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Wall Street Is Biggest Donor to Deficit Panel Members
Yahoo Finance ^ | 081711

Posted on 08/17/2011 7:27:26 PM PDT by Fred

Who's been cozying up to the members of the new Congressional super committee?

With the committee set to decide on a whopping $1.5 trillion in federal deficit reduction this fall, lobbyists and corporations are trying to figure out which industries are best connected to the 12 members of the new panel.

You can bet that those connections will be pressed to the limit in coming months as companies and sectors scramble to ensure that federal spending they like and tax breaks they depend on aren't slated for elimination.

As it looks at the new committee members, Wall Street may like what it finds. But defense contractors may find themselves wishing they'd ponied up more cash over the years.

A new study out Wednesday by the Center for Responsive Politics-and obtained by CNBC-finds that the specific industry sector with the most clout is finance, which was responsible for contributing a whopping 38 percent of the money raised by committee member Rep. Jeb Hensarling (R-TX) since 1990.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Crime/Corruption; Government
KEYWORDS: baucus; becerra; camp; catfoodcommittee; clyburn; corporatewelfare; cultureofcorruption; elections; fraud; govtabuse; hensarling; jointcommittee; kerry; kyl; murray; porkulus; portman; supercommittee; supercongress; toomey; tyranny; upton; vanhollen

1 posted on 08/17/2011 7:27:30 PM PDT by Fred
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To: Fred

As it looks at the new committee members, Wall Street may like what it finds. But defense contractors may find themselves wishing they’d ponied up more cash over the years.

Yeah, nothing like virtual bribery to fix our country.


2 posted on 08/17/2011 7:35:25 PM PDT by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: Fred

The establishment republicans and democrats are all in the pockets of international banks and corporations.


3 posted on 08/17/2011 7:49:39 PM PDT by P-Marlowe (LPFOKETT GAHCOEEP-w/o*)
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To: P-Marlowe

ditto.


4 posted on 08/17/2011 7:55:17 PM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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To: Fred

I knew this would happen.

Government needs to get out of the way and allow Wall St. As much access to these lawmakers as possible. You won’t regret it....

The system doesn’t work it’stime for reform.


5 posted on 08/17/2011 8:20:30 PM PDT by Tempest (Ruining the day of corporate butt kissers everywhere.)
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To: Fred
I knew this would happen.

Government needs to get out of the way and allow Wall St. As much access to these lawmakers as possible. You won't regret it....

The system doesn't work it’s time for reform.

6 posted on 08/17/2011 8:20:50 PM PDT by Tempest (Ruining the day of corporate butt kissers everywhere.)
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To: Fred
I knew this would happen.

Government needs to get out of the way and allow Wall St. As much access to these lawmakers as possible. You won't regret it....

The system doesn't work it’s time for reform.

7 posted on 08/17/2011 8:21:12 PM PDT by Tempest (Ruining the day of corporate butt kissers everywhere.)
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Comment #8 Removed by Moderator

To: Fred

What an utterly flabbergasting coincidence!


9 posted on 08/17/2011 10:38:09 PM PDT by Psalm 144 (Voodoo Republicans: Don't read their lips - watch their hands.)
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To: jumpdates

Some reason for that link?


10 posted on 08/17/2011 10:41:28 PM PDT by Psalm 144 (Voodoo Republicans: Don't read their lips - watch their hands.)
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To: Fred

Congressional super committee open to highest bidder so this is change?.


11 posted on 08/18/2011 2:27:22 AM PDT by Vaduz
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