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Home builders giving again

It appears that the National Association of Home Builders, which made headlines in February for refusing to give any more campaign contributions because, NAHB whined, Congress wasn't giving them what they wanted, has now gone back to making campaign contributions.

The association's political action committee, BUILD-PAC, voted unanimously to start giving out money again late last week. A top BUILD-PAC official, Ed Brady, said, "Our message has been heard."

So far this election cycle, BUILD-PAC has raised more $3 million, distributed more than $1.4 million and has about $2 million available to dispense.

Many K Street lobbyists, however, were not pleased that the association had stopped giving out money. The decision showed how closely interest groups tie their donations to the actions they hope lawmakers will take on their behalf -- a connection lobbyists do not want to flaunt for fear of legal and political repercussions.
It says something that the other powerful interest groups are upset at NAHB for making it so obvious that they expect favors when they give campaign contributions.

I, for one, am just relieved that BUILD-PAC -- a lobbying group with over $2 million in the bank and "one of the biggest corporate donors to campaigns" -- had finally had its voice heard.  Thank goodness.  Back to business as usual, ahem.

(hat tip TPM)


Tags: home builders, subprime, mortgage, money in politics (all tags)


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