From 2008 to 2009, the median household net worth for a member of Congress went up 19 percent. During the same time, the national median plummeted by 15 percent. This is known as a plutocracy.
The most popular investment among congressional members reads as [sic] a who’s who list of the most powerful corporate political forces in Washington, D.C. -- companies that each spend millions, if not tens of millions of dollars each year lobbying federal officials. Many of them likewise donate millions of dollars to federal candidates each election cycle through their top employees and political action committees.
Apple, with 42 current congressional investors, edges IBM, with 41. Coca-Cola’s 39 congressional investors pop it a notch above PepsiCo, with 36.
Furthermore, the companies behind a number of lawmakers’ favorite investments played key roles in lobbying Congress on two of the most critical legislative initiatives of the past two years: health care reform and financial regulatory reform.