Cash Strapped Republicans Spend Half of Their Bailed Out Wachovia Loan on Candidates

From Facing South:

[T]he thousands of Wachovia customers in good standing who were denied credit may want to know why the Republicans got special treatment near the elections. As we noted, Wachovia's heavy support of Republicans through campaign contributions opens it to such criticism.As for the National Republican Congressional Committee, The Hill reports they have just announced a $4 million ad campaign -- about half the amount of their Wachovia loan -- targeting eight Congressional districts:

Those ads were launched in the districts of Reps. Don Cazayoux (D-La.), Paul Kanjorski (D-Pa.), Dave Reichert (R-Wash.), Jean Schmidt (R-Ohio) and Randy Kuhl (R-N.Y.) and in the open-seat races for the seats of Reps. Jim Ramstad (R-Minn.), Tom Reynolds (R-N.Y.) and Jim Saxton (R-N.J.).

If Republicans win any of those seats, they can in part thank the federal government.

Before Republicans accuse Barack Obama of being a socialist, they should look at themselves.

Wachovia was also one of the few corporations that in 2005 contributed the maximum amount, $250,000, to the decadent Bush Inauguration.