New info. in Auto Bailout
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Just as the senate is preparing to vote to bail out the three auto companies, these same companies and a few others pop up in a brand-new study released today on www.wnd.com.
In the two years spent fundraising for the conventions, CFI claims the two parties only provided the names “they elected to disclose. The institute announced today that the first official host committee reports have been released, and it now has a complete list of donors.
Key industry actors in the current financial crisis gave $14 million to conventions, CFI reports. The following are some of its findings:
Finance, insurance and real estate companies gave $24.6 million toward the conventions, according to Center for Responsive Politics, or CRP.
“If the executives who have come to Washington, hat in hand, looked familiar to members of Congress, maybe it’s because they met over the summer at the conventions,” CRP Executive Director Sheila Krumholz said in a statement. “The conventions provided representatives of major corporations and industries with many opportunities to interact with Washington’s decision-makers. Those conversations may have paid off just weeks later, when the government started handing out money to those companies and industries that are struggling.”
The study also found that the drug industry gave $9.8 million to the parties, Internet companies donated $4.1 million to Republicans and $3.1 million to Democrats, while unions representing government employees contributed all of their $2.7 million to the Democrats’ convention in Denver.
> So, with all this new info. coming out, these companies definitely don’t deserve a bailout by the government. Even though it’s probably to late, Its still good to get this new info. out and let everyone see why this auto bailout should never take place.
-Dominic