United Liberty
Who’s Funding the Candidates?
Fri, 12/12/2008 - 2:08pm | posted by Michael O. Powell
From Talking Points Memo comes a striking statistic:
The 2008 Republican and Democratic conventions were underwritten by hefty contributions from the institutions and individuals at the center of the country’s financial crisis, according to a report released Wednesday by the Center for Responsive Politics and the Campaign Finance Institute.
Insurance giant AIG, which has since received more than $150 billion in federal money, gave $1.5 million; mortgage company Freddie Mac, now a government enterprise, donated $500,000. In all, the donations come to about $14 million. (Wall Street Journal/Politico)
When you follow the money, it’s no wonder that both the Democratic and Republican presidential candidates supported the Wall Street bailout.
So sad, and yet, so true.
“In this free nation we do not choose to be ruled, we elect to be governed.”
— Barry Goldwater
Post new comment