Are you wondering why members of both parties are so ready to insist that there must be a bailout evne though their constituents are more oftne than not shouting “NO!” ?
The answer is easy: follow the money. It appears that Senator Dodd (and the two major party presidential candidates) are very much dependant on the moneys that have flowed into their pockets from the financial organizations that they are bailing out.
For example, review Senator Dodd’s financing sources:
Chris Dodd: Top 5 Contributors, 2003-2008
Citigroup Inc – $314,694
SAC Capital Partners – $282,000
United Technologies – $263,400
Royal Bank of Scotland – $229,950
American International Group – $224,678
Chris Dodd: Top 5 Industry Contributions, 2003-2008
Securities & Investment – $4,267,896
Lawyers/Law Firms – $1,990,713
Insurance – $1,439,672
Real Estate – $1,262,691
Commercial Banks – $861,944
Source: Opensecrets
Oh, and if you are wondering who is buying our presdientail candidates, here you go:
Barrack Obama:
Goldman Sachs $748,880
University of California $625,911
JPMorgan Chase & Co $493,469
Harvard University $473,669
Citigroup Inc $467,849
Google Inc $426,174
University of Chicago $424,539
UBS AG $423,045
Skadden, Arps et al $394,335
Lehman Brothers $393,324
National Amusements Inc $385,803
Microsoft Corp $380,735
Sidley Austin LLP $379,802
Kirkland & Ellis $376,164
Moveon.org $347,463
Morgan Stanley $341,320
Time Warner $338,677
Wilmerhale Llp $335,398
Exelon Corp $314,063
Latham & Watkins $299,650
John McCain:
Merrill Lynch $306,813
Citigroup Inc $277,251
Goldman Sachs $234,345
Morgan Stanley $234,272
AT&T Inc $192,557
JPMorgan Chase & Co $185,325
Credit Suisse Group $165,575
Blank Rome LLP $155,326
Greenberg Traurig LLP $148,787
UBS AG $138,665
PricewaterhouseCoopers $138,320
US Government $137,842
Bank of America $133,975
FedEx Corp $123,953
Wachovia Corp $123,096
Pinnacle West Capital $123,050
Lehman Brothers $120,600
Gibson, Dunn & Crutcher $104,250
US Army $103,613
Bear Stearns $99,300
So, Senator Dodd. i guess you feel like you are the banking industries Robin Hood. Taking from the mean old electorate and giving to the kindly banks that pay your keep. But in my book, that makes you one of the ugliest chumps of all. Senator, you get a well deserved Chumpzilla (and hopefully a boot from the voters of Connecticut to go with it).
The boot should kick his butt right into a prison cell!
Comment by Joe — October 2, 2008 @ 4:20 pm |
When they just plain refuse to vote according to the peoples’ will, what is our recourse?
Comment by glis — October 3, 2008 @ 12:18 am |
“whenever any Form of Government becomes destructive, it is the Right of the People to alter or to abolish it, and to institute new Government” = Declaration of independance. Of course, these words today could put you in prison for life. See the tcxt of the Patriot act for that.
Comment by chumpzilla — October 3, 2008 @ 12:49 am |
For the record, they have been refusing to vote according to the peoples’ will for a long time now…and our recourse must be demanding change. Not the kind Obama promises. More like a revolution.
Comment by kquivers — October 3, 2008 @ 2:22 am |
I think all the politicians should be wearing chastity belts because there seems to be a whole lotta cck sukn goin down. The greed is beyond comprehension for everyone involved.
Comment by jeff — October 3, 2008 @ 3:25 am |
[...] Senator Chris Dodd wins Chumpzilla award for buyout Are you wondering why members of both parties are so ready to insist that there must be a bailout evne though their [...] [...]
Pingback by Top Posts « WordPress.com — October 3, 2008 @ 5:10 am |
Why single out on Dodd? Almost all Dems and Repubs have the same list of donors, especially the Pres. candidates. Vote third party…it’s the only real change.
Comment by mark — October 5, 2008 @ 4:32 am |
[...] certainly has not helped that, as I pointed out when Senator Dodd won his Chumpzilla award, the appearance of saving the institutions that finance their campaigns comes with a rather foul [...]
Pingback by Chumpzilla goes to Treasury Head Paulson « The Chumpzilla Award — October 6, 2008 @ 11:01 pm |