Banking giant JP Morgan Chase is getting back into the political game

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Thom Hartmann A...
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After putting a freeze on all campaign contributions since early May when questions arose over how the bank lost billions in bad investments – JP Morgan Chase just dished out its first round of political contributions to House and Senate candidates.  No surprise – Republicans were rewarded the most.

A total of ten Congressmen and Senators received four-figure contributions from the Wall Street player – eight of them were Republicans who have been actively trying to defund or water-down any new Wall Street reforms designed to prevent another banking crisis.

Remember, when Wall Street gives many to a politician in the post-Citizens United age – it’s not a campaign contribution.  It’s an investment – and Wall Street expects big returns in the form of tax breaks, fewer regulations, and bailouts.

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Liberty-Pac
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Source: Center for Responsive

Source: Center for Responsive Politics

The Center for Responsive Politics is the nation's premier research group tracking money in U.S. politics and its effect on elections and public policy. Nonpartisan, independent and nonprofit, the organization aims to create a more educated voter, an involved citizenry and a more transparent and responsive government.

JPMorgan Chase & Co: All Recipients
Among Federal Candidates, 2012 Cycle

Romney, Mitt (R) Pres $494,624
Obama, Barack (D) Pres $122,924
Warner, Mark (D-VA) Senate $80,150
Corker, Bob (R-TN) Senate $61,750
McConnell, Mitch (R-KY) Senate $52,000
Brown, Scott (R-MA) Senate $48,000
Tester, Jon (D-MT) Senate $44,000
Carper, Tom (D-DE) Senate $42,500
Leppert, Thomas C (R-TX) Senate $32,250
Stabenow, Debbie (D-MI) Senate $29,000
Gillibrand, Kirsten (D-NY) Senate $27,350
Perry, Rick (R) Pres $24,550
Kaine, Tim (D-VA) Senate $24,250
Obsitnik, Steve (R-CT) House $21,250
Boehner, John (R-OH) House $18,500
Murphy, Christopher S (D-CT) House $18,250
Pawlenty, Tim (R) Pres $14,550
Paul, Ron (R-TX) House $11,980
Stivers, Steve (R-OH) House $11,050
Bachus, Spencer (R-AL) House $11,000
Dold, Robert (R-IL) House $10,750
Himes, Jim (D-CT) House $10,500
Huntsman, Jon (R) Pres $10,300
Beatty, Joyce (D-OH) House $10,200
Hinckley, Barry (R-RI) Senate $10,000
Bennet, Michael F (D-CO) Senate $9,500
Feinstein, Dianne (D-CA) Senate $9,500
McMahon, Linda (R-CT) Senate $9,231
Garrett, Scott (R-NJ) House $9,000
Nelson, Bill (D-FL) Senate $8,300
Lingle, Linda (R-HI) Senate $8,100
Hoyer, Steny H (D-MD) House $8,000
Royce, Ed (R-CA) House $8,000
Nelson, Ben (D-NE) Senate $7,923
Bishop, Timothy H (D-NY) House $7,650
Sessions, Pete (R-TX) House $7,300
Cruz, Ted (R-TX) Senate $7,000
Ryan, Paul (R-WI) House $7,000
McCarthy, Carolyn (D-NY) House $6,750
Williams, Clyde (D-NY) House $6,750
McIntyre, Mike (D-NC) House $6,500
Neugebauer, Randy (R-TX) House $6,500
Perlmutter, Edwin G (D-CO) House $6,500
Hayworth, Nan (R-NY) House $6,250
Baldwin, Tammy (D-WI) House $6,100
Becerra, Xavier (D-CA) House $6,000
Heller, Dean (R-NV) Senate $6,000
Owens, Bill (D-NY) House $6,000
Peters, Gary (D-MI) House $6,000
Schumer, Charles E (D-NY) Senate $6,000
Biggert, Judy (R-IL) House $5,950
Tiberi, Patrick J (R-OH) House $5,950
Duckworth, Tammy (D-IL) House $5,500
Durant, Clark (R-MI) Senate $5,500
Shays, Christopher (R-CT) Senate $5,500
Capito, Shelley Moore (R-WV) House $5,250
Barrasso, John A (R-WY) Senate $5,000
Berman, Howard L (D-CA) House $5,000
Camp, Dave (R-MI) House $5,000
Canseco, Francisco (R-TX) House $5,000
Carney, John (D-DE) House $5,000
Crowley, Joseph (D-NY) House $5,000
Cuellar, Henry (D-TX) House $5,000
Hatch, Orrin G (R-UT) Senate $5,000
Hensarling, Jeb (R-TX) House $5,000
Hobbs, Steve (D-WA) House $5,000
McCaul, Michael (R-TX) House $5,000
McHenry, Patrick (R-NC) House $5,000
Meek, Christopher D (R-CT) House $5,000
Murphy, Patrick (D-FL) House $5,000
Reichert, Dave (R-WA) House $5,000
Renacci, Jim (R-OH) House $5,000
Roskam, Peter (R-IL) House $5,000
Weprin, David I (D-NY) House $5,000
Williams, Roger (R-TX) House $5,000
Maffei, Dan (D-NY) House $4,750
Frank, Barney (D-MA) House $4,500
Hagan, Kay R (D-NC) Senate $4,500
Kerrey, Bob (D-NE) Senate $4,500
Grimm, Michael (R-NY) House $4,150
Delaney, John K (D-MD) House $4,000
Duffy, Sean P (R-WI) House $4,000
Hurt, Robert (R-VA) House $4,000
Roybal-Allard, Lucille (D-CA)House $4,000
Schwartz, Allyson (D-PA) House $4,000
Wicker, Roger (R-MS) Senate $4,000
Campbell, John (R-CA) House $3,500
Lowey, Nita M (D-NY) House $3,500
Schultz, Debbie (D-FL) House $3,500
Casey, Bob (D-PA) Senate $3,250
McCaskill, Claire (D-MO) Senate $3,100
Brown, Sherrod (D-OH) Senate $3,050
Altmire, Jason (D-PA) House $3,000
Boustany, Charles W Jr (R-LA)House $3,000
Clayton, Taj (D-TX) House $3,000
Cleaver, Emanuel (D-MO) House $3,000
King, Pete (R-NY) House $3,000
Lugar, Richard G (R-IN) Senate $3,000
Manchin, Joe (D-WV) Senate $3,000
McCarthy, Kevin (R-CA) House $3,000 page 1 of 3 :) 

humanitys team
humanitys team's picture
We need to get the money out

We need to get the money out of politics ,the economy and politics has to be completely separate.

Rudolph Steiner warned us about this so long ago ,and he introduced us to social three folding,where economics,politics and cultural life are kept separate from one another.

At the moment we have money dominating everything the three sphere,s are no longer functioning for the benefit of the majority of the people.

The political system should only be funded by the eloctorate with the same contribution from all people's  equally distrubuted to all candidates or issue groups the election and campaign costs would be covered by a general fund created by a single unit called the electorate..     and we can put a ceiling or a cap on the arbitrary amount each of us can give,so everyone has a say in our democracy not just the guy,s with money.

Let,s also  decide that no one outside of the electorate can finance any political organisation.All special interest financing and lobbying within the political spectrum will be eliminated.

Let us begin to move the power away from the select few into the hands of the many,the idea is that the more people making the final decision ,the harder it is to unfairly influence the vote.

This is the opposite of the system in place at the moment they do not want people to participate in democracy anything to keep the status quo!

Liberty-Pac
Liberty-Pac's picture
Thom Hartmann Administrator

Thom Hartmann Administrator wrote:

A total of ten Congressmen and Senators received four-figure contributions from the Wall Street player – eight of them were Republicans who have been actively trying to defund or water-down any new Wall Street reforms designed to prevent another banking crisis.

Remember to do your homework Thom :) 

Liberty-Pac
Liberty-Pac's picture
humanitys team wrote: We need

humanitys team wrote:

We need to get the money out of politics ,the economy and politics has to be completely separate.

Nice post