As late as February politicians were still taking campaign contributions from TARP recipients. (click the image below for the story).
While the AIG bonus fiasco was unraveling, politicians and the media whipped our population into a frenzy, demonstrating once again how easily some (if not most) Americans can be manipulated through fear and anger to adopt whatever stance they are told to take. Critical thought be damned.
Even though this bonus money was .01% of the money that has been distributed, politicians crowed “It’s not about the amount of money, it is about the principle.”
For all of you who were so easily whipped into the frenzy over AIG, how about whipping up a little frenzy toward your politicians who are STILL taking political contributions from companies that took TARP money. Where is the anger and the outrage? Where are the bus tours of the politicians homes? Where is this populist uprising now? The amounts may seem small ($5k here and $5k there), but they are taking taxpayer money, and remember … it’s the principle.
Click the image for an NBC report on politicians that are still taking donations from TARP recipients.