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Edited on Wed Sep-24-08 04:57 PM by karynnj
Their policy only lets you write one letter a month and they printed my other one recently, so he wrote this to answer a typical RW talking point letter on Freddie Mac and Fannie Mae from the same guy who wrote the last one. They emailed they will print this.
"Bill Rosen in his 9/20 letter to the editor repeats a constantly cited Republican talking point by saying that Barack Obama and John Kerry, along with Chris Dodd have received the most money from Freddie Mac and Fannie Mae. This is extremely misleading because it is intended to imply the money is from the company. In addition to PAC money, individual contributions to political campaigns by people who work for these companies are included in those totals. When you donate money, you have to identify the company you work for and your contribution is aggregated with others from your company. The report on the open secrets.org website, shows that the vast majority of money going to Kerry and Obama was from individual contributions. Only $2000 and $6000 respectively was from the PAC. They are among the highest on the list because of their Presidential campaigns. The Republicans raised far less money this year and President Bush was obviously not on the list of Senators. Senator Kerry fought the corruption of the BCCI bank, while Senator McCain was reprimanded by the Senate ethics committee as one of the Keating 5. Senator Obama was a lead player in putting teeth in the new Senate ethics bill, to which Senator Kerry contributed the Ward Cunningham amendment which starting in 1/1/2009 will take away Congressional pensions for people convicted of felonies. This was Bush’s watch and the Republicans were the party of deregulation. Obama, not Clinton is running."
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