More Fun Facts from OpenSecrets.org, This time from Massachusetts' 4th Congressional District Race featuring 30 year incumbent, Barney Frank vs. newcomer Sean Bielat.
Below you'll see that the people sending the most money to Frank are those who work in and/around the very same industry he regulates.
The counter-intuitive truth about regulations is that they most help those who are the richest players in the regulated industry. How's that work? Because the cost of compliance acts as a barrier to entrance to start-ups.
Anyway, I'm pretty sure Barney doesn't really want his liberal constituents understanding who pulls his strings.
Below you'll see that the people sending the most money to Frank are those who work in and/around the very same industry he regulates.
The counter-intuitive truth about regulations is that they most help those who are the richest players in the regulated industry. How's that work? Because the cost of compliance acts as a barrier to entrance to start-ups.
Anyway, I'm pretty sure Barney doesn't really want his liberal constituents understanding who pulls his strings.
Top Industries
2010 Race: Massachusetts District 04
Most members of Congress get the bulk of their campaign contributions from two main sources: the industries that make up the economic base of their home district and the Washington-based interest groups that pay more attention to the member's committee assignments in Congress. In addition, most Democrats receive substantial sums from labor unions.
From this table, you can get a flavor of which are the top industries giving to the candidates running for Congress in your district. Do the industries match your local economy, or are they more Washington-based? If the latter, the candidate may have divided loyalties on issues where the interests of their cash constituents conflict with those of the voters who elected them.
Barney Frank (D)
Industry Total Securities & Investment $251,958 Insurance $227,449 Real Estate $213,750 Lawyers/Law Firms $170,714 Retired $123,771 Misc Finance $102,750 Democratic/Liberal $71,837 Commercial Banks $70,800 Casinos/Gambling $61,400 Lobbyists $56,800 Accountants $42,950 Business Services $35,750 General Contractors $30,350 Misc Unions $27,500 Finance/Credit Companies $24,000 Health Professionals $23,080 Misc Manufacturing & Distributing $22,900 Education $22,150 Printing & Publishing $21,700 Hospitals/Nursing Homes $21,190 Sean D. Bielat (R)
Industry Total Retired $46,750 Securities & Investment $35,600 Lawyers/Law Firms $21,826 Misc Finance $12,850 Real Estate $11,950 Misc Business $10,500 Health Professionals $7,050 TV/Movies/Music $6,800 Commercial Banks $6,450 Civil Servants/Public Officials $6,150 Business Services $6,150 Computers/Internet $3,500 Printing & Publishing $3,400 Accountants $3,100 Education $2,500 Insurance $2,500 Chemical & Related Manufacturing $2,250 Misc Manufacturing & Distributing $2,000 Oil & Gas $1,750 Pharmaceuticals/Health Products $1,650
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