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      No, central banks aren’t screwing the economy up with their purchases: Veolia (Paris:VIE) has issued a 500 million 3-year EUR bond (maturity November 2020) with a negative yield of -0.026 %, which is a first for a BBB issuer. To be clear, central banks didn’t buy those bonds, investors did. But central bank purchases of […]
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#Menendez and CORRUPTION: Just Sayin’

I’m no fan of corruption and we should all be repulsed by the idea that someone who gives you money should be allowed to influence policy.

So, what are we to make of the unlimited amounts of cash streaming into the coffers of just about every elected official from companies who have suddenly discovered that money equals free speech, courtesy of the Citizens United ruling (thank you, John Roberts). Then these companies pay lobbyists to write legislation for them. That lobbyist written legislation gets passed to the pre-paid congressmen and senators who then sponsor the bills and then vote on them.

Think of how many corrupt politicians could be cleaned out if Obama’s justice department went after them all. He’d be doing us a favor.

Why stop with New Jersey?

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6 Responses

  1. Just noticed that over at Eschaton, there’s a banner ad encouraging us to Join the NRA and receive a free duffel bag! Pretty funny. I have no problem with anyone taking ad money from the NRA btw. If you are an eschaton reader, you’re not a 2nd amendment freakazoid to begin with so, no harm done.
    But what if we all joined the NRA anyway? Think of the possibilities.

  2. Why start with New Jersey? Why, Holder, why?

    • Yeah, it seems like a bit of low hanging fruit. Jimmy Hoffa already did the prelimary work.
      Mississippi would be my first choice.

  3. Somebody stepped on the wrong toes?

    • Not sure. I wait to be enlightened. Let’s just say it sounds very much like a Rangel situation. Time and money wasting. And it’s Our side investigating its own. We know that the finance industry bought Obama so who knows what they’re up to?
      Melendez is not the guy who comes to mind when I think of CORRUPTION. He’s been under a microscope since he took Corzine’s seat. Let’s just say he’s had very good reasons to watch his steps.
      It just doesn’t seem likely to me.

  4. I’m sorry, RD, but it wasn’t Citizens United that first established the legal equivalence of money and speech. That decision was Buckley v. Valeo (1976), which struck down the contribution limits established by the 1974 amendments to the Federal Election Campaign Act. The plaintiffs were a pretty odd assortment: James Buckley (Conservative Party Senator from New York and brother of William F. Buckley), Eugene McCarthy, the Peace and Freedom Party, the Libertarian Party, the ACLU, and the American Conservative Union.

    Citizens United may have made things worse, but it merely built upon the rotten foundation laid by Buckley.

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