Again, the voters may be stupid but their money is fun to spend.
What individual is paid $5.9 million by the taxpayers over a little more than 10 years? Apparently an individual who believes duping the American public in order to pass a massive new government program which will cost taxpayers billions (probably trillions) more is OK. But the government is US right?
For the bankers the main issue is who will keep the current implied bailout regime in place? Who will let the Federal Reserve do what it does without criticism? Who will keep the light from shining on them? Who won’t question the current system of debt piled on debt piled on debt. Who will happily do The Street’s bidding?
Hey Hillary, you’re “pragmatic.” You look pretty good. Here’s $100 million. Now go knock em’ dead.
Mike Shedlock at Global Economic Trend Analysis is often very good. Below he does a great job of breaking down the political donation game and the very mafia-like system which is American politics.
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?
As anyone who reads us regularly knows we are fans of letting people and businesses keep as much of their own money as possible. At least tax breaks don’t cost the taxpayer anything and if the (tax break) money is kept in the private sector that money is much more likely to be used efficiently. (Of course the Fed has deeply undermined this mechanism with QE and near 0% rates.) However, as we also say, tax breaks can still be a form of crony capitalism. If company X gets a break and company Y does not because company Y doesn’t have the right connections, this is still a politicized marketplace and distorts the economy.
This is some radical stuff.
|Thomas F. Steyer||$73,725,000|
|J. Joe Ricketts||$4,870,000|
|Richard E. Uihlein||$4,235,000|
|Robert C. McNair||$3,500,000|
|Warren A. Stephens/Stephens Inc.||$3,035,000|
|James H. Simons||$3,000,000|
|Kenneth C. Griffin||$2,825,000|
|Joseph W. Craft III||$2,625,000|
|Seth A. Klarman||$2,600,000|
|B. Wayne Hughes Sr.||$2,500,000|
|Kenneth W. Davis Jr.||$2,458,911|
|Ronnie Cameron/Mountaire Corp.||$2,350,000|
|John W. Childs||$2,165,000|
|S. Donald Sussman||$2,025,000|
|Charles G. Koch||$2,000,000|
|David H. Koch||$2,000,000|
|Amy Goldman Fowler||$1,999,760|
|George M. Marcus||$1,750,000|
|Herbert M. Sandler||$1,700,000|
|Jon L. Stryker||$1,625,000|
|Anne Getty Earhart||$1,600,000|
|Ronald M. Firman||$1,476,620|
|Daniel S. Loeb||$1,250,000|
|Robert B. Rowling/TRT Holdings||$1,200,000|
|Ian M. Cumming||$1,025,000|
|Julian H. Robertson Jr.||$1,012,000|
|Clarence L. Werner||$1,000,000|
Source: Federal Election Commission
By Christopher Schnaars, USA TODAY
You sure can, and lots else besides.
With mobile computing markets for practically everything are much more dynamic and useful for the average person.