If different campaigns and Super PACs are to be believed, a billion dollars of outside money is going to be spent in this cycle just to help elect Republicans according to Politico.
|By: Jon Walker Wednesday May 30, 2012 9:25 am|
|By: David Dayen Monday May 21, 2012 12:05 pm|
The Supreme Court overturned a number of campaign finance laws in the Citizens United ruling over two years ago. And since that time, we have seen the corrosive power of runaway campaign spending, and who it benefits. In fact, the orgy of spending has become so embarrassing, that it has led some to believe that the Supreme Court may reassess their ruling. A Montana case gives them a chance to do that, or duck for now.
|By: Steve Horn Friday May 4, 2012 6:00 am|
Warren Buffett, the third wealthiest man on the planet (net worth: $44 billion), often referred to as the “Oracle of Omaha,” is the target of a May 5 action called for by Stop Coal B.C. Well, not Buffett directly, but a rail company he owns through his massive holding company, Berkshire Hathaway: Burlington Northern Santa Fe (BNSF) Railway.
BNSF Railway is the second largest freight rail company in the United States and the exclusive carrier of thermal coal from coal basins in the northwestern U.S. to docks in British Columbia, where the dirty coal is exported to the global market, primarily to Asia.
|By: Lisa Derrick Monday April 2, 2012 5:00 pm|
You know things are bad when Paul Craig Roberts, one of the founders of Reaganomics, says about deregulation and the current state of the economy:
It’s gone too far.
With Heist: Who Stole the American Dream, directors Frances Causey and Donald Goldmacher trace the roots of today’s current economic crisis back to a 1971 memorandum written by Lewis F. Powell Jr.– a Virginia lawyer and representative of the tobacco industry who later became an associate justice of the United States Supreme Court. The Powell Memo, written for the Chamber of Commerce, lays out a very solid, point by point plan for corporations to loosen regulations and gain greater and greater control of the economy for their own benefit at the expense of of the American people.
|By: RH Reality Check Wednesday March 21, 2012 5:33 pm|
By now it should come as no surprise that anti-choice activists are engaged in a targeted and specific legal strategy to roll-back abortion rights. After all, it has proven to be more successful to slowly and steadily chip away at access to abortion care via judicial opinion than through any attempts at outright bans in state legislatures.
But what might come as more of a surprise is the fact that a key part of that legal strategy involves attacking campaign finance law. In fact the pro-corporate personhood movement and the anti-woman, anti-choice movement share the same attorney: conservative campaign-finance crusader and abortion-rights foe James Bopp, Jr.
|By: David Dayen Thursday February 23, 2012 12:09 pm|
Forget the five people you meet in heaven, here are the five people running the US election system these days.
|By: David Dayen Tuesday February 21, 2012 8:20 am|
A new round of campaign finance disclosures by the Republican campaigns for President showed once again how SuperPAC spending has driven the race almost entirely this year. At most, a few dozen extremely rich people are paying for most of the GOP campaigns, and they’re making no apologies for essentially buying the nominating process.
|By: Jon Walker Tuesday February 7, 2012 10:00 am|
Despite having criticized the Supreme Court’s Citizens United ruling and the rise of Super PACs, President Obama’s re-election campaign has decided to fully endorse the use of their own allied Super PAC. Passing legislation about campaign finance reform was simply not a priority for the Obama administration.
|By: David Dayen Thursday January 26, 2012 6:50 am|
After Citizens United, which was decided two days after Democrats lost their 60-seat majority in the Senate, there was a push to respond to the Supreme Court ruling with some legislation adding transparency and disclosure to the process. If the Massachusetts race went another way it would have passed; Democrats consistently got 59 votes in the Senate for the DISCLOSE Act. But Republicans wouldn’t budget because they reasoned that the new campaign finance system – actually not a system at all but a recipe for massive spending by corporations and the wealthy – would advantage them. In 2010 they were right.
|By: David Dayen Tuesday January 24, 2012 11:50 am|
The early reports were that Sheldon Adelson plowed another $5 million into the SuperPAC supporting Newt Gingrich. It turns out that the money specifically came from Sheldon’s wife Miriam, even though donations can remain anonymous.