“…Washington has morphed into an extortion racket, a place where members of the permanent political class threaten to inflict legislative and regulatory pain to extract campaign donations that they can then siphon into the pockets of themselves and their family members. In a new book featured this Sunday on 60 Minutes titled Extortion: How Politicians Extract Your Money, […]
This is political or foreign affairs commentary.
“Rep. Grace Napolitano (D-CA) has bagged at least $294,245 since 1998 by loaning her congressional campaign money at interest rates up to 18%–a scheme that effectively funneled campaign contributor donations directly into her personal bank account.” To Read the Full Article, Click Here.
“Most Americans believe it’s against the law for congressmen and senators to profit personally from their political office but it’s an open secret in Washington that that’s not the case. As the saying goes the real scandal in Washington isn’t what’s illegal, it’s what is legal… Peter Schweizer: I think campaign fundraising is increasingly […]
“On Sunday, a 60 Minutes investigative report by veteran CBS reporter Steve Kroft and Government Accountability Institute (GAI) President and Breitbart News Senior Editor-at-Large Peter Schweizer revealed how leadership PAC loopholes allow members of Congress to convert campaign cash into lavish lifestyle upgrades for themselves and their family members. ” To Read the Full Article, Click Here.
“Members of Congress and their staffs are on red alert tonight for a CBS 60 Minutes investigation by veteran CBS reporter Steve Kroft and Government Accountability Institute (GAI) President and Breitbart Nes editor Peter Schweizer exposing how lawmakers convert campaign donations into lavish lifestyle upgrades for themselves and their family members.” To Read the Full […]
MSNBC offers an important analysis of what is going on in Washington over the problem of congressional insider trading. As they point out, the big problem is going to be enforcing the law. The bottom line however is that the STOCK Act in my opinion does not go nearly far enough. It will not stop […]