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One Lockout Ends, Another Rages On in Washington, D.C.

Millions of Americans rejoiced yesterday when a fierce negotiation involving billions and billions of dollars resulted in a deal that both sides are content with. No, I’m not talking about the debt ceiling impasse, which continues to threaten the economy, and America’s reputation all over the world.

The Chronicles of Money, Politics, and How Wall Street Celebrates an Anniversary Every Day of the Year

Here's a round-up of Public Campaign and Public Campaign Action Fund's work for the week of July 18-July 22, 2011.


"Stop doing your job, and get to work!" That, of course, is not an actual quote from Republican party leadership, but after some members of the class of 2010 reported low fundraising numbers this quarter, one could imagine them hearing it. Open Secrets has a blog post today that delves into the fundraising numbers of the freshman class of lawmakers, who were sent here presumably to legislate, and have found that's not necessarily the priority. 

ONE YEAR LATER: After Dodd-Frank Financial Reform, Do the Banks Still Run the Place?

This Thursday marks the one-year anniversary of the passage of the “Dodd-Frank Wall Street Reform and Consumer Protection Act,” legislation passed by Congress to rein in the banks and protect consumers from the practices that led to the economic collapse. Since it’s passage, Wall Street interests have continued to exert influence over Congress in efforts to weaken, repeal, or as one bank lobbyist said recently, “reform the reform.”

NEW VIDEO: Interview With Fair Elections Now Act Sponsor, Rep. Walter Jones (R-N.C.)

Earlier this week, Public Campaign was on Capitol Hill and we caught up with Fair Elections Now Act (S. 750, H.R. 1404) sponsor, Rep. Walter Jones (R-N.C.). Check out the interview below:


Not Hitting Your Marks? If You're Wall Street Lobbyists, Just Switch the Target

Lobbyists for Wall Street interests have to be pretty nimble, I guess. Politico reports today on how Wall Street interests, who've recently been dealt some blows in Congress, are shifting their lobbying strategy away from Capitol Hill, and toward the very people in charge of regulating them.

The Endless Campaign

Who has time to govern when there's so much fundraising to do for the next election? An op-ed in the Virginia News Leader answers the question correctly: not Congress!

From the op-ed:

"This endless electioneering limits the work of governing, especially at the national level where large amounts of money are needed to campaign effectively, compelling candidates to spend more time fundraising."

No Laughing Matter

What did the U.S. Chamber of Commerce president mean when he remarked that they would "get rid of" any freshman members of Congress who didn't vote to raise the debt ceiling? In a post-Citizens United world, the answer is pretty clear.

Politico reported today on the alleged "joke" from the president of the U.S. Chamber of Commerce, Tom Donohue, which was viewed by many as a direct threat to some freshman members of Congress.

Check Out Our Work This Week!

Public Campaign and Public Campaign Action Fund were hard at work this week putting out a variety of memos, statements, and reports. Here's a round up of our recent work:

Big Oil Cash Pays Off

Earlier this month, the U.S. House passed legislation to greatly expand offshore oil drilling in the United States. In April, many of the members that voted for this legislation also pocketed cash from big oil PACs, according to Public Campaign Action Fund analysis of FEC filings.

According to the Huffington Post: