Ten Tea Party-backed freshmen on the House Financial Services Committee, part of a force that won election in a populist backlash to government spending that included emergency lending to major banks and bailout of firms including U.S. automakers have apparently gotten a taste of corporate money and have remained mum on the issues they formerly opposed.
Swept into Congress on a wave of anger over government-funded bailouts of banks, these incumbents are now collecting thousands of dollars for re-election campaigns from the same Wall Street firms who excesses they criticized.
Nor have they taken steps to curb those companies or prevent future taxpayer-financed rescues. The Tea Party lawmakers haven’t passed, considered, or even introduced legislation to address concerns over banks too-big-to-fail according to a report from a Bloomberg publication.
The political action committees of the five major bailed-out institutions-JP Morgan Chase & Co,Citigroup Inc. Wells Fargo & Co and Goldman Sachs Group, Inc. have distributed $169,000 through March 31 to the campaign coffers of the 10 freshmen tea party-backed lawmakers.
So, those of you in favor of term limits, or are anti-government and anti-big business listen up to an old timer in politics; Money talks, Bull Shit walks. Everyone has their price. I’ve seen many newly elected officials come to Dover broke and leave there rather well off. Imagine what is going on in Washington, in both parties.
Instead of eliminating 10 Democrats who people thought were big business, you have replaced them with 10 who are doing the same, probably more aggressively.
By the way; God Bless America.