than three times as much as in all its earlier years combined, according to company filings and industry data.

“We didn’t really know what we were buying,” said Marc Gott, a former director in Fannie’s loan servicing department. “This system was designed for plain vanilla loans, and we were trying to push chocolate sundaes through the gears.”


http://www.nytimes.com/2008/10/05/business/05fannie.html?_r=1&scp=2&sq=fannie%20mae&st=cse&oref=slogin

It will take courage to dismantle this FDR-era government monstrosity.

 
At 11:12 PM, Blogger Brian said...

haha... call me when McCain does the noble thing and returns the money ;)

It would be interesting to see to see the individual contributor numbers broken out by "joe schmo" employees like us vs. executives.

I'm not excusing what Fannie/Freddy did in the least bit but your comment makes it sound like they were alone in this when they were not... EVERYONE was buying bad loans. In fact part of their stupidity arose from the fact that they tried to compete with all the other banks that were hungry buying up loans. Again, not even remotely an excuse, but there is plenty of blame to go around.

I agree with Tim. I'm not voting because I think things are going to magically change and everything is going to be puppies and kittens. I'm voting because after 8 years someone needs to take the keys away from these guys and maybe maybe fuck it up a bit less for a change. ;)

 
At 11:36 PM, Blogger Granite said...

I wonder if Obama will give back all the funny money his campaign has been receiving from donors with unknown identities....

I don't know anyone can even begin to entertain the thought that Obama, with no legislative accomplishments in both the US Senate and the Illinois legislature and no executive experience, save for a few years managing $100 million in Annenberg Challenge funds that he refuses to provide detail on, will be less apt to "fuck it up". Is there something about the Carter admin retreads he has advising him that provides great comfort? Certainly taking away the keys from "these guys" and handing them over to an unproven unaccomplished neophyte whose main skill seems to be latching people's clenched teeth to the nearest set of government teets doesn't appear to me to be the prudent alternative.

 
At 6:16 PM, Anonymous Tim said...

Considering the word prudent the closest synonym I can think of is sensible.
After 8 years of GOP shenanigans, now at the 11 hour the American people are supposed to forget all of it just in case a McCain Administration is not influenced by the party he has been a member with for 30 years.
That sounds more risky than seeing if the limited experienced candidate, that has suffered the slings and arrows of the Clinton machine, f*cks it up.
Which choice is more of a gamble?

 

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