I thought this one would be harder.
Rep. Jo Bonner, the newest member of the Appropriations Committee, secured $245,000 for "Atmore road improvement" in the Transportation and Housing & Urban Development Appropriations bill for fiscal year 2008. (Sen. Richard Shelby requested the same in the Senate.)
The City of Atmore spent $80,000 on a pair of lobbying firms in 2007, the Bloom Group Inc. and Bradley, Arant, Rose & White LP. The Bloom Group's year-end report says, on page 2, that the firm was lobbying on, among other things, "Transportation HUD Appropriations bill, seeking federal funding for city projects ...
Continue readingWidget Week
Earlier this week we talked about all the cool new applications over at OpenCongress.org (which are really taking off), and today we're delighted to tell you that MAPLight.org has produced some new widgets that allow you to track fundraising for over 1,500 congressional candidates. These widgets are perfect for blogs, social networking pages, and personal Web sites, and they are completely customizable according to the candidates you are interested in.
The congressional money race widgets follow MAPLight.org's August release of presidential money race widgets that allow users to track funds raised by presidential candidates.
Continue readingInvesting in “US Inc.”
Citigroup reportedly is looking to raise additional foreign capital:
Citigroup is putting the final touches to its second big capital-raising effort in as many months, seeking up to $14bn from Chinese, Kuwaiti and public market investors.Under the proposal being discussed, the bulk of the money roughly $9bn would be most likely to come from China, people familiar with the negotiations say. The Kuwait Investment Authority would contribute about $1bn, while $2bn to $4bn would be raised through a public placement of shares.
The article, from the Financial Times, notes that Citigroup's attempt to shore up its finances by ...
Continue readingCongress to meet new patrons?
The New York Times reports that Merrill Lynch and several other big financial firms are seeking foreign investment to offset their losses brought on by their heavy betting on the subprime mortgage market, a development that may be troubling some in Congress:
To shore up its deteriorating finances, Merrill is now in discussions with investors in the United States, Asia and the Middle East, including American private equity firms, to raise about $4 billion in the coming days, these people said.The developments underscore the rising toll that the mortgage crisis is taking on many once-proud Wall Street banks. In ...
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Sunlight for Senate Campaign Contributions
For the past year, the Sunlight Foundation has worked to get a bill passed that would require Senators to file their campaign finance contribution reports electronically, allowing that information to be more readily available before elections than it is now. Passage of the bill has been blocked by Republicans, specifically Sen. John Ensign, for this same amount of time. We aren't going to give up on our fight to get S. 223 passed and intend to keep the pressure on this year. To kick things off we've made this video to explain the issue and keep the attention on Sen. Ensign and his unreasonable hold on the bipartisan bill:
Continue readingMcCain & Lobbyists
The Washington Post's Jeffrey H. Birnbaum and John Solomon report on Sen. John McCain's ties to lobbyists--especially the 32 lobbyists who are designated fundraisers (the preferred term is bundlers, but there are more colorful terms available to us) for his campaign.
The story does a good job of identifying who these lobbyists are and what interests their firms represent. The Post references this joint study by Public Citizen and the Campaign Finance Institute, but it looks to me like their numbers are different than the Post's. The study says that McCain has 20 lobbyists among his bundlers ...
Continue readingSen. Ensign Still Opposes Transparency
Sen. John Ensign continues to block the campaign finance electronic filing bill that Sens. Dianne Feinstein and Russ Feingold have been attempting to pass all year. The bill, which the Sunlight Foundation has fought hard to get passed, has 41 cosponsors including 16 Republicans (including Sens. Bob Bennett, Lamar Alexander, and John Cornyn among others). Despite this not being a partisan issue, Ensign insists on blocking consideration of the bill by offering an irrelevant and controversial amendment, which initially came from the offices of Sen. Mitch McConnell, to require outisde groups filing ethics complaints to disclose their funding sources. This has been noted as unconstitutional law and is an absurd requirement to demand.
Is the Senate Ethics Committee truly overburdened with cases? Sen. Ensign says that complaints in the Senate can be written "on a beverage napkin or written in crayon." I'm not sure what number of ethics complaints are submitted by drunks and children (or some combination of the two) but it can't be that high. In fact, the only known ongoing Senate Ethics Committee investigation was started by the Senate Republicans when they filed a complaint against Sen. Larry Craig for pleading guilty to possibly, maybe, perhaps being gay. Ellen just linked to a list of potential ethical issues facing a number of Republican Senators that could be investigated. If outside groups can file these complaints so easily - in crayon and on a beverage napkin - why isn't the Ethics Committee investigating anything?
Continue readingThe Machine is Using Ron Paul
A lot of Internet and politics experts have been sitting around waiting for someone in the 2008 presidential race to emerge as the next Net candidate in the mold of Howard Dean. After last night it appears that that candidate has been found. Ron Paul, a backbench 9-term congressman who previously sought the presidency on the Libertarian ticket in 1988, raised over $4 million online yesterday to set the record for most money raised by a presidential candidate online in a 24 hour span. The amazing thing about this haul of money is that it was not organized by the campaign but was instead a supporter generated “cashmob”. (The supporters actually referred to it as a “money-bomb”.) The Paul campaign took advantage of their supporter’s enthusiasm by creating the most transparent campaign finance decision possible: to publish in real-time each online donation as it happens. By making their campaign finance transparent the Paul campaign encouraged their supporters to do their own work by showing them exactly what they were accomplishing. It’s Howard Dean’s bat on crack.
Very Wobbly
When you get an article sent to you twice before 9 AM, and four times by noon, it deserves noting. Paul Krugman writes today about the nagging concern he has about whether the Democrats in Congress can stand up to the wealthy elite who finance their campaigns, spend billions on lobbyists, and offer lucrative future career opportunities. While he is ever the optimist, I think we know the answer. (In fact, he provides an example that gives us the answer in at least one instance.)
Krugman cites a poll saying that the public wants across-the-board change. Citizens who think America is on the wrong track were asked to suggest a phrase that best describes their concern. The most commonly chosen were "Big businesses get whatever they want in Washington" and "Leaders have forgotten the middle class."
Continue readingYoung Donors Max Out, Need Diapers Changed
Competition among bundlers is getting so competitive that fundraisers are getting their children to chip in. These aren’t grown children by the way; these are toddlers, babies, and prepubescent children without incomes - unless of course they’re working as cockney bootblacks (“Straight shine’s a nickel; super buff’s a dime!”). The Washington Post reported yesterday on this effort by bundling donors using their children and nieces and nephews as ways of funneling ever more money into the coffers of their favored candidate.
Continue readingSuch campaign donations from young children would almost certainly run afoul of campaign finance regulations, several campaign lawyers said. But as bundlers seek to raise higher and higher sums for presidential contenders this year, the number who are turning to checks from underage givers appears to be on the rise.
"It's not difficult for a banker or a trial lawyer or a hedge fund manager to come up with $2,300, and they're often left wanting to do more," said Massie Ritsch, a spokesman for the Center for Responsive Politics. "That's when they look across the dinner table at their children and see an opportunity."
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