Campaign Finance

Here Comes The Money

There are purists on the Left who believe President Obama should unilaterally disarm and renounce big campaign finance, however when faced with $100 million from Sheldon Adelson and $400 million from the Koch Brothers, I'm glad he is not following their advice.

Newt Gingrich benefactor billionaire Sheldon Adelson and his wife Miriam have contributed $10 million to Mitt Romney’s super PAC Restore Our Future and now Forbes reports that the couple is willing to spend a “limitless” amount or more than $100 million to help defeat President Obama in November. And while $100 million sounds like a lot, the donation is just a drop in the bucket for the casino mogul. Adelson’s $10 million donation to Romney is “equivalent to $40 for an American family with a net worth of $100,000,” while his $100 million goal “constitutes the same percentage of Adelson’s wealth that $300 to $400 does for normal Americans.” Forbes estimates Adelson’s worth at $24.9 billion.

I firmly believe President Obama will win a second term in office, however even if that's the case this is a serious perversion of Democracy that needs to be reversed

Supreme Court nominations made by President Obama during a second term may be the only way to do so. I wouldn't count on congress going out of their way to renounce unlimited cash.

  • Victor_the_Crab

    Without Citizens United, Mitt Romney gets crushed by President Obama. With Citizens United, plus a lazy, secretly cherring corporate lamestream media helping them out, the race for the White House is closer than it deserves to be.

    However, despite all that, it’s still up to Romney to convince voters why he should become president. He can say all kinds of reasons why Obama shouldn’t be president, but if he can’t come up with one solid reason why he should be president – and so far, he hasn’t and problably never will – all the money in the world won’t give him the victory in November.

  • i_a_c

    Is this what you had in mind, Emperor Kennedy, when you ruled for Citizens United? $100 million is at least 2500 average family incomes put together. Is flooding media with endless campaign propaganda “free speech”? While there may not be a direct quid pro quo, does anybody really believe that the efforts of these rich men and corporations, with interests vastly different than 99.8% of the rest of America, will not be rewarded by the politicians who benefit? Does anybody believe that all of this additional “speech” does not just drown out the voting public?

    Emperor Kennedy agrees with Mitt Romney, that the richest among us should continue to be rewarded with the privilege of purchasing elections and purchasing policy. It is a profit-making venture–simply propaganda used to turn the voting public against each other to pad the fat wallets of the Adelsons and Kochs of the world.

  • mrbrink

    People need to remember, Potter’s not selling, he’s buying.

  • John Conner

    The fact remains no ones likes Mitt Romney and even the people who are voting for Romney aren’t voting for him because they like him and that can’t carry you far. So these greedy wingnut billionaires can drop all they want they can’t turn dog shit into Thanksgiving dinner.

    The fact remains Mitt Romney has no message. All he has done is stand in front of 200 or so blue hairs and say Obama sucks, elect me. Sure that might be enough for the racist blue hairs but not for a rational fair minded person sitting at home.

    And plus money can’t make you a good debater if the likes of Rick Santorum and Rick Perry can frustrate you how can you stand up to Barack Obama? This is where Mitt Romney will show the nation he’s a empty suit. Willard has to tell people how he would handle things different and it gives Obama a chance to do some fact checking in real time.

  • Dan_in_DE

    Great point, Ashby! This has been my thinking on the whole Citizens United mess too. Just one gripe- you should link a couple of the supposed purists, because I’ve heard you mention them before, but I don’t travel into the Greenwaldian and Kossack realms (or whichever, likely emoprog, commentators you’re thinking of) so it’s just hearsay for me at this point.

  • Razor

    We are so royally screwed. This is going to be the longest, most aggravating five months in modern American history.