I wanted to write Senator John Kerry a letter today after reading the post by Jessica L States on the MPI website.
Sen. John Kerry (D-Mass.) has announced plans to introduce legislation that would prevent companies that have received bailout funding from hosting, sponsoring or paying for conferences, holiday parties and entertainment events. The bill will affect any companies that have received government help under the Troubled Asset Relief Program (TARP).
“I’m sick and tired of picking up the newspaper and reading about another idiotic abuse of taxpayer money while our country is on the brink,” Kerry said. “Americans who play by the rules are losing their jobs and struggling to pay their mortgages. The companies that came to Congress in desperate need of help to stay afloat become their own worst enemies when they pull stunts like this. It’s an embarrassment that this legislation is necessary, but some companies clearly need a reality check to get their priorities straight so taxpayer money is used to get their house in order and not to pay for lavish parties. Congress has zero tolerance for this kind of excess.” [Read more...]