I'm perplexed by the NAHB's decision to stop making political contributions out of their PAC until Congress comes to aid the new homes market. From TheHill.com - Homebuilders’ pledge confounds K Street:
"Lobbyists are shaking their heads over an apparent ploy by the homebuilders’ lobby to freeze its political action committee (PAC) contributions to lawmakers until they come to the aid of the troubled housing sector.One thing's for sure, this is a bold move. But something that hasn't been covered is that PAC money doesn't do you any good until you spend it. Maybe this simple logic is lost on those so close to the situation, who view the entire dilemma as extraordinarily complex.
The move, which the National Association of Home Builders (NAHB) announced last week, has prompted dismay on K Street, in part because it buttressed the popular image of lobbyists tying contributions to votes."