The Washington Republicans have set a record time reaching Corruptopia, which was a multi-decade process for the Democrats that led to the loss of their House majority in 1994 because of Jim Wright et al. With the private sector efficiency they so laud, the Republicans have reached an equal or greater level of institutionalized corruption in a mere 10 years.
Sen. Ted Stevens
Sen. Ted Stevens (R-Alaska) made $822,000 last year from the sale of a controversial real estate investment with an Anchorage developer who had obtained a huge federal contract with his help, records show.
In 1997, Stevens invested $50,000 with developer Jonathan B. Rubini. Last year, at Stevens’ request, Rubini and his partner bought back the senator’s interests in their deals for $872,000, according to Senate financial disclosure forms made public Tuesday.
Rep. Randy “Duke” Cunningham
Cunningham has elicited sharp public criticism since Copley News Service, in an article published Sunday in The San Diego Union-Tribune, disclosed that he sold his Del Mar house in November 2003 to Mitchell Wade, a defense contractor. Wade put the Del Mar house back on the market shortly after buying it, where it remained unsold and vacant for more than eight months. It eventually sold for $700,000 less than what Wade had paid Cunningham.
Property records don’t list Wade or his company MZM Inc. as the buyer of Cunningham’s house. Instead, the records state that Cunningham sold the house to 1523 New Hampshire Avenue LLC. Nevada state business records show that Wade owns that company, too. It is the address of his Washington, D.C., office.
The congressman, a member of the influential House defense appropriations subcommittee, said in an interview last week that he has supported Wade’s efforts to win tens of millions of dollars in defense contracts.
Rep. Bob Ney
Ney’s ties to gambling industry lobbyist Jack Abramoff were revealed last year at a Senate Indian Affairs Committee hearing, where witnesses and e-mails described Ney’s agreement to back gambling legislation for an Indian tribe that Abramoff represented.
The tribe gave Ney hefty campaign donations and was asked to pay for a Scottish golf trip for Ney.
Rep. Tom “Sleazy T.” DeLay
Last, but certainly not least!
House Majority Leader Tom DeLay owns stock worth more than $50,000 in ExxonMobil, according to financial disclosure reports, while at the same time he is one of the driving forces behind legislation that would shield that company and other manufacturers of the gasoline additive MTBE from lawsuits that could cost them millions.