The Bailout Vote And The Money
by Christine Stuart | September 30, 2008 10:01 AM
Posted to General News
MAPLight, a nonprofit organization seeking to highlight the connection between money and politics found that over the past five years, banks and securities firms gave an average of $231,877 in campaign contributions to each US Representative voting in favor of the bailout, compared with an average of $150,982 to each Representative voting against the bailout—54 percent more money given to those who voted Yes.
Keep reading to see how much money MAPLight calculated each of Connecticut’s representatives received.
US Rep. Joe Courtney, D-2, the only Connecticut representative to vote against the proposal, received $162,410 from banks, investment companies, and security brokers.
US Rep. Rosa DeLauro, D-3, received $61,550.
US Rep. John Larson, D-1, received $182,410.
US Rep. Chris Murphy, D-5, received $316,993.
US Rep. Chris Shays, R-6, received $1,253,357.
The campaign funds used in MAPLight’s calculations above were given from January 2003 through August 2008 by the following industries: banks (including commercial banks, savings and loans, and investment banks), credit unions, finance companies, stock exchanges, venture capital and private equity firms, hedge funds, and securities and commodities brokers and firms. Data includes both PAC and individual contributions.
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