This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Political Class Choking America: Opinion

Editor's note: This is the third of a six-part series by Matt Horween, CPA, FSO (retired), that will run each day this week. The previous columns were Bring the Troops Home and Fix America First.

Many people want to know why Congress will not read the laws it passes and why we do not have lengthy public hearings with real public participation on life changing legislation.

I think the answer is that both major parties have created a system over the last four decades that has totally shut down real-third party competition and has almost guaranteed that the people will only have a choice of the most rabidly partisan people to vote for the House of Representitves and to a lesser extent the Senate.

Both political parties at the state level have gerrymandered congressional districts into safe ones for their most partisan members of Congress so that in most elections there are very few districts actually up for grabs in the general election.

During the past 10 years many Republicans and Democrats have become registered independents. In a few states, the registered independents can vote in the Republican or Democratic primaries. If all states allowed this, we would end up with more moderate representatives.

In addition, because of our one-issue and group-identity politics the winner of any election will be beholden to the special interest groups and their lobbyists in Washington, D.C., who now actually write most of our legislation, which is why the legislation takes so many pages to write as the lobbyists feed on it like reverse piranha making the legislation get bigger as more lobbyists add more sections to enrich their masters.

In the end, you get massive subsidies for ethanol as an example and a so-called stimulus bill that helps public employees stay on the payroll with great health benefits and pensions while normal people are being fired.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $128.46 0.00%
FB $78.97 0.00%
GOOG $558.40 0.00%
TSLA $203.34 0.00%
YHOO $44.28 0.00%


DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs