Government regulatory agencies and congressional oversight committees are captured by the industries they’re supposed to regulate. Massive and supposedly unforeseen disaster occurs as a result. Public is outraged. Congress and President seize the moment to demand sweeping reform. And then… well, not so much. The reforms that eventually get passed never seem to go as far as they should, and the industries responsible emerge largely unscathed.
|By: David Dayen Wednesday April 7, 2010 7:45 am|
Whitman’s sampler is only the most egregious of a trend toward self-funding of outrageous sums in elections. Michael Bloomberg, Jon Corzine, and dozens of other uber-rich men and women have stratified our political space, widening the gap between the electable and the unelectable. Very few Senators are not millionaires; very often the first question out of a political operative’s mouth about a new candidate is “can they self-fund?”
|By: Jane Hamsher Wednesday March 31, 2010 9:15 am|
As political candidates of both major parties continue to underwhelm as potential “agents of change,” ballot initiatives grow more interesting. According to BallotPedia, 90 ballot questions have been certified for 2010 spots in 31 sates. They estimate that if 2010 is an average year, another 130-140 will ultimately qualify. What measures are making their way onto the ballot in your neck of the woods?