Quarterly report for the super committee

The super committee is doing an excellent job achieving it’s primary goal of getting reelected. The six House members of the Joint Committee on Deficit Reduction raised at least $371,690 from the finance, insurance, and real estate (FIRE) sector in the third quarter of 2011, according to Public Campaign analysis of filings with the Federal Election Commission (FEC) released today with the New Bottom Line Campaign. Co-Chair Jeb Hensarling (R-Texas) raised the most out of House members from the sector, bringing in $158,240.

Key Facts from the Analysis:

  • The top recipient of Wall Street money on the committee so far is Co-Chair Jeb Hensarling (R-Texas), who took $158,240 from the financial sector in the third quarter of 2011.
  • Insurance interests provided the largest chunk of money from the sector, giving 28%, or $103,350, in donations to the House members.
  • 92% of the sector’s donations came in amounts of $1,000 or more.
  • PACs representing some of the country’s biggest financial firms handed over money to committee members, including Goldman Sachs, Bank of America, Citigroup, Capital One, and the American Bankers Association.

Read the whole story at PublicCampaign.org

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About James Crist

How do we stop America's decline? The country is in trouble and we can all feel it. Where did we go wrong? How do we fix it? We now have an auction-based government, for sale to the highest bidder. Politicians have become nothing more than corporate whores and pawns for the rich. If we want our representatives to represent us, let them get their campaign money from us, their constituents. We have to amend the constitution to get the big money out of politics.
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