30 Democratic Senator Sell-Outs
by Deacon Blues
Here are the 30 Democratic senators (more than half of those who voted in favor) who passed the Crominus spending bill yesterday and sent it on to President Obama for his certain signature. They knowingly endorsed a bill that stripped out a key protection of the Dodd-Frank financial reform bill, and a bill that endangered the pensions of many Americans.
Begich (D-AK) (defeated in 2014)
Bennet (D-CO) (defeated in 2014)
Durbin (D-IL) (leadership)
Hagan (D-NC) (defeated in 2014)
Johnson (D-SD) (didn’t run in 2014)
Landrieu (D-LA) (defeated in 2014)
Mikulski (D-MD) (leadership)
Murray (D-WA) (leadership)
Pryor (D-AR) (defeated in 2014)
Reid (D-NV) (the leader)
Rockefeller (D-WV) (didn’t run in 2014)
Schumer (D-NY) (leadership)
Udall (D-CO) (defeated in 2014)
Walsh (D-MT) (defeated in 2014)
Note how many of these senators were leaving office and therefore free to vote for the middle class without consequence. Instead they cast a vote for their next job as a lobbyist.
As for you Harry Reid, Dick Durbin, Chuck Schumer, Pat Leahy, Patty Murray, and especially Barbara Mikulski, how does it feel to speak out of both sides of your mouth?
Update: You might ask how a House Democrat could so easily vote to allow the same banks who destroyed the economy and stuck taxpayers with the tab back in 2008 to do it again just six years later. The answer? Money talks. According to MapLight, the banking industry bought and paid for those House Democrats.
One of the most controversial provisions is a measure that was written by lobbyists for Citigroup. The provision rolls back part of the Dodd-Frank Wall Street Reform and Consumer Protection Act that prohibits entities insured by the Federal Deposit Insurance Corporation (FDIC) from trading complicated financial devices known as custom swaps, a type of derivative. Just four banks, Bank of America, Citigroup, Goldman Sachs and JPMorgan Chase, control more than 90 percent of the banking industry's swaps market.
PACs of Citigroup, Goldman Sachs, Bank of America, and JPMorgan Chase, banks representing more than 90 percent of the swaps market gave, on average, 3.9 times more money to Democrats voting 'YES' ($12,956) than democrats voting 'NO' ($3,293).
And the industry as a whole saw this opportunity a long time ago and made sure to buy the government they wanted.
Lobbying: MapLight analysis of lobbying spending by the top four banks, Bank of America, Citigroup, Goldman Sachs, andJP Morgan Chase, during the 113th Congress.
•Since January 1, 2013, the top four banks have spent a combined $30.7 million lobbying Congress and federal agencies.
•In the first three quarters of 2014, the four banks spent $13.1 million on lobbying.
•In 2013, the four banks spent $17.6 million on lobbying.
Remember this when the economy crashes again and you wonder why we're picking up the tab.