Wednesday, March 09, 2005
Pigs at the Trough - The Bankruptcy Bill
The President and his backers merrily continue dancing
Extracts from Stephan Labatan's report in The New York Times, March 9, 2005.
"The main lobbying forces for the bill - a coalition that included Visa, MasterCard, the American Bankers Association, MBNA America,Capital One, Citicorp, the Ford Motor Credit Company and the General Motors Acceptance Corporation - spent more than $40 million in political fund-raising efforts"
"Final passage of the measure is now an inevitable formality."
"The White House applauded the votes on Tuesday."
Our legislators never fail to take care of those who pay into their campaign chests while the interests of the majority of their constitutents get drowned in the pork barrel.
Remember Abe Lincoln's address in Gettysburg, Nov.19, 1863 ?
"......government of the people, by the people, for the people shall not perish from the earth." That is what he said. What we have become is a government of lobbyists, by the lobbyists, for the lobbyists.
The full report can be read at Bankruptcy
Also see my post : Wednesday, January 26, 2005 , "You've got to dance with them what brung you".
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Note: The NY Times articles can be accessed free for 7 days from date of publication. Registration procedure is simple.
Extracts from Stephan Labatan's report in The New York Times, March 9, 2005.
"The main lobbying forces for the bill - a coalition that included Visa, MasterCard, the American Bankers Association, MBNA America,Capital One, Citicorp, the Ford Motor Credit Company and the General Motors Acceptance Corporation - spent more than $40 million in political fund-raising efforts"
"Final passage of the measure is now an inevitable formality."
"The White House applauded the votes on Tuesday."
Our legislators never fail to take care of those who pay into their campaign chests while the interests of the majority of their constitutents get drowned in the pork barrel.
Remember Abe Lincoln's address in Gettysburg, Nov.19, 1863 ?
"......government of the people, by the people, for the people shall not perish from the earth." That is what he said. What we have become is a government of lobbyists, by the lobbyists, for the lobbyists.
The full report can be read at Bankruptcy
Also see my post : Wednesday, January 26, 2005 , "You've got to dance with them what brung you".
Note: The NY Times articles can be accessed free for 7 days from date of publication. Registration procedure is simple.
