No legislation has been immune to congressional shakedown. After the Congressional Black Caucus balked loudly enough, Democratic Rep. Barney Frank -- chairman of the House Financial Services Committee -- larded up the majority's Wall Street regulatory "reform" bill with $4 billion in payoffs to minority special interests -- including former failed Air America radio partner Inner City Broadcasting Corp.
The cash-strapped firm is run by Percy Sutton, a New York City crony of Charlie Rangel's and Al Sharpton's. The money will come out of the ever-morphing TARP bank bailout fund -- which went from a toxic assets purchase plan to a capital injection plan, back to a toxic assets purchase plan, then to a life insurance company bailout and on to an auto-supplier bailout.
Leading the charge for the Cash for Cronies of Color drive: California Democratic Rep. Maxine Waters, who had already extracted $12 million in TARP funds for OneUnited, a minority-owned bank that is one of her key campaign donors and a company in which both Waters and her husband own massive amounts of stock.
Which brings us to Demcare, the latest wealth redistribution scheme disguised as health care reform. In addition to the infamous $300 million "Louisiana Purchase" for Democratic Sen. Mary Landrieu and the (at least) $45 million "Cornhusker Kickback" for sellout Democratic Sen. Ben Nelson of Nebraska, Harry Reid threw around other, less-publicized gobs of cash for cloture votes to cut off debate and ram the bill through. He tossed in a Hospital Helper of $100 million to Sen. Chris Dodd, D-Conn., whose re-election bid is in hot water.
There are bennies for insurance companies and hospitals in Michigan, and "frontier freebies" for hospitals in Montana, South Dakota, North Dakota and Wyoming. There's a New England's Special Syrup for Vermont and Massachusetts -- who will get similar (though less generous) special treatment by the feds to that of Nebraska in covering Medicaid expansion costs. Combined with Nebraska's tab, the exclusive clique's payoffs will cost taxpayers at least $1.2 billion over 10 years.
There's also an ACORN/community organizer-friendly provision for minority health bureaucracies that was sought by Sen. Roland Burris, D-Ill., according to John McCormack of the Weekly Standard.
And there's a $10 billion socialized medicine sop to Vermont Sen. Bernie Sanders for "community health clinics" serving in essence as universal health care satellite offices. "We are talking about a revolution," Sanders enthused during the Senate's sneaky Sunday session.
No, revolution will come when taxpayers have a chance to kick these reverse Santa Clauses posing as saviors out of office. It can't happen a minute too soon.
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