Sunday, January 16, 2005

The Inauguration as a form of bribery

"Large corporations, many of which have enormous regulatory and policy interests in Washington, are paying for most of President Bush's inauguration,"reports Matt Stearns of Knight-Ridder. Bush is expected to tie a record he set in 2001 with a $40 million event (the previous record was $33 million set by Clinton in 1993). All of the money comes from private, mostly corporate sources who have an obvious interest in the policies of the Bush administration. Stearns reports the largest contributor so far are the financial service companies, who have so far donated $4 million, and who will benefit from Bush's scheme to establish private investment accounts as a part his Social Security reform, and who also benefit from the tax cuts. There are no legal limits on corporate contributions to this event. These are people who really understand that you get what you pay for (and more), unlike most citizens of this country. Donating to this event is a good investment for these corporate interests, in this legalized system of bribery.


1 Comments:

Blogger Steve said...

It’s a bargain price- you give W. 100K or so and in return, you get special amendments and legislation to help your business profit by millions.

1:47 AM  

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