Thursday, September 07, 2006

Clean up politics : Prop. 89

Proposition 89: Take the “For Sale” sign off the State Capitol

By Richard Holober, Executive Director
Consumer Federation of California
Since 2004, Chevron gave $3 million in political contributions in California. For a company that made a record $14 billion in profits last year, it was money well spent. Despite public indignation, big oil crushed a proposed state tax on windfall oil profits.
During one 18-month period, banks, insurance companies and other financial interests contributed $8.8 million to state politicians. They defeated financial privacy legislation that enjoyed the support of 90% of California voters.
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