by Joel McDurmon on Feb 2, 2012
From the Rand Paul website:
Sen. Rand Paul today took to the Senate floor to introduce an amendment to the Stop Trading on Congressional Knowledge (STOCK) Act. The amendment would bring an end to the revolving door between federal employees and companies lobbying for federal funding or loans. This corrupt relationship has led to billions in wasted taxpayer dollars—money awarded on highly debatable grounds to companies who were better politically connected than they were capable of actually repaying a government loan.
Paul said to the Senate,
These amendments are recognizing what the authors of these bills have been discussing, that people should not profit off of their involvement in government. They shouldn’t profit off of special relationships. They shouldn’t profit off of special knowledge they gain in the function of serving the people.
But the bill should go further: it should apply directly to the Executive branch as well.
Currently there are some large donors that have been giving to this Administration who have profited enormously and disproportionately.
This will allow this bill to apply to the Administration, and I don’t believe people who are multimillionaires and billionaires should use the apparatus of government as was used in the loans that were given to Solyndra by someone who is profiting off of their relationship and ties to the President, profiting off of people who used to work for these companies now, who are now employed in the administration and using these connections to get taxpayer money to go to private individuals.
This is wrong and this should stop. I think this bill is a great vehicle for discussing how people in government are abusing their roles in government to make more money at the expense of the taxpayer.
And I think it should end.
Geke.com has produced a series of “Ven Diagrams” showing the massive extent of the revolving door problem. In case after case, massive corporations have direct ties and even positions in the Federal government. I had seen a couple of these diagrams—Goldman Sachs and Monsanto—but I was totally shocked to find over a dozen of them. Here is one example, followed by the video of Paul’s speech.
Continue Reading on www.randpaul2010.com
by Joel McDurmon on Feb 2, 2012
From the Rand Paul website:
Sen. Rand Paul today took to the Senate floor to introduce an amendment to the Stop Trading on Congressional Knowledge (STOCK) Act. The amendment would bring an end to the revolving door between federal employees and companies lobbying for federal funding or loans. This corrupt relationship has led to billions in wasted taxpayer dollars—money awarded on highly debatable grounds to companies who were better politically connected than they were capable of actually repaying a government loan.
Paul said to the Senate,
These amendments are recognizing what the authors of these bills have been discussing, that people should not profit off of their involvement in government. They shouldn’t profit off of special relationships. They shouldn’t profit off of special knowledge they gain in the function of serving the people.
But the bill should go further: it should apply directly to the Executive branch as well.
Currently there are some large donors that have been giving to this Administration who have profited enormously and disproportionately.
This will allow this bill to apply to the Administration, and I don’t believe people who are multimillionaires and billionaires should use the apparatus of government as was used in the loans that were given to Solyndra by someone who is profiting off of their relationship and ties to the President, profiting off of people who used to work for these companies now, who are now employed in the administration and using these connections to get taxpayer money to go to private individuals.
This is wrong and this should stop. I think this bill is a great vehicle for discussing how people in government are abusing their roles in government to make more money at the expense of the taxpayer.
And I think it should end.
Geke.com has produced a series of “Ven Diagrams” showing the massive extent of the revolving door problem. In case after case, massive corporations have direct ties and even positions in the Federal government. I had seen a couple of these diagrams—Goldman Sachs and Monsanto—but I was totally shocked to find over a dozen of them. Here is one example, followed by the video of Paul’s speech.
Continue Reading on www.randpaul2010.com
by Joel McDurmon on Feb 2, 2012
Source @American Vision News
