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Extortion: How Politicians Extract Your Money, Buy Votes, and Line Their Own Pockets Hardcover – October 22, 2013
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A bombshell investigation reveals how Washington really works: politicians extort money from us, then use it to buy each other’s votes. Best-selling author Peter Schweizer reveals:
*Obama’s "Protection Money": How the Obama Administration targeted industries for criminal investigation but chose not to pursue key political donors.
*John Boehner’s "Tollbooth": How the Speaker of the House extracts money by soliciting political donations before he will hold crucial votes on the House floor.
*The "Slush Fund": How politicians extract "campaign contributions" and then convert them to bankroll lavish lifestyles complete with limos, private jets, golf at five-star resorts, fine wines, and cash for family members.
*Capitol Hill’s "Underground Economy": How congressmen use a little-known loophole that allows them to secretly link their votes to cash.
Extortion finally makes clear why Congress is so dysfunctional: it’s all about making money, not making law.
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About the Author
PETER SCHWEIZER is a research fellow at the Hoover Institution, Stanford University, and he is the founder and director of the Government Accountability Institute. He has written for the New York Times, Wall Street Journal, Newsweek/Daily Beast, and elsewhere. His books include Throw Them All Out, which exposed congressional insider stock trading and led to the passage of the STOCK Act.
- Publisher : Houghton Mifflin Harcourt; 1st Edition (October 22, 2013)
- Language : English
- Hardcover : 256 pages
- ISBN-10 : 0544103343
- ISBN-13 : 978-0544103344
- Item Weight : 15.2 ounces
- Dimensions : 6.25 x 1 x 9.25 inches
- Best Sellers Rank: #857,795 in Books (See Top 100 in Books)
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Congressmen and women refusing to indicate how they'll vote on a bill until donations flow into their office to push them in one direction or another, literally tens of thousands of dollars in some cases in one or two days.
Politicians loaning themselves funds to run their campaign, then charging their campaign 18%+ interest and taking that interest back each year, without ever taking back the initial load, this allows them to continually dig into their campaign funds.
Golf weekends costing upwards of $10,000, all paid for from campaign funds.
Politicians relatives being hired as lobbyists by defence companies (at salaries around $60,000 for three months) to lobby the politician for defence contracts for example.
The icing on the cake for me were the SOPA and PIPA bills when Obama, short on support and funding for re election, used these bills to play Hollywood studios against Silicon Valley, in this example he let the bill die, just so he could have a 'Double Milker' to return to milk them all again for funding down the road.
The Left (I consider myself Libertarian Anarchist, neither Left nor Right) like to say the corporations are controlling the politicians. This book exposes the politicians as being as corrupt if not more so. This book exposes both the Democrats and Republicans as been equally corrupt when it comes to feathering their own nests and Schweizer details both Harry Reid and Roy Blunts families and their dubious stronghold.
Schweizer estimates that congressmen and women spend about six hours per day related to fund raising alone. I've always thought government a scam, and I consider this book powerful evidence to support that. Schweizer wraps up the book with some examples of how to correct the system, which may be of interest to some, the only chapter of little interest to me.
Jam packed with notes and an appendix of fund raising tables.
If you think your vote counts, or that your congressman is different you should read this book.