Holding Politicians Accountable

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Without citizens taking on an active role in our country, we despair over what’s happening in Washington; the dysfunction of the legislature; the tribal problems that people feel toward one another. We despair over money-in-politics, which I do think is the poison in the system. If I were younger, that’s what I’d be doing – leading a constitutional amendment to get money out of the system. It’s all up to us – we can’t wait for somebody else to do it.

- Renowned author and presidential historian Doris Kearns Goodwin on the need to address the “poison” of money in politics.

(H/t @SpauldingCC

Filed under politics money in politics Dorris Kearns Goodwin

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Eric Cantor Joins Wall Street (Officially)

Former House Majority Leader Eric Cantor (R-Va.), who lost his primary election this year partially due to his closeness to Wall Street and big donors, will join investment bank Moelis & Company.

The company’s founder, who announced the hire, maxed out to the congressman this cycle, according to the Center for Responsive Politics:

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During his time in Congress, Cantor received over $3 million in campaign contributions from donors and PACs at securities and investment firms and $8.9 million from the financial sector overall.

Cantor will receive a $1.4 million sign-on bonus and $2 million in annual pay, according to the Financial Times.

Filed under Eric Cantor Wall Street politics

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Let them know that you can accept corporate contributions and it is not reported.
A top aide to Gov. Scott Walker, suggesting a way to get around disclosing big corporate donations to boost the governor’s recall election fight. (NYT)

Filed under Scott Walker Wisconsin dark money

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Ok, so no one has actually created a kickstarter to see Mitch McConnell, but $10,000 might be what it takes for his constituents to get a private meal, according to this National Journal story:

"Only one week after Sen. Mitch McConnell took the CEO of Delta Air Lines to breakfast in the exclusive Senate Dining Room last month, the airline executive and his wife wrote $10,000 worth of checks to help fund McConnell’s political operation.
"The donations, which were reported to the Federal Election Commission on Wednesday, made Rick and Susan Anderson the largest contributors to McConnell’s Bluegrass Committee in July. Delta Air Lines’ PAC contributed another $2,500 within days of the breakfast."

Ok, so no one has actually created a kickstarter to see Mitch McConnell, but $10,000 might be what it takes for his constituents to get a private meal, according to this National Journal story:

"Only one week after Sen. Mitch McConnell took the CEO of Delta Air Lines to breakfast in the exclusive Senate Dining Room last month, the airline executive and his wife wrote $10,000 worth of checks to help fund McConnell’s political operation.

"The donations, which were reported to the Federal Election Commission on Wednesday, made Rick and Susan Anderson the largest contributors to McConnell’s Bluegrass Committee in July. Delta Air Lines’ PAC contributed another $2,500 within days of the breakfast."

Filed under Kentucky KYSen Mitch McConnell Senate pay to play

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The key staff from Obama for America are translating their political success into personal economic success. If anything this points to the need for the rest of us to build a movement that gets big money out of politics so the change we voted for in 2008 can become real.
Communications Workers of America President Larry Cohen in this story on former top Obama advisers cashing out with questionable jobs.

Filed under Barack Obama big money CWA