March 24, 2011
They Don’t Make ’em Like That Any More

Jim Hightower writes:

…While the great majority of workaday Americans are struggling to make it on about $30,000 a year — and having, at best, puny pensions and iffy health coverage — these incoming lawmakers tend to be sitting pretty on hundreds of thousands of dollars each in accumulated wealth. Their financial reports show them holding extensive personal investments in such outfits as Wall Street banks, oil giants and drug makers.

Their wealth and financial ties might help explain the rush by the new Republican House majority to coddle these very same corporate powers. From gutting EPA’s anti-pollution restrictions on Big Oil to undoing the restraints on Wall Street greed, they’re pushing for a return to the same laissez-fairyland ideology of the past 20 years that got our country in massive messes…

The late and incontestably great progressive senator from Nebraska, George W. Norris, was my wife’s grandfather. The senator refused to own stocks or bonds in any company whatever, on the grounds that a senator cast so many votes on so many matters that it would be impossible to avoid at least the appearance of self-interest. What little money he had was invested exclusively in U.S. government securities.


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Posted by Jerome Doolittle at March 24, 2011 10:56 AM
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