Posts tagged campaign finance
Posts tagged campaign finance
“But when it comes to accurately depicting the ebb and flow of money in politics, the Netflix hit drama gets two thumbs down.”
The Wire’s David Simon on our political system, or what it should be: “you don’t count more because you run a corporation and you can heave in favor of your political philosophy onto the process. You don’t count more, you’re one guy.”
Our elections: a shouting match between wealthy Democrats:
"In early February, Mr. Steyer gathered two dozen of the country’s leading liberal donors and environmental philanthropists to his 1,800-acre ranch in Pescadero, Calif. — which raises prime grass-fed beef — to ask them to join his efforts. People involved in the discussions say Mr. Steyer is seeking to raise $50 million from other donors to match $50 million of his own."
A group of major GOP donors, led by New York billionaire Paul Singer, is quietly expanding its political footprint ahead of the midterm elections in an increasingly assertive effort to shape the direction of the Republican Party.
Via this New York Times story on establishment Republicans fighting back against insurgents, we’re going to take a wild guess and assume it’s Sen. Mitch McConnell who’s threatening donors:
“I’ve been told by a number of donors to our ‘super PAC’ that they’ve received calls from senior Republican senators,” said Matt Kibbe, president of FreedomWorks, which is supporting challengers to Republican incumbents across the country. The message from these donors was blunt: “I can’t give to you because I’ve been told I won’t have access to Republican leadership,” Mr. Kibbe said. “So they’re playing hardball.”
Our broken campaign finance system isn’t just about donors getting influence. It’s a cycle of dependency—members of Congress who rely on big donors and the big donors who rely on access to politicians. It’s a no-win situation for everyone else.
Rep. Annie Kuster (D-NH) published an oped today in the Concord Monitor on the Government By the People Act: “Our bill would also present candidates with a viable alternative to the current campaign finance system. Under our plan, smaller contributions to candidates who attract significant grassroots support and forgo traditional political action committee funding would be matched at a six-to-one rate. In addition, candidates who opt to only accept smaller contributions would have their small donations matched at an even higher rate.”
Last night, Sen. Elizabeth Warren talked about big money’s power over our economy and the need for New York State to move forward on reforming our broken system: From Capital New York:
"Sen. Elizabeth Warren rallied a congregation of progressive supporters in Midtown Manhattan on Thursday night, in a rousing appearance designed to put pressure on the state’s moderate Democrats, including Governor Andrew Cuomo, from the party’s left flank."
Today’s must-read. Is it any surprise Congressional approval ratings are in the toilet?
"This is the world of destination fund-raisers, where business interests blend with pleasure in exclusive vacation venues. Lobbyists go to build relationships with lawmakers, Democrats and Republicans alike, seeking action — and often inaction — in Washington for their clients and companies, with millions of dollars at stake. While approval ratings are at historic lows for members of Congress, their allure to those seeking influence in the nation’s capital is as strong as ever."