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	<title>Minnesota Independent &#187; FIRE sector</title>
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		<title>Ad wars: Is Bachmann &#8216;a lobbyist&#8217;s worst nightmare&#8217;? Not so much</title>
		<link>http://minnesotaindependent.com/13558/ad-wars-is-bachmann-a-lobbyists-worst-nightmare-not-so-much</link>
		<comments>http://minnesotaindependent.com/13558/ad-wars-is-bachmann-a-lobbyists-worst-nightmare-not-so-much#comments</comments>
		<pubDate>Fri, 17 Oct 2008 14:55:46 +0000</pubDate>
		<dc:creator>Karl Bremer</dc:creator>
				<category><![CDATA[Campaign ads]]></category>
		<category><![CDATA[Campaign Finance]]></category>
		<category><![CDATA[Elections/Campaigns]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Slot 3]]></category>
		<category><![CDATA[U.S. House]]></category>
		<category><![CDATA[Campaigns]]></category>
		<category><![CDATA[FIRE sector]]></category>
		<category><![CDATA[Lobbyists]]></category>
		<category><![CDATA[Michele Bachmann]]></category>

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		<description><![CDATA[Rep. Michele Bachmann’s latest campaign tv ad, “Bachmann: A Lobbyist’s Worst Nightmare”, depicts the Republican congresswoman as someone who can’t be bought by lobbyists. 

But that hasn’t stopped the 6th District Republican from putting the “for sale” sign outside her office and raking in $843,079 from political action committees through Oct. 15 in this election cycle—at least $182,255 of which came from lobbyists, according to the Center for Responsive Politics.]]></description>
			<content:encoded><![CDATA[<p><a href="http://minnesotaindependent.com/wp-content/uploads/2008/10/bachmannlobby.jpg"><img class="alignleft size-medium wp-image-13563" title="bachmannlobby" src="http://minnesotaindependent.com/wp-content/uploads/2008/10/bachmannlobby.jpg" alt="" width="281" height="210" /></a>Rep. Michele Bachmann’s latest campaign tv ad, <a href="http://minnesotaindependent.com/13399/ad-wars-bachmanns-new-tv-spot" target="_blank">“Bachmann: A Lobbyist’s Worst Nightmare”</a>, depicts the Republican congresswoman as someone who can’t be bought by lobbyists. The ad features a lobbyist frustrated by his failure to “get some political pork from Michele Bachmann.” Alas, the lobbyist laments, “Every day, Michele says no, no, no. I once again, I watch my dreams of lobbyists’ gold disappear, as Michele tells me she’s just looking out for Minnesota families.”</p>
<p>But that hasn’t stopped the 6<sup>th</sup> District Republican from putting the “for sale” sign outside her office and raking in <a href="http://query.nictusa.com/cgi-bin/dcdev/forms/C00410118/369807" target="_blank">$843,079</a> from political action committees through Oct. 15 in this election cycle—at least $182,255 of which came from <a href="http://www.opensecrets.org/lobby/contribs_detail.php?type=r&amp;lname=Michele+Marie+Bachmann+(R-Minn)" target="_blank">lobbyists</a>, according to the Center for Responsive Politics.</p>
<p>Bachmann sits on the House Financial Services Committee, and the bulk of her corporate PAC money comes from &#8212; you guessed it &#8212; the financial industry. And while she voted against the Wall Street bailout, as her new ad notes, she has blamed the financial crisis on “hyper-regulation” of the financial industry (as well as poor people) and pledged to release the shackles of federal regulation from them. As part of her solution for getting money back into the system, Bachmann has called for eliminating the capital gains tax, which would benefit chiefly investors in stocks, bonds and real estate.</p>
<p>Listed among Bachmann’s financial services <a href="http://query.nictusa.com/cgi-bin/can_give/2007_H6MN06074" target="_blank"><span style="font-family: Verdana;">contributors</span></a><span style="font-family: Verdana;"> in this election cycle, which doesn’t include the boatloads of money she’s received from individual contributors from the financial sector, are:</span></p>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"> </p>
<ul style="margin-top: 0in;" type="disc"><span style="color: #000000; font-family: Arial;"></p>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">American Bankers Association, $7,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">ACA International, which represents repo men third-party debt collectors, $10,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">American Express, $3,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">American Financial Services Association, $2,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">American Institute of Certified Public Accountants, $13,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Bank of<span> </span>America, $7,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Capital One Financial, $2,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Charles Schwab, $3,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Citigroup, $2,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Community Financial Services Association of America, $3,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Council of Insurance Agents and Brokers, $5,500 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Countrywide Financial, $2,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Freddie Mac, $2,500 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Fannie Mae, $4,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Financial Services Roundtable, $3,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Financial Services Institute, $1,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Genworth Financial, $2,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Hartford Financial Services, $5,500 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Independent Community Bankers of America, $4,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Independent Insurance Agents and Brokers of America, $9,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Investment Company Institute, $3,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">J.P. Morgan Chase $ Co., $3,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">KPMG, $11,500 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Merrill Lynch, $3,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">National Association of Mutual Insurance Companies, $4,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">National Association of Health Underwriters, $4,500 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">National Association of Insurance &amp; Financial Advisors, $4,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">National Association of Mortgage Brokers, $2,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">National Association of Real Estate Investment Trusts, $3,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">National Association of Realtors, $2,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">National Multihousing Council, $3,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">National Venture Capital Association, $4,250 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">PricewaterhouseCoopers, $10,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Property Casualty Insurers Corp., $6,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">TCF Financial, $10,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Thrivent Financial for Lutherans, $2,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Travelers Co., $5,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Tudor Investment, $4,600 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">U.S. Bancorp, $1,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">United Health Group, $2,000 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Wells Fargo, $1,500 </span></li>
<li class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="font-family: Verdana;">Zurich Holding Co., $2,50</span></li>
<p> </p>
<p></span></ul>
<p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="color: #000000; font-family: Arial;"></span></p>
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