Blast 'em

This Blast 'em blog is going to shine a much needed bright light on legislative shanigans. We will provide details of the wrong doing, give names of the doer, and describe the ramifications to the public. Initially we will focus primarily on consumer issues.

Tuesday, April 25, 2006

LEGAL BLACKMAIL

Twenty-seven (27) legislators held fund-raisers during the 2005 legislative session. Why did they do that? It’s just like when a reporter asked Willie Sutton, the famous bank robber; “why he robbed banks”? He answered “that’s where the money is”! That’s why committee chairs hold fund-raisers during the session; it’s when they can raise the most money. In reality, it’s legal bribery!

Lobbyists, their clients, and other special interests know that the investment with the greatest return is a campaign donation. It means even more if given to a committee chair near the end of a session. The end of session is when Bills are finally passed or killed, the power of the entire legislature is held in just a few hands.

This is why, when you see a newspaper ad announcing a fund-raiser and in the ad, placed in a prominent position, is a statement saying “Chair of the XXXXX Committee”. In my opinion, this really says, “Come in, we are open for business”. Anyone with business before that committee knows this is a request for a bribe. In any other business it would be called blackmail, i.e.” we are holding your Bill hostage and will only release it after payment is received”.

During the 2004 & 2005 Sessions the “Four Masters of Influence” (super lobbyists) and their clients donated $98,292. Not a great deal of money and only a minor percentage of lobbyists and legislators are involved. This indicates how cheaply legislators sell out their constituents. MUCH MORE ON THIS at a later date.

LATEST ON GAS CAP CONFERENCE COMMITTEE

Yesterday’s Gas Cap Conference committee hearing was quite a show. Senator Menor has a much better grasp of the situation than the House Co-chair, Rep. Kirk Caldwell, and it showed in every round of the repartee. Rep. Caldwell constantly spoke of transparency as if Company CEO’s would be more likely to reduce prices if the public knew more about how they priced their product. What he forget is that CEO’s have a fiduciary duty to maximize profits! Moreover, if they do not do all they can to maximize profits they are open to stockholder law suits.

Senator Menor and the senate seem more amenable to making concession than does the House Conferees.

Another round of the conference committee is in progress as I write, so I’ll bring you more tomorrow. Enjoy the read, George.

Another interesting Blog you may want to check out.
http://disappearednews.com/2006/03/capitol-crime-murder-in-rotunda.html

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