Sense on Cents

With this commentary, I welcome inducting Peter Schweizer of the Hoover Institution at Stanford University into the highest echelon of the Sense on Cents Hall of Fame.

If you do not think that the folks in Washington employ practices (e.g, shakedowns, protection money) commonly connected to those engaged in ‘organized activities’, then take the mere 5-minutes to view a recent Yahoo clip highlighted below with the acclaimed author of the recently published Extortion: How Politicians Extract Your Money, Buy Votes, and Line Their Own Pockets.

Schweizer opines on a standard Washington practice directed at business owners and executives.

“If they don’t offer up campaign donations…lobbying contracts for friends or family members, bad things will happen to them so they feel compelled to give when they would rather just be focused on building their business.” 

Schweizer wants the system to change. He recommends that Congress do what 27 states have done: restrict members from soliciting or receiving campaign contributions while Congress is in session and restrict spending by leadership PACs–those PACs formed by politicians, not businesses or unions, to help finance political campaigns.

What else to do? Well, let me ask you, what is the average seating capacity on a school bus?

Let’s be generous and allow one person to a seat. For argument purposes, let’s assume there are 35 seats on the bus. With 535 members in Congress, we only need 15 school buses to round up the mob-like denizens occupying Congressional seats and clean the town out.

Perhaps then we might be able to vacuum out the cesspool that the genteel crowd refers to as Washington DC. In all seriousness, though, is there really any doubt that our nation is rotting from within?

Can you say term limits and serious campaign finance reform? Without those measures in place, we can remained bent over as we are right now and continue to kiss our a$$ good-bye.

Thank you Mr. Schweizer and thank you to the regular reader who brought this to my attention.

Navigate accordingly, and in doing so, please share this clip with as many of your friends, family, and colleagues as possible.

Larry Doyle

Please pre-order a copy of my book, In Bed with Wall Street: The Conspiracy Crippling Our Global Economy, that will be published by Palgrave Macmillan on January 7, 2014.

For those reading this via a syndicated outlet or receiving it via e-mail or another delivery, please visit the blog to view this clip and to comment on this piece of ‘sense on cents.’

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I have no business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.

This entry was posted on Saturday, October 26th, 2013 at 6:23 AM and is filed under General, Washington D.C.. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.