See the new www.PolitiFact.com web
site HERE,
much like www.factcheck.org
There's something very nasty about all of
these sub-prime mortgage foreclosures.
Yes, borrowers must be more responsible and shouldn't buy things
they can't afford, but what about the bankers financing them?
They mortgage a house to someone who can't afford it, and when the homeowner defaults they
foreclose and sell the house to someone else and the process
starts all over again with a new victim. Don't the banks have a
public obligation to stop people before they hurt themselves
and their family? Or is all of this needed so they can continue
building new banks on every corner, thus putting all the
carpenters to work?
Would this be happening if
commercial banks were not the sixth highest campaign
contributing industry? If they were not so free with their
political money, would we not see stiff regulations controlling
who they were lending to and sensible rules governing
foreclosures? Or at least the outlawing of variable rates that
rise after a buyer is locked in?
Should instead the politicians be saying to the bankers
"tough, guys, you made some stupid loans, now eat 50% of the
losses?" Should there not be a mandated moratorium on
foreclosures, rather than laws protecting the bankers? Or
instead is there going to be another industry bailout?
These are obviously questions the
banking industry would not like asked. Nor the politicians
taking their money.
According to
OpenSecrets.org, banks gave $25,881,345 in 2006, 61% to Republicans.
From
www.TooMuchOnline.org
In June, the Environmental Working Group
crunched data from “previously
unpublished USDA subsidy records” to generate a first-ever
comprehensive look at federal farm subsidy beneficiaries. Nearly
half of the $34.8 billion in federal crop subsidy checks that
went out from 2003 through 2005, this new research found, went
to
just 5 percent of subsidy check-cashers.
The top 1 percent of beneficiaries, the
data reveal, averaged $377,484 each in subsidy checks over this
three-year period. The bottom 80 percent of the farm operations
that qualified for subsidies, by contrast, averaged just $4,508.
Earlier this month, the Nebraska-based
Center for Rural Affairs added an even more troubling twist to
this rural inequality story. The Center compared, over
three-year stretches, the federal tax dollars going to the 20
largest crop subsidy beneficiaries in each of 13 rural states
with the federal economic development aid going to the 20 most
struggling rural counties in those same states.
Overall, this
new research found, the 260 most favored beneficiaries of
federal crop subsidies in the 13 states surveyed are receiving
more federal aid dollars than the nearly 3 million people who
live in the states' 260 most hard-pressed rural counties.
Residents in these distressed counties have
averaged, over the latest three years with data available, $53
each in federal development aid. The top 260 crop subsidy
beneficiaries have averaged, in their most recent three years of
federal subsidies, just over $1 million each.
Two professors plan bipartisan bid for
Sensenbrenner's seat
MILWAUKEE - Two
Concordia University professors are planning an unusual
bipartisan campaign to unseat U.S. Rep. Jim Sensenbrenner.
Political scientist Jeff Walz, 40, plans to run against the
longtime Republican congressman as a Democrat. Historian James
Burkee, 39, will run as a Republican.
The two plan to campaign together and combine their promotional
efforts.
It's about time
we had an option to Sensenbrenner. It's time for him to go. Now
you can pick your Republican or Democrat replacement.
See the
complete article
HERE
This is
refreshing. Anyone is better than Sensenbrenner and his
conflicts of interest.
Part-time politicians: Many state lawmakers have other jobs
State Rep. Mike Sheridan faces some busy days as a member of the
Wisconsin Legislature and head of one of the most well known
union chapters in Janesville.
"There's some days where I might start out in Janesville in the
morning, I go to Madison for a couple meetings, and then I'm
back in Janesville for the afternoon," he said.
But Sheridan, D-Janesville, makes his schedule work because he
thinks it's important to honor the commitments he made to the
United Auto Workers and to
the Wisconsin Assembly, he said.
See complete article
HERE
Come on,
this is more than just having a second job. It is a conflict
of interest when voting on legislation that affects your
outside employer. Would we accept a legislator who
worked part time at WMC? Of course we wouldn't, and Sheridan
and the other half of the legislature should give up their
part time jobs. Increase their salaries, if you will, but
demand only one paycheck and loyalty to the public.
Lawmakers seek
[unpaid] time off work for families of deployed soldiers
See the complete story
HERE
And guess
who opposes unpaid leave for helping your child prepare
for shipping out to Iraq: Our friends at WMC.