• About

Desperado's Outpost

Desperado's Outpost

Tag Archives: Citizens United

Shorter Frank Rich: ‘We’re Screwed’

29 Monday Nov 2010

Posted by Craig in Campaign Financing, Democrats, economy, Obama, Politics, special interests, Wall Street

≈ 1 Comment

Tags

Chamber of Commerce, Citizens United, corporate donations, Frank Rich, fundraising, Jim Webb, op-ed, President Obama, Still the Best Congress Money Can Buy, Supreme Court

This quote by Virginia Senator Jim Webb referenced in Frank Rich’s op-ed yesterday entitled, “Still the Best Congress Money Can Buy” says all we need to know about our broken, corrupt, two-party system:

“Webb has pushed for a onetime windfall profits tax on Wall Street’s record bonuses. He talks about the “unusual circumstances of the bailout,” that the bonuses wouldn’t be there without the bailout.

“I couldn’t even get a vote,” Webb says. “And it wasn’t because of the Republicans. I mean they obviously weren’t going to vote for it. But I got so much froth from Democrats saying that any vote like that was going to screw up fundraising.”

More from Rich:

“Now corporations of all kinds can buy more of Washington than before, thanks to the Supreme Court’s Citizens United decision and to the rise of outside “nonprofit groups” that can legally front for those who prefer to donate anonymously. The money laundering at the base of Tom DeLay’s conviction by a Texas jury last week — his circumventing of the state’s post-Gilded Age law forbidding corporate campaign contributions directly to candidates — is now easily and legally doable at the national level.

[…]

The story of recent corporate political donations — which we may never learn in its entirety — is just beginning to be told. Bloomberg News reported after Election Day that the United States Chamber of Commerce’s anti-Democratic war chest included a mind-boggling $86 million contribution from the insurance lobby to fight the health care bill. The Times has identified other big chamber donors as Prudential Financial, Goldman Sachs and Chevron.”

How do Democrats plan to combat this influx of corporate cash? By playing the same game:

“Since the election, the Obama White House has sent signals that it will make nice to these interests.”

Such as:

“President Barack Obama is preparing new overtures to business that may start with a walk into the headquarters of the U.S. Chamber of Commerce and a retreat with corporate chief executive officers, according to people familiar with his plans.”

And:

“To address corporate criticism, Obama is also contemplating bringing business leaders into his administration. Unlike his two immediate predecessors, Obama hasn’t had a prominent corporate leader in a high-level administration job.”

That was kind of the whole point of “change,” wasn’t it?

Recent Posts

  • Turn Out the Lights, the Revolution’s Over
  • Climbing Aboard the Hillary Train
  • You Say You Want a Revolution…
  • Proud to be a War Criminal
  • Drug Testing Welfare Applicants Struck Down in Florida

Archives

  • March 2016
  • February 2016
  • January 2016
  • April 2014
  • January 2014
  • April 2012
  • March 2012
  • February 2012
  • August 2011
  • July 2011
  • June 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • August 2008

Blogroll

  • Bankster USA
  • Down With Tyranny
  • Firedoglake
  • Memeorandum
  • naked capitalism
  • Newshoggers
  • Obsidian Wings
  • Taylor Marsh
  • The Market Ticker
  • Tom Dispatch
  • Zero Hedge

Categories

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 7 other followers

  • RSS - Posts
  • RSS - Comments

Create a free website or blog at WordPress.com.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy