30th July, 2012 - Posted by Hillary V Lehr - 1 Comment
According to Wall Street, it’s worth approximately $4.2 billion. That’s how much the Finance, Insurance, and Real Estate (FIRE) sector has invested in political influence via campaign contributions and lobbying over the past six years.
That’s $1,331 dollars spent every minute since 2006 to buy political influence.
Today, Global Exchange is releasing a ground-breaking new report: “Meet the F.I.R.E. sector: How Wall Street is Burning Democracy.”
This nonpartisan report contains not only extensive research tracking Wall Street’s investment in political power, but also analyzes exactly how Wall Street has secured ‘industry-loyal voting practices’ of Congress using whopping amounts of money.
Using our new legislative scorecard from the report, you can trace how legislators from your district voted on key issues such as the bank bailout, Wall Street reform, free trade agreements and more. Not only that, but you can also see for yourself how much money they received in campaign contributions from the F.I.R.E. sector, and their ‘industry loyalty voting rate.’
There are many complex factors that impact how legislators vote, but corporate sponsorships shouldn’t be one of them.
It is up to us to reclaim and protect democracy.
Knowing is half the battle. So please, help us spread the word. Use the Facebook and Twitter buttons to forward this legislative scorecard to family and friends. Ask them to take a look and let the numbers speak for themselves.
Remember, we’re not telling you who to vote for. We’re asking you to follow the money. Our goals are not to influence the outcome of one election, but to spark dialogue about accountability & transparency, and stop Wall Street from burning our priceless democracy.
- Check out our “Meet the F.I.R.E. sector: How Wall Street is Burning Democracy” report and scorecard
- Would you like a free color copy of the report? Become a Global Exchange Monthly Sustainer (GEMS) and we’ll mail you a copy;
- Leave a comment below:How might you or your community use these tools?
Tags: #occupy, Banks, big banks, campaign finance, corporate campaign contributions, democracy, elect democracy, elections, finance, fire, insurance, money in politics, petition, real estate, us election, wall st, Wall Street
Posted on: July 30, 2012