John Edwards addressed St. Anselm's College on "The Moral Test of Our Generation." In his speech he addressed corporate influence on politics and said:
"Recently, I was dismayed to see headlines in the Wall Street Journal stating that Senate Democrats were backing down to lobbyists for hedge funds who have opposed efforts to make millionaire and billionaire hedge fund managers pay the same tax rate as every hard-working American. Now, tax loopholes the wealthy hedge fund managers do not need or deserve are not going to be closed, all because Democrats — our party — wanted their campaign money.
And a few weeks ago, around the sixth anniversary of 9/11, a leading presidential candidate held a fundraiser that was billed as a Homeland Security themed event in Washington, D.C. targeted to homeland security lobbyists and contractors for $1,000 a plate. These lobbyists, for the price of a ticket, would get a special "treat" — the opportunity to participate in small, hour long breakout sessions with key Democratic lawmakers, many of whom chair important sub committees of the homeland security committee. That presidential candidate was Senator Clinton.
Senator Clinton's road to the middle class takes a major detour right through the deep canyon of corporate lobbyists and the hidden bidding of K Street in Washington — and history tells us that when that bus stops there it is the middle class that loses.
When I asked Hillary Clinton to join me in not taking money from Washington lobbyists — she refused. Not only did she say that she would continue to take their money, she defended them.
Today Hillary Clinton has taken more money from Washington lobbyists than any candidate from either party — more money than any Republican candidate.
She has taken more money from the defense industry than any other candidate from either party as well.
She took more money from Wall Street last quarter than Rudy Giuliani, Mitt Romney, and Barack Obama combined.
The long slow slide of our democracy into the corporate abyss continues unabated regardless of party, regardless of the best interests of America.
We have a duty — a duty to end this."
"Recently, I was dismayed to see headlines in the Wall Street Journal stating that Senate Democrats were backing down to lobbyists for hedge funds who have opposed efforts to make millionaire and billionaire hedge fund managers pay the same tax rate as every hard-working American. Now, tax loopholes the wealthy hedge fund managers do not need or deserve are not going to be closed, all because Democrats — our party — wanted their campaign money.
And a few weeks ago, around the sixth anniversary of 9/11, a leading presidential candidate held a fundraiser that was billed as a Homeland Security themed event in Washington, D.C. targeted to homeland security lobbyists and contractors for $1,000 a plate. These lobbyists, for the price of a ticket, would get a special "treat" — the opportunity to participate in small, hour long breakout sessions with key Democratic lawmakers, many of whom chair important sub committees of the homeland security committee. That presidential candidate was Senator Clinton.
Senator Clinton's road to the middle class takes a major detour right through the deep canyon of corporate lobbyists and the hidden bidding of K Street in Washington — and history tells us that when that bus stops there it is the middle class that loses.
When I asked Hillary Clinton to join me in not taking money from Washington lobbyists — she refused. Not only did she say that she would continue to take their money, she defended them.
Today Hillary Clinton has taken more money from Washington lobbyists than any candidate from either party — more money than any Republican candidate.
She has taken more money from the defense industry than any other candidate from either party as well.
She took more money from Wall Street last quarter than Rudy Giuliani, Mitt Romney, and Barack Obama combined.
The long slow slide of our democracy into the corporate abyss continues unabated regardless of party, regardless of the best interests of America.
We have a duty — a duty to end this."
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