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April 19, 2010

Here Comes The Corporate Money

-- by Dave Johnson

Here comes the corporate money and it is as bad as you can imagine. Lies, smears... Money is flooding in from Wall Street, smearing members of Congress who want to regulate Wall Street, accusing them of ... being on Wall Street's side.

The Bankers’ Latest Scam,

In January and February she began tracking deceptive ads targeting Democrats in ten states that tie bank reform legislation to “Wall Street bailouts.”

One such television ad in Montana urges voters to contact Senator Jon Tester and tell him to oppose a “$4 trillion bailout” for Wall Street.

The ad, paid for by a group called the Committee for Truth in Politics, begins with ominous music as words appear on a black screen:

“Fat cat lobbyists. Special interests. Lining their pockets at our expense. HR 4173 already passed in the U.S. House.” Photos of House Democrats Nancy Pelosi and Barney Frank flash past. More words appear: “Soon to be considered in the Senate.” Photos of Harry Reid and Chris Dodd standing beside Frank and Pelosi pop up, followed by pictures that move almost too fast to follow: Wall Street, wads of cash, a man smoking a cigar and two men in suits shaking hands in front of the White House, scenes of people out of work, the word “foreclosure” and the figure $4,000,000,000,000. Then more words appear: “The Big Bank Bailout Bill. Lobbyists and Bureaucrats. They play. We pay.” (Photos of ordinary Americans.) “More taxes. Spending. Debt.” (A beleaguered-looking citizen in reading glasses, apparently doing his taxes.) “Call Your Senators” (phone numbers for Senators Max Baucus and Jon Tester). “We won’t be fooled again. EVER.”


HOW do we fight this?

Posted by Dave Johnson at April 19, 2010 8:36 PM


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