This story is not entirely an indictment of Sanders. Better the unemployed fund the guy’s campaign than Goldman Sachs or Monsanto. (Seriously.) Still it isn’t exactly a good sign either. Many of the folks sending money are receiving that money first via government, taxpayer funded programs. They presumably give with the hope that Bernie will expand government, taxpayer funded programs. That’s not really progress. Though regular welfare is slightly better than corporate welfare, which more than rivals regular welfare in cost to taxpayers,
Things stink in Flint and it isn’t just the water. What we see here is urban machine politics. Everywhere it exists, from Chicago, to New York, to Detroit, to Flint this sort of thing follows. In these places some people see politics as a legitimate way to get rich. It’s pathetic.
(From The Washington Examiner)
Flint Mayor Karen Weaver on Wednesday denied an accusation that she directed donations meant for the Michigan city’s lead water crisis to a personal political action committee.
“See it’s cool. Nobody said, so hey Bill if I give your foundation $25 million will you help me out? No one explicitly ever said those exact words to me. I promise. You can trust me. Have I ever lied to the American public? I mean, we were DEAD BROKE coming out of the White House and we needed to raise some scratch somehow.
“Plus, private jets are really expensive.”
The attached article from Ron Fournier at The National Journal addresses an issue we have also found of some concern. There sure is a lot of money which has flowed into Clinton Foundation coffers from large corporations and foreign governments over the past few years. Some governments even gave money to the foundation while Ms. Clinton was still Secretary of State.
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.
The view from Weehawken New Jersey. Just a short helicopter ride to the center of the financial universe.
“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,
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.