By Peter Schweizer
A bombshell research unearths how Washington rather works: politicians extort cash from us, then use it to shop for each one other’s votes. Best-selling writer Peter Schweizer reveals:
*Obama’s "Protection Money": How the Obama management certain industries for legal research yet selected to not pursue key political donors.
*John Boehner’s "Tollbooth": How the Speaker of the home extracts funds via soliciting political donations prior to he'll carry the most important votes at the condo floor.
*The "Slush Fund": How politicians extract "campaign contributions" after which convert them to bankroll lavish existence entire with limos, deepest jets, golfing at five-star hotels, advantageous wines, and funds for kinfolk members.
*Capitol Hill’s "Underground Economy": How congressmen use a little-known loophole that permits them to secretly hyperlink their votes to cash.
Extortion ultimately makes transparent why Congress is so dysfunctional: it’s all approximately earning profits, now not making law.
Read or Download Extortion: How Politicians Extract Your Money, Buy Votes, and Line Their Own Pockets PDF
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Extra info for Extortion: How Politicians Extract Your Money, Buy Votes, and Line Their Own Pockets
Or they feel they must give generously to a powerful congressman who faces no challenger. As we will see, members of Congress often have very successful campaign fund-raisers immediately after an election. Conversely, giving to the wrong candidate in a tight race can make a donor a target. One lobbyist recounts how his firm gave money to the loser of an election (a Democrat). After the election, the winner (a Republican) called the lobbyist and asked for a donation that was much larger than the check the lobbyist had cut to the Democrat.
In December 2011, Camp kept it open whether tax extenders would be, well, extended. 39 Meanwhile, his fund-raisers took in a massive number of checks from those who were jostling most over the extenders—corporate PACs and lobbyists. Camp received PAC checks from the Redding Rancheria Indian Tribe in California (concerned about expiring tax credits for companies establishing businesses on Indian reservations) as well as the Association of Home Appliance Manufacturers, Blue Cross, the Real Estate Roundtable, and others.
Issuing a blunt warning to large businesses, Hanna gave them an “assessment,” an “invoice” of sorts, that they were expected to give to the Republican Party. If they failed to pay it, they would face big trouble. Standard Oil was assessed a $250,000 fee. 5 million (over $67 million in 2012 dollars). It sounds relatively small by today’s hyperbloated standards, but at the time it was huge. S. secretary of commerce and labor, to head up the Republican National Committee. In his cabinet capacity, Cortelyou had oversight of the Bureau of Corporations, which was responsible for investigating any corporations whose business crosses state lines.
Extortion: How Politicians Extract Your Money, Buy Votes, and Line Their Own Pockets by Peter Schweizer