February 05, 2007

Bought and paid for folks. Bought and paid for.

NAR tops PAC contribution cycle

The REALTORS® Political Action Committee was the largest PAC contributor to U.S. House and Senate candidates in the 2006 election cycle, according to Federal Election Commission data reported by Political Money Line.

As of the end of November, RPAC had contributed $3.7 million to congressional candidates, some $800,000 more than the next largest contributor, the National Beer Wholesalers Association PAC, which contributed $2.9 million.

The third largest contributor was the Build PAC of the National Association of Home Builders, which contributed $2.8 million.


Anonymous said...

So, will we get an orderly meltdown, or chaos? You can hide more of the bad stuff when it's chaos.

Ain't it strange how how the bird flu story is barely moving the precious metals market?

Anonymous said...

money talks...soon as they arent making any more..... they'll go away

Anonymous said...

Here's Lereah boasting about the political muscle of the NAR:

Lereah called the big Democratic congressional win a "positive turn."

"From a regulatory perspective, I think it's great," the economist said. "The Bush White House, a White House that has been pro-banking, not pro-real estate, has been declawed."

"We are the biggest association in America and I think the most powerful," he said. "We should develop our own housing agenda and lead rather than follow."


Anonymous said...

The NBWA? Beer wholesalers?? What?? Why are they at #2? Lots of anti-beer legislation being fought off i guess. No surprise that the NAR tops the list. What we need to do is get these PACS and all this corporate money out of our political system. I never bought into the whole free speech thing covering this type of corruption. The founders of our nation would probably be horrified at all the bought and paid for politicians.


Anonymous said...

Well, I guess that answers the question about whether real reforms to address nonexistent lending standards have a chance of passing...