He spent tens of millions of dollars on this year’s races, more than anyone else in 2014 by far, yet has little to show for it. Well, he has losses to show. But such is the life of a billionaire. You win some. You lose some. But in the end you can still write big fat checks for whomever you want. And in the end isn’t that what’s important?
It wouldn’t be too difficult to design an app for one’s phone which did this.
Bush was a corporatist. There is no doubt about that. Obama is a corporatist as we have documented over and over and over. But Hilary Clinton is taking things to a new level. She is tight with the banks, pharma, defense, you name it. She watched Glass-Steagall twitch and die at her husband’s hand from the guilded confines of the White House. She is a crony capitalist through and through.
But it’s built in John Boehner’s district and the defense contractors are generous in their contributions to other members of Congress, so the outdated tank lives – on your dime.
This is a nice little game (and revenue stream) for Congress. Tax breaks and tax credits come up for renewal every year and the beneficiaries of these favors queue up to throw campaign dollars and other gifts at the feet of Washington politicians – every year.
So Bob, I noticed that you haven’t given the ACME CRONY PAC a contribution this year. You know you still have until the end of the year and Stevens is gunning for your job…So… just write a check OK? Thanks.
“Pay to play” laws restrict presidential candidates from taking money from investment firms which do business in the home state of a particular candidate. This is a problem for Christie as a number of large banks are based in New Jersey, right across the Hudson River from Manhattan.
Who writes the laws? The lobbyists.This isn’t completely true, but it is true to a very large extent as this article explains.
The thicker the law, the more opaque the legislation, the more opportunities there are to make money. There’s a reason Obamacare is a stack of papers taller than a man, same for Dodd-Frank. Both laws deal with impossibly complex areas of the economy best left to market mechanisms. To a very large extent the problems which both Obamacare and Dodd-Frank seek to address, access to healthcare and a corrupt banking system respectively, are problems created by prior government involvement in the marketplace.
I guess it’s a negotiable number.
Bloomberg reports that after the teachers unions the postal unions, give more to congressional Dems than any other group of unions, $9.6 million over the past 5 years. There’s a post office in each congressional district after all.