Thursday, October 2, 2008

A Political Nitwit (3)...

In Congress, it must just be that Audacity comes along with the office furniture, carpet, lamps and wall decorations, too.

FOX news reported that Speaker of the House Nancy Pelosi has spent almost $100,000 of the contributions made to her own political action committee, "PAC To The Future"; paying the money to her husband's real estate and investment firm over the past 10 years.

Curiously, Pelosi supported legislation banning the practice of paying a spouse with political contributions last year. At the time, in a press release, Pelosi said, "Democrats are committed to reforming the way Washington does business...and preventing the misuse of funds."

According to the Times Network, since Pelosi's husband took over as treasurer for his wife's committee in 2007 federal records show that his firm will receive 8 times the payments in this year alone that his company got annually from the PAC from 2000 to 2005 when the treasurer's position was held by someone else.

Last week, Pelosi's office said the payments were perfectly legal, insisting that they were for work performed for the PAC. The payments were described as "business expenses".

PAC's are designed to help politicians build political influence when they use them to contribute to other politician's campaigns. It is illegal for members of Congress to hire family members to work on their Congressional staff, but not illegal to hire relatives to work on campaigns or a PAC.

The Times Network also reports, "Meredith McGehee, policy director at the nonpartisan Campaign Legal Center, said putting family members on a PAC payroll is bound to raise questions and, in some cases, allow for abuse. The reality is that under the current system, PACs are rife with self-dealing transactions. The laws and regulations could and should be strengthened...any self-dealing transaction by a member of Congress is going to get scutiny, particularly with large amounts of money and prominent members."

In 2004 one of Pelosi's PACs, "Team Majority" was fined $21,000 by the Federal Election Commisssion for accepting political donations over federal limits. She closed the PAC shortly after the fine was levied.

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