Tuesday, February 12, 2008

How loud does money talk?

Today I received the following notice from the National Association of Home Builders:


ORLANDO, Feb. 12 - Brian Catalde, president of the National Association of Home Builders (NAHB), today issued the following statement regarding disbursement of PAC money to federal congressional candidates:

"Today, the National Association of Home Builders' Political Action Committee, BUILD-PAC, and its 150-member Board of Trustees representing all 50 states, agreed to cease all approvals and disbursements of BUILD-PAC contributions to federal congressional candidates and their PACs until further notice.

"This extraordinary action was taken because the NAHB BUILD-PAC Board of Trustees felt that over the past six months, Congress and the Administration have not adequately addressed the underlying economic issues that would help to stabilize the housing sector and keep the economy moving forward. Housing and related industries account for more than 16 percent of the Gross Domestic Product. More needs to be done to jump-start housing and ensure the economy does not fall into a recession. This action will remain in effect until further notice."

Okay, now I ask you, do you think that by withholding their PAC money for Congressional elections, the builders are going to get Congress's attention? Or are the members of Congress going to think the builders are being unreasonable and just look elsewhere for financial support.

What's your opinion?

1 comment:

Brom said...

Pam, Very loud. If you want to see just how loud go to the Business Roundtable and check their members and you will know. Also the US Chamber of Commerce gets into the act. There was a Users Roundtable started by Roger Blough of US Steel(?) It was started to break the back of the Construction Unions, Nixon pitched in to help. These Unions sold Man-hours to the highest bidder, good business. They did not kick back.