Bloomberg has yet another stunning revelation that Tea Party Congressional members are being funded heavily by the Banksters.
Tea Party favorites such as Stephen Fincher of Tennessee were swept into Congress on a wave of anger over government-funded bailouts of banks.
Now those incumbents are collecting thousands of dollars for re-election campaigns from the same Wall Street firms whose excesses they criticized. They have taken no significant steps to curb them or prevent future taxpayer-financed rescues.
Pretty disgusting huh? These same people were elected to Congress on pure bank bail out outrage. They ran out it, campaigned against the banks and their bail outs, railed on and on about the corporate machine. Little did people realize they were actually voting in exactly the person the banks wanted. Matt Taibbi hit upon the massive manipulation by Wall Street via the Tea Party a year ago:
It's not just the Tea Party that is absolutely corrupted and a trojan horse. After all, Goldman Sachs has given contributions to both Mitt Romney and Barack Obama. In other words, most corporations play both sides, it doesn't matter who wins. The only thing guaranteed is you will lose, no matter which way you vote or how many letters you write to your congressional representatives imploring them to pass one practical, sane piece of legislation.
Think Progress did quite the expose on the Koch Brothers, funding organization after politician pretending to be grassroots. Yet the left have their own special interests, including those pushing for more illegal immigration.
The more important feature of Representative Ryan's tax plan is that it would reduce the tax rate faced by the wealthy from 39.6 percent under current law to 25.0 percent. This implies an enormous tax cut for the wealthiest people in the country.
If this tax cut is offset by eliminating tax breaks, as Representative Ryan claims would be the case, then it would imply large increases on middle class families through the elimination of tax breaks such as the mortgage interest deduction and the deduction for employer provided health insurance.
It would have useful to tell readers that Representative Ryan wants to finance large tax cuts for the wealthy with big tax increases on the middle class.
To see how little the people matter and elections are more about voting for the least objectionable corporation, check out open secrets. Look up your own representative. Following the money can finally explain your representative's nonsensical voting record.
Bottom line elections and representation, including legislation, is the battle of the corporate lobbyists and big money special interests. Regular people, or what plain makes common sense, doesn't stand a prayer's chance. The only difference here is a new twist, manipulating you so severely you actually vote for your own economic destruction.