Washington Does Business
Submitted By Todd on January 18th at 9:03am
How does one...
Wall Street may be bruised and battered, but it still donated more money than any other U.S. industry to President-elect Barack Obama's inaugural festivities on Tuesday, a study has found....change the way Washington does business...
The Center for Responsive Politics said executives of finance, insurance and real estate companies and their family members gave $7.1 million to Obama's inaugural committee.... when business...
Bankers and hedge fund managers will mingle with Hollywood stars and Silicon Valley high-technology titans at the swearing-in ceremony for the 44th president, the parade down Pennsylvania Avenue and the balls and parties that follow....isn't changing the way it buys Washington?
Special access and tickets are reportedly available to those who contributed $50,000 to the inaugural committee or who helped "bundle" larger sums from multiple individual donors, the center said.Is it possible to change Washington when so much money is needed to get there?
"If history is any guide, these wealthy individuals, as well as the corporations and industries they represent, may more than recoup their investment in Obama through presidential appointments, favorable legislation and government contracts," said Sheila Krumholz, executive director of the nonpartisan money-in-politics watchdog group.Just wondering.
People with Wall Street ties -- 118 of them -- gave $3.6 million; lawyers gave $2.5 million; and donors from the TV, movie and music businesses gave $1.7 million, the center said.