I’ve seen this one floating around numerous RE blogs today. I find it amusing myself … everyone knows that Congress can’t be bought, just rented, so no more money means no more influence.
WASHINGTON (AP) — The lobbying group representing homebuilders is cutting off contributions to federal congressional campaigns, saying lawmakers and the Bush administration have not done enough to stabilize the housing market.
The National Association of Home Builders said Tuesday its political action committee has decided to stop making contributions to candidates for Congress “until further notice.” …
Lawmakers and the Bush administration, “have not adequately addressed the underlying economic issues that would help to stabilize the housing sector and keep the economy moving forward,” the trade group’s president, Brian Catalde said in a statement. “More needs to be done to jump-start housing and ensure the economy does not fall into a recession.”
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