documents:cosproject:surge:article_19-corruptinginfluencemoneyinpolitics
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| documents:cosproject:surge:article_19-corruptinginfluencemoneyinpolitics [2018/03/24 17:58] – Oliver Wolcott | documents:cosproject:surge:article_19-corruptinginfluencemoneyinpolitics [2018/03/25 11:24] – Oliver Wolcott | ||
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| **Vickie Deppe, Illinois Legislative Liaison, Convention of States Project** | **Vickie Deppe, Illinois Legislative Liaison, Convention of States Project** | ||
| - | {{article_19-corruptinginfluencemoneyinpolitics_Image_0.png}} | + | {{: |
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| - | American taxpayers have lost multiple billions of dollars on companies owned by big political donors who received federal funding and then went bankrupt. | + | ---- |
| - | </blockquote> | + | |
| + | //American taxpayers have lost multiple billions of dollars on companies owned by big political donors who received federal funding and then went bankrupt.// | ||
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| Most Americans are legitimately suspicious of lobbyists and big-money political donors…so much so, that the Supreme Court’s //Citizens United// decision sparked its own Article V movement. | Most Americans are legitimately suspicious of lobbyists and big-money political donors…so much so, that the Supreme Court’s //Citizens United// decision sparked its own Article V movement. | ||
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| Another vehicle for cronyism rests in the power of politicians to use taxpayer money to invest in and award grants, loans, and loan guarantees to for-profit businesses. Why should the politically- | Another vehicle for cronyism rests in the power of politicians to use taxpayer money to invest in and award grants, loans, and loan guarantees to for-profit businesses. Why should the politically- | ||
| - | {{article_19-corruptinginfluencemoneyinpolitics_Image_2.png}} | + | {{: |
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| - | Americans agree that a business should succeed because it offers a superior product or service to its customers...not because it has friends in Washington. | + | ---- |
| - | </blockquote> | + | |
| + | //Americans agree that a business should succeed because it offers a superior product or service to its customers...not because it has friends in Washington./ | ||
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| connected get to shake down the American taxpayer when they couldn’t convince local banks and investors to fund their projects? American taxpayers have lost multiple billions of dollars on companies owned by big political donors who received federal funding and then went bankrupt. Moreover, when the federal government invests in businesses, even as it regulates them and the financial markets in which they function, it acts as both referee and player. This creates an additional dimension of conflict-of-interest that everyday Americans find unacceptable. The only way this practice will be stopped is for the states to propose and ratify an amendment prohibiting it; there is too much power and money involved to expect Congress to reform itself. | connected get to shake down the American taxpayer when they couldn’t convince local banks and investors to fund their projects? American taxpayers have lost multiple billions of dollars on companies owned by big political donors who received federal funding and then went bankrupt. Moreover, when the federal government invests in businesses, even as it regulates them and the financial markets in which they function, it acts as both referee and player. This creates an additional dimension of conflict-of-interest that everyday Americans find unacceptable. The only way this practice will be stopped is for the states to propose and ratify an amendment prohibiting it; there is too much power and money involved to expect Congress to reform itself. | ||
documents/cosproject/surge/article_19-corruptinginfluencemoneyinpolitics.txt · Last modified: 2021/02/23 16:14 by 127.0.0.1