Looks like Obama & his democratic boys are going to spend the bailout dollars wisely! Not
Chicago Business school professors Atif Mian, Amir Sufi, and Francesco Trebbi have already run the numbers on politicians' voting records for both bailout packages, and their findings won't ease concerns about misspent billions. They find that congressmen from foreclosure-ridden districts were far more likely to vote for the mortgage bailout, and lawmakers who received big checks from the financial-services lobby were likely to cast votes in favor of the bank recapitalization plan. Given that the politics of the bailouts has already proved to be focused narrowly on local interests and strongly influenced by special interests, there's good reason to worry about what will happen when taxpayer dollars actually start getting spent.