It’s On Record: Corporations Really Do Directly Bribe & Enrich Politicians

Breitbart.com has a summary of yesterday’s 60 Minutes expose of how members of Congress spend massive amounts of “campaign” cash on themselves and their lifestyles.

One example among many is a warmonger, pro-domestic-spying Republican:

Sen. Saxby Chambliss’s (R-GA) leadership PAC dropped $107,752 at the Breakers resort in Palm Beach during the 2012 election cycle. That is over three times as much money as he gave the National Republican Senatorial Committee to get fellow Republicans elected. One year, Chambliss spent nearly one-third of his entire leadership PAC funds on golf, limos, and at least one private jet ride. His leadership PAC also picked up a $26,814 dinner tab at Ruth’s Chris Steakhouse and $10,344 at Pebble Beach.

They also get to loan their own money to their campaigns at high rates of interest. In that way they effectively raise funds for their campaigns which then go directly into their own personal incomes.

Rep. Grace Napolitano (D-CA) has bagged at least $294,245 since 1998 by loaning her congressional campaign money at interest rates up to 18%—a scheme that effectively funneled campaign contributor donations into her personal bank account.

The story also covered nepotism. Since I don’t believe in anti-nepotism rules, I don’t think this is as strong a criticism. Obviously, you need people you can trust in politics and sometimes family members are your best resource. This allows 60 Minutes and Breitbart.com to go after Ron Paul. Perhaps I’m being to easy on him. You can decide for yourself whether Ron Paul is living up to or falling short of his ethics in this case.

The 60 Minutes report is supposedly just a small part of the whole story. A forthcoming book (by Breitbart’s news editor) is supposed to also cover Obama and, my favorite, Eric Holder.