At least one sector of the US economy was booming this year. While the economic downturn has hit everything from Wall Street to Motor City, one big business has done quite well - politics.
John McCain and the Republicans spent about $550 million in the general election. Not bad when times are tough.
Barack Obama and the Democrats were the big winners, raising an estimated $847 million dollars. In fact, the Obama campaign raised so much money they couldn’t spend it all in time, so his staffers received bonuses of a whole month’s salary.
It wasn’t just the Presidential campaign that had money pouring in. Congressional Democrats received hundreds of millions of dollars from the UAW and US auto companies.
The unions and auto companies weren’t alone in their big contributions to Democrats. Wall Street was right there with them. It seems that everyone receiving or begging for taxpayer dollars today was mighty generous to the Dems over the past few months.
Now our elected officials are about to fork over billions more to people who earn far more money than the average taxpayer. If that’s not bad enough, those of us who would never send a dime to a Democrat will be sending billions to the companies that helped get those Democrats elected.
Talk about irony.