This last week the U.S. Senate voted down a bill that would have allowed for greater control over home loans and reduced foreclosures. Here are the details:
It continues to surprise and amaze me that so many Americans are unaware of the obvious facts. Corporations control DC. They have rights that we as individuals don't have. Under the guise of "freedom of speech" under the First Amendment - rights they took through a series of questionable court decisions leading up to the infamous Santa Clara County v. Southern Pacific Railroad Company decision, which I discussed here - corporations can write off their lobbying. You and I cannot do that. I can't hire someone to lobby for me and then write off the cost of that expense from my taxes.
Until we Americans decide to fundamentally change the underlying laws that define how corporations operate in this country, none of us should be surprised that corporations rule DC and the rest of this country.
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