Tag: Campaign Finance Reform

Follow the Money.

A recent study by PoliticalMoneyLine confirms what we all know: corporations love them some GOP. “While many corporate PACs in the 1970s and 1980s sought to split campaign contributions between candidates of both parties, the new study found that more than a quarter of the large corporate PACs gave at least $3 to Republican candidates for every $1 to Democrats.“

Dollar Bill on Springsteen & Stipe.

“The 50-50 split is not between Democrats and Republicans, but those who vote and those who don’t. That’s right: nearly 50% of eligible voters chose not to vote in 2000. The underlying challenge of our democracy is to change this non-participation and to ensure that the core values of citizenship and active participation in the electoral process overshadow the domination of big money and corporate power.” Sent to me by Chris at Do You Feel Loved, the inimitable Bill Bradley emerges from hiding to admire the Vote for Change tour in USA Today.

McCain-Feingold fights back.

At the behest of McCain-Feingold’s backers, a federal judge eliminates 15 of 19 FEC rules designed to gut the 2002 campaign finance law. “‘We began to wonder what law they were implementing,’ [Congressman Chris] Shays said. “They were simply trying to rewrite the law to weaken it and put in loopholes.’ Obviously, this decision is coming too late to affect this election cycle much, but perhaps we’ll be able to get a honest sense of McCain-Feingold’s impact in stemming corruption during the 2006 midterms. Update: As you might expect, the FEC will appeal the decision.

Texas Two-Step.

“What has emerged is the outline of an effort to use corporate contributions to control representative democracy in Texas.” You think? Three members of the DeLay machine are indicted for illegal fundraising, and the Exterminator is — naturally — blaming it all on the Democrats. “‘This is 41 days before the election. You do the political math,’ DeLay said. ‘People see this for what it is.'” Well, I see it as the first step in you going down, sucka. Update: The GOP circle the wagons.

The Republican Pastime (Redux).

He may not be able to stay awake during the Superbowl, but Dubya loves him some baseball…and, as it turns out, baseball owners love them some Dubya. “More than a dozen current and former owners and family members are among the president’s top re-election fundraisers…Seven are Bush ‘Rangers,’ each raising at least $200,000, and six are ‘Pioneers’ who have brought in $100,000 or more.
” In contrast, Kerry received a paltry $2000 each from Red Sox chairman Tom Werner and Padres owner John Moores. Hmmm…between this and the Tim Robbins Hall of Fame fiasco last year, I must say I’m feeling pretty proud to be an NBA fan right now. While baseball lines Dubya’s coffers, basketball puts up a Dem for president (albeit one who appears to have fallen off the radar at this critical political juncture.)

The Green Party.

Of course, there are some New Yorkers happy to see the GOP here, namely the finance types. “[T]he firms, which lean Republican in their political giving, are eager to show their gratitude to President Bush and GOP lawmakers for enacting legislation providing billions of dollars in tax and other benefits to their industry and for Bush’s pledge to seek even deeper tax cuts.” Yeah, I bet they are. Well, at least the GOP does in fact support their corporate “values”…In fact, Wall Street may be one of the few groups of self-professed Republicans around the country that aren’t being lied to constantly by the Bushies.

Top of the Food Chain.

Kenny Boy, Your pants, your pants are falling. Ken Lay, former Enron CEO and Bush’s prime corporate sponsor, is indicted on 11 counts of fraud. Says Lay’s lawyer, “Obviously, Andy [Fastow] and his group were not telling the boss that they were stealing from Enron. That’s as obvious as can be . . . It was done by stealth and deceit and of course, in a company as big as Enron, you have to trust someone and obviously trust was placed in the wrong place.” Ok, then explain why Lay dumped $24 million in Enron stock while telling his employees to buy. Throw the book at him, already. (But, by all means, let him speak his mind first.) Update: Dubya can’t handle the truth.

Frontal Assault or Friendly Fire?

The Bush team start prepping their anti-Kerry ads, and, fortunately for the Dems, they’re still living in Fantasyland. “If they run ads about [the Vietnam era], they will probably focus on Kerry’s high-profile opposition to the Vietnam War and comments about U.S. atrocities that could neutralize his record as a decorated veteran.” Um, yeah, ’cause veterans are usually all for atrocities. Still, even amid all the wishful thinking, Dubya’s reps do allow themselves a moment of clarity: “Acknowledging that Bush has received major financial support from corporations, McKinnon said: ‘The issue is hypocrisy in saying you’re going to take on the special interests, not who took the most special interest money. You don’t hear the president in the Oval Office railing against the special interests.'” Well, that’s true, you don’t, but that fact hardly makes for a compelling campaign ad.

Shadiness, Inc.

Tom De Lay’s homegrown PAC, Texans for a Republican Majority, comes under scrutiny for misusing corporate donations. I never would have guessed. In semi-related news, the Senate GOP feels the heat from the soon-to-be-concluded investigation into stolen Dem documents. Lie, cheat, steal…all in a day’s work for today’s Republican Party.