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Unformatted text preview: As far as the Emergency Economic Stabilization Act, the members of Congress who received little to no contributions from financial services companies were more likely to vote no, while the Congressman who received large sums of money were likely to vote yes. Simply put, it would cost them money and their seat in Congress if they didnt go with what was best for Wall Street. The principle of voluntary exchange comes into play here, too. Congressman need votes to retain their seat in Congress and will do what it takes to please the people providing these votes. In each case outlined above, each party is better off when they help one another. To me, politics is an unfortunate state of affairs. To think votes are based on money is ridiculous to me. I hope I never have to get wrapped up in any of that....
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This note was uploaded on 11/11/2010 for the course ECN 211 taught by Professor Durant during the Fall '10 term at Mesa CC.
- Fall '10