Tag Archives | Super PACs

Political Parties Are Basically Bank Accounts

Picture: Flickr 401(K) 2012 (CC)

Don’t think for an instant that just because the big moneyed GOP didn’t sweep the Senate and White House, that Citizen’s United didn’t change this election. With over $6 billion spent, much of it in secret, the rich are already claiming that this election (against the Big Bad Socialists) vindicates their philosophy. Although when your thinking is based on confirmation bias and intellectual dishonesty, basically everything vindicates you, no matter which way it goes. Al Franken and others are proposing constitutional amendments to overturn Citizen’s United, and others are still analyzing the damage done in House races and local Propositions. 11 states now support such measures, but still have outside spending to contend with.

Political science professor Thomas Ferguson is another critic of influence-peddling through poorly regulated campaign finance. He goes on to describe the corrupting effects of lobbying, ‘revolving door’ politicians, and the relationship of the financial industry.… Read the rest

Continue Reading