imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Calendar Publish RSS
Features
latest news
best of news
syndication
commentary


KILLRADIO

VozMob

ABCF LA

A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List

LAAMN List




IMC Network:

Original Cities

www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech

Surviving Cities

www.indymedia.org africa: canada: quebec east asia: japan europe: athens barcelona belgium bristol brussels cyprus germany grenoble ireland istanbul lille linksunten nantes netherlands norway portugal united kingdom latin america: argentina cmi brasil rosario oceania: aotearoa united states: austin big muddy binghamton boston chicago columbus la michigan nyc portland rochester saint louis san diego san francisco bay area santa cruz, ca tennessee urbana-champaign worcester west asia: palestine process: fbi/legal updates process & imc docs projects: radio satellite tv
printable version - js reader version - view hidden posts - tags and related articles

US Congress Represents Fellow Millionaires

by $ Saturday, Nov. 27, 2010 at 8:22 AM

Democratic Representative of San Francisco, Nancy Pelosi, claims assets of million, with her home and vineyard worth about million. Her investments include AT&T, Cisco Systems, Microsoft, Aloca, Apple, Dow Chemical and Motorola, among others. No millionaire can possibly represent the workingclass, the 80% of us who sell our labor for less than ,000 a year. Almost half of the US Congress are millionaires.

Democratic Representative of San Francisco, Nancy Pelosi, claims assets of million, with her home and vineyard worth about million. Her investments include AT&T, Cisco Systems, Microsoft, Aloca, Apple, Dow Chemical and Motorola, among others. No millionaire can possibly represent the workingclass, the 80% of us who sell our labor for less than ,000 a year. Almost half of the US Congress are millionaires.

From: US: The millionaires’ Congress, By Tom Eley, 26 November 2010

http://www.wsws.org/articles/2010/nov2010/cong-n26.shtml

Pertinent paragraphs:

Eighty-two members of Congress are invested in General Electric, followed by Bank of America (63), Cisco Systems (61), Proctor & Gamble (61) and Microsoft (54), Exxon Mobil (46), Wells Fargo (45), Berkshire Hathaway (44), Apple (42), IBM (41), Johnson & Johnson (39), JPMorgan Chase (38), Coca-Cola (39), PepsiCo (36), Wal-Mart (28) and Goldman Sachs (27).

BP, the London-based oil giant whose profit-driven recklessness resulted in the greatest environmental disaster in US history, was invested in by 24 members of Congress, paced by John Kerry, who had BP assets estimated in value somewhere between 1,000 and 5,000.

Sixty-four members of congress had assets in Pfizer, the largest US pharmaceutical, and 80 reported significant transactions with the firm. The pharmaceuticals, insurance giants, and HMOs were well served by their Congressional investors in regard to the Obama administration’s health care “reform.” The measures passed will guarantee the profits of the major industry players for years to come, while relegating the vast majority of the population to a segregated, second-tier health care system.

According to an analysis of financial disclosures by the Center for Responsive Politics, just under half of the US Senators and Representatives, 261 of 535, were millionaires in 2009, compared to 1 percent of the population at large. Fifty-five of these Congressmen have a net worth of greater than million, and eight have fortunes estimated at over 0 million.

Median wealth for all members of Congress in 2009 was 1,510, up from 5,515 in 2008. In the “people’s House,” the median net worth was 5,010 in 2009, up from 5,503 in 2008, considerably below, however, the .38 million median net wealth for US Senators in 2009, which was up from .27 million in 2008.

The richest member of Congress in 2009 was Rep. Darrell Issa, a right-wing California Republican, whose net worth was estimated at 3.5 million for 2009, an increase of 21 percent in one year. He was followed by another representative from California, Jane Harman, the pro-war, pro-CIA Democrat, whose wealth increased by 19 percent to 3.4 million, and Democratic Senator and former presidential candidate John Kerry of Massachusetts, whose wealth—gained by marrying the widow-heiress of the Heinz Ketchup fortune—was estimated at 8.8 million, up 14.3 percent in one year.

Sen. Mark Warner (D-Virginia), Rep. Jared Polis (D-Colorado), Sen. Herb Kohl (D-Wisconsin), Rep. Vernon Buchanan (R-Florida) and Rep. Michael McCaul (R-Texas) were the other lawmakers whose wealth was estimated to be greater than 0 million in 2009.

There was no appreciable difference between the income levels of Democrats and Republicans.

********

Only socialist and Green Party candidates can represent the workingclass. No worker has any business voting for any Democrat or Republican at any level of office.

Report this post as:

LATEST COMMENTS ABOUT THIS ARTICLE
Listed below are the 10 latest comments of 1 posted about this article.
These comments are anonymously submitted by the website visitors.
TITLE AUTHOR DATE
Get it Together my Question Saturday, Nov. 27, 2010 at 9:15 AM

Local News

More Pix: "Families Belong Together," Pasadena J02 12:16PM

"Families Belong Together" March, Pasadena J02 12:08PM

Short Report on the Families Belong Together Protest in Los Angeles J30 4:26PM

Summer 2018 National Immigrant Solidarity Network News Alert! J10 11:58PM

Watch the Debate: Excluded Candidates for Governor of California M30 10:20PM

Change Links June 2018 posted M28 12:41AM

The Montrose Peace Vigil at 12 Years M22 1:01PM

Unity Archive Project M21 2:42AM

Dianne Feinstein's Promotion of War, Secret Animal Abuse, Military Profiteering, Censorshi M17 3:22PM

CA Senate Bill 1303 would require an independent coroner rather than being part of police M10 2:08PM

Three years after OC snitch scandal, no charges filed against sheriffs deputies M10 1:57PM

California police agencies violate Brown Act (open meetings) M02 1:31PM

Insane Company Wants To Send Nuke Plant Waste To New Mexico A29 4:47PM

Change Links May 2018 A27 1:40AM

Worker-Owned Car Wash on Vermont Closed A26 10:37PM

GUIDE TO REBEL CITY LOS ANGELES AVAILABLE A12 5:39PM

lausd whistle blower A10 11:58PM

Website Upgrade A10 3:02AM

Help KCET and UCLA identify 60s-70s Chicano images A04 1:02PM

UCLA Luskin: Casting Youth Justice in a Different Light A02 11:58AM

Change Links April 2018 A01 11:27AM

Nuclear Shutdown News March 2018 M31 6:57PM

Join The Protest Rally in Glendale on April 10, 2018! M29 7:00PM

Spring 2018 National Immigrant Solidarity Network News Alert! M19 2:02PM

Anti-Eviction Mapping Project Shows Shocking Eviction Trends in L.A. M16 5:40PM

Steve Mnuchin video at UCLA released M15 12:34AM

Actress and Philanthropist Tanna Frederick Hosts Project Save Our Surf Beach Clean Ups M06 12:10PM

After Being Told He's 'Full of Sh*t' at School Event, Mnuchin Demands UCLA Suppress Video M02 11:44AM

More Local News...

Other/Breaking News

Democratic Socialists of America J14 4:57PM

Leonard Peltier Non Violent Native American Political Prisoner since 1970's J14 4:18PM

Paraphysique miscellanées de l'aggiornamento J14 12:54AM

Actress and Philanthropist Tanna Frederick Hosts Project Save Our Surf Beach Cleanup J13 4:14PM

FBI Investigated LA County Sheriff Baca,Why Not Hank Skinner's Persecution? J13 3:52PM

Updated Partial List Of Famous Vegetarians, Vegans, & Fruitarians J13 2:59PM

The Shortwave Report 07136/18 Listen Globally! J12 4:36PM

Social Policy as Social Infrastructure J12 3:38AM

Vol I: 84 Varieties Of GOP Election Fraud J12 1:50AM

Texas Can Call it An Execution,But It is A State Sponsored Murder of Hank Skinner.. J11 6:48PM

June 2018 Honduras coup update J11 3:35PM

Maria Estrada doubles down on racist support J11 1:40PM

New York Women in Film & Television Announces 2018 NYWIFT Ha Phuong Scholarship Recipients J11 10:14AM

Trapps de la domination, trapps de l'aliénation J11 1:31AM

Please Work For The Defeat Of Brett Kavanaugh And Why J09 8:54PM

Change Links 2018 July posted J09 1:27PM

Transinhumanisme ( transe inhumanisme ) J09 12:44PM

Google, World's Biggest Censor, Was Founded By The CIA J09 10:25AM

For a World Free of Nuclear Risks J09 8:29AM

Corrupt CDC Ignores Meat Fish Recalls J09 4:55AM

The (Temporary) End of Globalization J09 3:03AM

Aternatives to Abortions such as Plan B the pill, condoms and IUD J08 4:03PM

U.S Congressional Legal Minds Know Better Than Allowing Texas To Murder Hank Skinner J08 3:37PM

ACLU in many US states defends in court KKK and American Nazis Sometimes for Money J07 11:28PM

Judge Brett Kavanaugh: 12 Of Many Reasons To Oppose Him J07 9:00AM

Insensibilité engrammée J07 2:37AM

Silver Lining J07 12:21AM

The Shortwave Report 07/06/18 Listen Globally! J05 4:38PM

More Breaking News...
© 2000-2018 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy