2016-10-06moneymorning.com

Results showed the political spending of the 200 companies identified was about $5.8 billion over the six years. In return, those companies got an astounding $4.4 trillion in corporate welfare... Companies that land government contracts are doing business with the most lucrative client in the world. And because the period of the study encompassed the 2008 financial crisis, generous bailouts also were part of the mix.

"As middle-class Americans lost ground, the 'Fixed Fortune 200' got what they needed. What they needed included loans that helped automakers and banks survive the recent recession while many homeowners went under," the Sunlight Foundation study said... But here's the real kicker: Over the same period in the Foundation's study (2007 to 2012), individual taxpayers contributed $6.5 trillion to the U.S. Treasury. That means this corporate welfare swallowed up about two-thirds of that.

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Remember, the average return on political spending for all of the 200 companies in the Sunlight Foundation study was 76,000%. Some got much less. And some got much more... perhaps the most galling is the $328.2 billion in benefits given to Deutsche Bank AG. Yes, the same European bank that's teetering on the edge of collapse right now, the same bank from which the United States is seeking a $14 billion fine for selling risky mortgage-backed securities prior to the financial crisis. Because Deutsche Bank's political spending totaled just $9.7 million in Washington, its return on investment was a stratospheric 3,383,505%. Your tax dollars at work.



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