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Joe Walsh is Confused

November 8, 2011 - by Donny Shaw

There’s a lot to be annoyed about in this video of Rep. Joe Walsh [R, IL-8] flipping out at his constituents who are concerned about inadequate financial regulations and screaming, “don’t blame banks! … that pisses me off.” But here’s just one thing.

When one of his constituents points out that the amount of money unions spend on elections pales in comparison to the amount of money that corporations spend, Walsh takes a position that I hear repeated time and time again. “Not true. Not true,” he said, adding: “if you think that, you’re smoking something.” Walsh is flat-out wrong. Unions spend just a tiny fraction of what corporations do on federal campaigns. Take a look at the data from OpenSecret.org — labor is ranked 10th out of 13 sectors :

According to my back-of-the-envelope calculation, unions spend about 3% of the total disclosed industry/interest-group spending on federal elections. The vast majority of the rest of it comes from business interests.

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Comments

  • jinlongyu613 11/09/2011 1:35am

    “if you think that, you’re smoking something —so terrible

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  • concernedcitzen 11/09/2011 9:56am

    Hmm, lets look at Joe Walsh. He received moeny from the the following industries according to his OpenCongress profile: $28,750 from Securities & Investment in 2009-2010, $3,900 from Commercial Banks, $16,900 from Misc Finance and $13,000 from Real Estate. That’s $62,550 overall. Why would he not rush to the defense of the banks? Mr. Shaw’s point in this article is valid. I believe that the banks are to blame, affirmed by the Financial Crisis Inquiry Commission (FCIC)’s report. I conclude that Mr. Walsh should be called out for his wrong statement and shown why he would make such a statement based the money he received from the said industries.

  • craines 11/09/2011 12:08pm

    If unions were spending all that money “All of the Union members” would be working.

    WERE NOT . . . Work is BAD. Construction work is slim pic kins right now and 2012 is going to be worse. We only account for a small percentage of the work force.

    Unions are not the problem.

  • fightinbluhen51 11/09/2011 12:26pm

    “According to my back-of-the-envelope calculation, unions spend about 3% of the total [keyword][b]disclosed[/b][/keyword] industry/interest-group spending on federal elections.”

    Keyword is “disclosed.” It is a bit of “foot in mouth” by Congressman Walsh, but what about all the PACs and SuperPACs that are created and funded by Unions and other special interests?

    Unless one separates all money from politics, and finds a way to install term limits, we will simply NOT have any true “people” representing the 53%, the 99%, or whatever class of average citizens are still the most numerous in populous within the USA.

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    jcolley 11/09/2011 3:42pm

    You have a point. It’s like looking at the BP oil spill… It’s gonna be tough to clean up all that corruption especially when the people doing it think there is nothing wrong ie: Casino Jack.

  • jcolley 11/09/2011 3:37pm

    WHAT A MAROOON

  • soitgoes12 11/09/2011 4:40pm

    Is anyone in Illinois having buyers remorse yet?

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