Spencer Bachus, A Truly Special Man

Based on a preliminary inquiry, I conclude that “Bachass,” as I hear some call him, is a Representative truly worthy of a special level of contempt. Unfortunately, he will not be held to it in this year’s election, as he is running unopposed. Nevertheless, he deserves a quality opponent in 2010 to send him into a well-deserved retirement.

The first place to go when seeking to gather an impression of the character of a Congressman and his agenda is his fundraising statistics. “Bachass“‘s page contains some interesting nuggets. He’s raised a total of $1.4 million in this election cycle, and he’s spent $1.26 million. He currently has nearly $800,000.

That’s a pretty significant number on both counts, and it’s a bit of a strange figure because- well, he has no opponent against which to spend money on a campaign. This raises the obvious question: why would anyone donate to his campaign if he has no opponent? And why does he have so much money if he has no campaign to run?

Going further into the numbers, it gets even more interesting. He has raised $837,450 from the financial industry, with more than $600,000 coming from PACs. Yes, that’s right: more than half of the $1.4 million he has raised in this cycle has come from ONE INDUSTRY! His donations from every other sector, while considerable, pale in comparison.

What does the financial sector love so much about “Bachass” that they’re willing to give him more than $800,000 in a year when he’s running against no one?

Answer: he does whatever they want him to do.

He voted for the Gramm-Leach-Bliley Act, which contributed significantly to the current financial crisis. This was a year after the financial sector gave him $54,000 in his first campaign. He was rewarded handsomely in his first re-election campaign in the 2000 cycle with an increase in his salary by nearly four-fold, this time with PACs getting into the game.

Next up was the Bankruptcy Abuse Prevention and Consumer Protection Act. Mr. Bachass voted for it, to make the federal government a collection agent for credit card companies. He raised $700,000 from the financial sector in the campaign cycle before, and then was rewarded for his vote with a whopping $887,000 from the financial industry in the next cycle.

This year, he voted for the $700 billion bailout bill not once, but twice.

As anyone who has read this blog recently gathered, my Congressman, David Price, sucks. Really badly. He fully deserves to be removed from Congress, especially by a candidate as great as B.J. Lawson.

But in all of my years of following politics, which has been a very long time (despite being only 22), I have NEVER before seen someone who is so much in the pocket of one industry as Bachass is. I feel dirty even looking at his Open Secrets page, as if I was just rolled in some securitized-mortgage mud. Shana truly deserves our sympathy for having to put up with this nimrod.

I will be following Bachass’ career with particular interest from this point foward.

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