"The financial sector invested more than $5 billion in political influence-purchasing in Washington over the past decade, with as many as 3,000 lobbyists winning deregulation and other policy decisions that led directly to the current financial collapse. Full Story »
Posted by Dwight Rousu
The announcement of the report includes links to more details and the full report. Lobbying and campaign contributions by rich corporations are accompanied by former officials betraying their status by working as lobbyists to corrupt the system for short term profit.
This article is aimed at a particular conclusion. I think the conclusion is a valid one but from the standpoint of objective journalism, it should have considered opposing views and possible alternative interpretations of the data.
The data reported in this article make it perfectly clear that the United States does not have a functioning democracy. Instead we have a market based government in which money equals influence and policy is written to favor whoever comes up with the most money. This will not end until we create a viable publicly funded alternative to the current privately funded campaign system. If we do not accomplish this, the combination of greed and foolishness manifested in by the sources of ... More »
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