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Levy Rivers

In Fine Print, a Proliferation of Large Donors - 0 views

  • The joint fund-raising committees have been utilized far more heavily this presidential election than in the past. Mr. Obama’s campaign has leaned on wealthy benefactors to contribute up to $33,100 at a time to complement his army of small donors over the Internet as he bypassed public financing for the general election. More than 600 donors contributed $25,000 or more to him in September alone, roughly three times the number who did the same for Senator John McCain.
  • Compared with Mr. Obama, Mr. McCain drew a slightly larger percentage of his big-donor money from the financial industry, about a fifth of his total. The next biggest amount in large checks for Mr. McCain came from real estate and then donors who identified themselves as retired. With his emphasis on offshore drilling, Mr. McCain has also enjoyed heavy support from generous benefactors in the oil and gas industry, a group Mr. Obama drew relatively little from.
  • Donations to these joint fund-raising committees have surged this election cycle, taking in nearly $300 million this year through September — with Mr. McCain collecting slightly more than Mr. Obama — compared with $69 million in 2004. Campaign finance watchdogs call it a worrisome trend, saying the heavy emphasis on such arrangements brings candidates one step further into the embrace of major donors.
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  • McCain finance officials introduced their main joint fund-raising committee, McCain Victory 2008, in the spring. Mr. McCain was still able to accept primary money, so money was divided between his primary campaign coffers, the Republican National Committee, several state parties and his compliance fund, for a maximum check of $70,100.
thinkahol *

Democracy Died First in Wisconsin - Long Live the Oligarchs | Common Dreams - 0 views

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    The Wisconsin recall election was the first major test of the new era in American politics. That new era began in January of 2010 when the US Supreme Court ruled in Citizens United v. FEC that the political voice of We The People was no longer as important as the voices of billionaires and transnational corporations. Now we know the result, and it bodes ill for both 2012 and for the tattered future of small-d democracy in our republic. A few of America's most notorious oligarchs - including the Koch and the DeVos (Amway fortune) billionaires - as well as untraceable millions from donors who could as easily be Chinese government-run corporations as giant "American" companies who do most of their business and keep most of their profits outside the US - apparently played big in this election. I say "apparently" because the Supreme Court has ruled that we no longer have the right to know who is really funding our election commercials, or even our candidates themselves. Thanks to an irrational and likely illegal Supreme Court ruling, we have moved into an era of oligarch-run politics. As much as $40 million of our oligarch's money was spent in Wisconsin in a handful of local races - a testing laboratory for strategies that will now be used against Democrats nationwide in 2012. And so now we enter the battle of the oligarchs over the next fifteen or so months. As the old saying goes, when the elephants fight, the mice get trampled. In this case, the mice aren't just the voters. It's democracy itself. America is now - demonstrably, as proven by Wisconsin - just a few years away from the possibility of a totally corrupted, totally billionaire- and corporate-controlled political system. Political scientists call it oligarchy. The Citizens United election experiment is over, and the oligarchs won. Long live the oligarchy.
Skeptical Debunker

Op-Ed Columnist - Senator Bunning's Universe - NYTimes.com - 0 views

  • During the debate over unemployment benefits, Senator Jeff Merkley, a Democrat of Oregon, made a plea for action on behalf of those in need. In response, Mr. Bunning blurted out an expletive. That was undignified — but not that different, in substance, from the position of leading Republicans.Consider, in particular, the position that Mr. Kyl has taken on a proposed bill that would extend unemployment benefits and health insurance subsidies for the jobless for the rest of the year. Republicans will block that bill, said Mr. Kyl, unless they get a “path forward fairly soon” on the estate tax. Now, the House has already passed a bill that, by exempting the assets of couples up to $7 million, would leave 99.75 percent of estates tax-free. But that doesn’t seem to be enough for Mr. Kyl; he’s willing to hold up desperately needed aid to the unemployed on behalf of the remaining 0.25 percent. That’s a very clear statement of priorities.So, as I said, the parties now live in different universes, both intellectually and morally. We can ask how that happened; there, too, the parties live in different worlds. Republicans would say that it’s because Democrats have moved sharply left: a Republican National Committee fund-raising plan acquired by Politico suggests motivating donors by promising to “save the country from trending toward socialism.” I’d say that it’s because Republicans have moved hard to the right, furiously rejecting ideas they used to support. Indeed, the Obama health care plan strongly resembles past G.O.P. plans. But again, I don’t live in their universe. More important, however, what are the implications of this total divergence in views?The answer, of course, is that bipartisanship is now a foolish dream. How can the parties agree on policy when they have utterly different visions of how the economy works, when one party feels for the unemployed, while the other weeps over affluent victims of the “death tax”?Which brings us to the central political issue right now: health care reform. If Congress enacts reform in the next few weeks — and the odds are growing that it will — it will do so without any Republican votes. Some people will decry this, insisting that President Obama should have tried harder to gain bipartisan support. But that isn’t going to happen, on health care or anything else, for years to come.Someday, somehow, we as a nation will once again find ourselves living on the same planet. But for now, we aren’t. And that’s just the way it is.
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    So the Bunning blockade is over. For days, Senator Jim Bunning of Kentucky exploited Senate rules to block a one-month extension of unemployment benefits. In the end, he gave in, although not soon enough to prevent an interruption of payments to around 100,000 workers.But while the blockade is over, its lessons remain. Some of those lessons involve the spectacular dysfunctionality of the Senate. What I want to focus on right now, however, is the incredible gap that has opened up between the parties. Today, Democrats and Republicans live in different universes, both intellectually and morally.
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