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Frequent Contributor

We have lost our Democracy

Big Money now rules our politicians. Both Dems and Repubs use this money-laundering process described in the NYTimes below.

A one dollar political contribution is more important than your one vote.

 

This from an article in the NYTimes:

“Both sides rely on interlocking networks of political action committees, party organizations and nonprofit groups, often based in states with forgiving campaign finance rules, that work in concert to raise contributions and shuffle money to thousands of local races around the country. In some states, liberal or conservative donors have established political nonprofits that function like shadow parties, often exempt from the contribution limits or disclosure requirements that apply to candidates and traditional parties.

 

Not unlike a political version of Cayman Islands banks, the networks allow political strategists to sidestep regulations and obscure the source of funds. Campaign contributions that would be banned or restricted in one state can be sent to a state where the rules allow money to flow more freely, often scrubbed of the identity of the original donor. Some groups work behind the scenes to orchestrate “money bombs” of smaller contributions from hundreds of different donors, allowing the groups to provide candidates with large doses of cash — fingerprint-free — even in states with low contribution limits.

 

Both networks arose to help Democrats and Republicans skirt the McCain-Feingold campaign-finance law, which sharply cut the flow of money from national parties to the states. But over the last three years they have been turbocharged by the Supreme Court’s Citizens United decision, which made it easier in many states for unions, corporations and the wealthy to pool money for large independent expenditures.

Today, state and even local races increasingly are financed by checks written hundreds or thousands of miles away. A five-figure contribution from a Colorado energy executive passes through a bank account registered in Pennsylvania, where it is mixed with money that ends up in the campaign coffers of an attorney general candidate in Iowa.”

 

This article details the process: http://www.nytimes.com/2014/01/12/us/politics/a-national-strategy-funds-state-political-monopolies.h...

 

1 Reply
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Senior Contributor

Re: We have lost our Democracy

Naaaaah. It can't be. Graft and corruption in US politics? Never.

On a lighter note, have you just woken up to that?