Word: pac
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...honorariums, campaign money follows power. Of the $172.4 million in political action committee contributions in 1988, fully 70% went to incumbents. Nor did the money stop flowing when the election was over: $2.4 million went to incumbents after last Nov. 9. Senate Finance chairman Lloyd Bentsen collected the most PAC money -- $2.4 million -- demonstrating that he didn't really need to organize that $10,000 breakfast club. Richard Gephardt, Tom Foley's probable replacement as Democratic majority leader, led House members with $610,107. Agriculture Committee member Bill Emerson followed with $579,478, Tom Foley with $575,086, and minority...
...more and more thrift executives got into trouble in 1987 and 1988, S & L PACs simply stepped up their campaign giving; by the time Washington finally got around to addressing the S & L crisis this year, the cost of a bailout had swollen to an outrageous $158 billion or more over the next eleven years. Over the past three elections, according to the Wall Street Journal, the S & Ls gave $4.5 million to the members of Congress willing to protect them. House Banking Committee member Jim Leach, an Iowa Republican who refuses to take PAC money, believes this...
...Wall Street Journal editorializes that the real purpose of toppling Tower was "to cripple a President fresh from an electoral victory. To demonstrate that the real power lies in a PAC-elected Congress immune from effective voter control." And ultimately "to dismantle the presidency" no less. Of course, 87% of the members of Congress are also fresh from election. But this doesn't count, the argument goes, because Congress has "less turnover . . . than in the Supreme Soviet," as former President Reagan has complained. Only six House incumbents lost re-election bids last year, and more than 85% of current members...
...were hypocrites pursuing the partisan politics of personal pique. "Is it an acceptable standard for Senators late in the evening who've had a few drinks . . . ((to)) vote on vital issues of nuclear deterrence?" Tower asked with rhetorical venom. "Is it an acceptable standard for Senators to accept honorariums, PAC contributions and paid vacations from special interests...
...Israeli cartoon commercial in this year's elections showed a Pac Man character chomping away at the occupied territories, then continuing to gobble the entire land of Israel. These fears are exaggerated, but unfortunately all too fitting with the Palestinian rhetoric...