Wednesday, July 11, 2007

One of the three 'first tier' Democrats…

…is not like the others. That, of course, would be my man John.

James Ridgeway, for Mother Jones...
When it comes to domestic issues that pit the interests of large corporations against those of ordinary Americans, few equal the exploding crisis in consumer debt. Yet with the exception of John Edwards, none of the leading presidential contenders in either party has made this a serious campaign issue. Perhaps this shouldn't come as a surprise, since the same financial institutions that engage in predatory lending practices constitute their largest contributors, as well as what is perhaps the most powerful lobby in all of Washington.
And how are the other two alike? Follow the money...
Financial firms, according to Ken Silverstein's much-discussed Harper's article "Barack Obama Inc.," "constitute Obama's second biggest single bloc of donors." You'll find nary a word about the debt crisis on his campaign web site.
And…
All told, in 2006, financial and credit card companies gave $7 million in campaign contributions, and banks $25 million, to candidates of both parties, according to the Center for Responsive Politics. Leading the pack, with $378,000, was Hillary Clinton.
Ka-ching!

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