Our Tax Dollars Being Used Against Us
March 10, 2010 at 11:49 AM Leave a comment
The scumbags we bailed out with our hard-earned tax dollars — automakers, banks — are now using that money to hire high-powered lobbyists to lobby on their behalf (and against ours): Bailed-Out Firms Start Rebuilding on K Street.
Big banks and automakers bailed out by the government are now on a K Street shopping spree.
Over the past few months, the biggest beneficiaries of the $700 billion financial bailout have hired a slew of blue-chip lobbyists to boost their presence in Washington.
Congressional lawmakers and consumer advocacy organizations pressured companies to stop lobbying when they took bailout money. But as the companies regain their health, with some banks soaring in the process, they are heavily lobbying the administration and Capitol Hill.
General Motors, which went to Washington in late 2008 in need of emergency aid and then passed through bankruptcy in 2009, has hired three outside lobbying firms already in 2010.
Lawmakers should have done more than “pressure” companies to stop lobbying when they took bailout money, they should have required it as a pre-condition to getting bailout money.
Entry filed under: Our Tax Dollars, We the People. Tags: .
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