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Thread: Donating for dollars? Many bailed-out banks still contributing to campaign funds

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    Donating for dollars? Many bailed-out banks still contributing to campaign funds

    This is reprehensible. Many banks who received bailout money are using some of those funds to give to political campaigns, both Democratic and Republican. This started with the Bush bailout, and continues with the Obama bailout. No matter which side of the aisle you are on, you should be really, really pissed that OUR money (yes, that's right, it's OUR goddamn money) is being given away to corporate welfare programs, and those receive the corporate welfare are kicking back money to those who sponsored this giveaway.

    Article is here.
    Last edited by danarhea; 03-23-09 at 04:03 AM.
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    Re: Donating for dollars? Many bailed-out banks still contributing to campaign funds

    Corporations shouldn't be allowed to contribute to political campaigns in the first place. Using taxpayer monies to corrupt our political system is just icing on the cake.

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    Re: Donating for dollars? Many bailed-out banks still contributing to campaign funds

    ****ing disgusting thats all I have to say.
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    Re: Donating for dollars? Many bailed-out banks still contributing to campaign funds

    Any politician who accepts any of this deserves what's coming to them.
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    Re: Donating for dollars? Many bailed-out banks still contributing to campaign funds

    I don't like the idea of this, not one bit. Banks should have had the foresight to curtail that spending and politicians to screen the donations out.

    But it's not really an outrage unless you think $1500 is enough to buy a congressperson. If you think it's ok for a corporation to donate to political campaigns then it's a relatively normal business expense.

    Really, this is more redirected rage about the whole idea of the bailout to begin with, imo.

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    Re: Donating for dollars? Many bailed-out banks still contributing to campaign funds

    Quote Originally Posted by danarhea View Post
    This is reprehensible. Many banks who received bailout money are using some of those funds to give to political campaigns, both Democratic and Republican. This started with the Bush bailout, and continues with the Obama bailout. No matter which side of the aisle you are on, you should be really, really pissed that OUR money (yes, that's right, it's OUR goddamn money) is being given away to corporate welfare programs, and those receive the corporate welfare are kicking back money to those who sponsored this giveaway.

    Article is here.
    They already do this with applying regulations.

    Deregulate one portion of the economy without doing it to the rest and the deregulated part gets a boost at the expense of the still heavier regulated side.

    This is just more direct.
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    Re: Donating for dollars? Many bailed-out banks still contributing to campaign funds

    Aren't these donations from PACs which are funded by individuals? Corporation cannot contribute directly to candidates or through PACs.

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    Re: Donating for dollars? Many bailed-out banks still contributing to campaign funds

    Quote Originally Posted by Korimyr the Rat View Post
    Corporations shouldn't be allowed to contribute to political campaigns in the first place. Using taxpayer monies to corrupt our political system is just icing on the cake.
    horrible analogy. I love icing.


    No, but seriously. This is highly unethical, and I want nothing more than what ever candidate is sleazy enough to accept the money to be disqualified
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    Re: Donating for dollars? Many bailed-out banks still contributing to campaign funds

    Quote Originally Posted by TOJ View Post
    Aren't these donations from PACs which are funded by individuals? Corporation cannot contribute directly to candidates or through PACs.
    For some reason the OP didn't sound right, but I assumed I was just missing something. This is it. Thank you.
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    Re: Donating for dollars? Many bailed-out banks still contributing to campaign funds

    Quote Originally Posted by RightinNYC View Post
    For some reason the OP didn't sound right, but I assumed I was just missing something. This is it. Thank you.
    I thought I must be missing something also. The OP and some of the other posters were going completely bonkers over it with statements like 'it's OUR goddamn money' and 'Corporations shouldn't be allowed to contribute to political campaigns in the first place'.

    A corporation cannot donate to political campaigns and if they set up a PAC, the only thing they can use corporate funds for is to cover expenses. They can only contribute funds to political campaigns that have been collected from individuals and they cannot reimburse those individuals. Our legal and financial people have been absloutely anal about this.

    .

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