The Best Republic Money Can Buy.

“In the 2010 election cycle, 26,783 individuals (or slightly less than one in ten thousand Americans) each contributed more than $10,000 to federal political campaigns. Combined, these donors spent $774 million. That’s 24.3% of the total from individuals to politicians, parties, PACs, and independent expenditure groups. Together, they would fill only two-thirds of the 41,222 seats at Nationals Park.“

According to a recent report by the Sunlight Foundation, 0.1% of the country made almost a quarter of the campaign donations last year. It’s a great system, tho’.

The Wages of Citizens United: The $$$.

“The Chamber spent much of its money in 2009 on campaigns that worked — it scared the Senate away from considering a version of the Waxman-Markey cap-and-trade legislation, and an argument can be made that its cutting ads on health care (with money taken from some insurance companies) helped to undercut support for the legislation.” You think? In a shape-of-things-to-come moment even before Citizens United goes into effect, the Chamber of Commerce outspent both political parties in 2009.

“According to The Center for Responsive Politics, the U.S. Chamber of Commerce and its national subsidiaries spent $144.5 million in 2009, far more than the RNC and more than double the expenditures by the DNC.” But corporate spending isn’t a problem or anything.

You need us in that trough.

“The Republican Party’s suit was clearly prompted by its troubles in the 2008 election, in which Mr. Obama proved far more adept at fund-raising than John McCain. It is disturbing that the R.N.C. sees its salvation in clearing the way for corporations and other special interests to flood its campaign coffers once again.”

I missed this when it first went down, but the NYT just apprised me of it: On the verge of electoral oblivion — the retirements of Sens. Martinez, Brownback, Bond and Voinovich don’t help — the Republicans have filed two lawsuits aimed at overturning McCain-Feingold, apparently in the hope that they could then feasibly prostitute themselves back into power. (Feingold’s response.)

“In 2003, in McConnell v. F.E.C., the justices upheld the precise provisions the Republicans are now challenging…The McConnell decision should end the matter. But the R.N.C. seems to be hoping that because of changes in the court — in particular, Justice Sandra Day O’Connor’s replacement by Samuel Alito — it can persuade the court to undo this recent and important precedent.” Hmm. I’ve got a bad feeling about this.

Reinforcements: The General…and an Army.

“‘They’re trying to connect [Obama] to some kind of terrorist feelings, and I think that’s inappropriate,’ Powell said. ‘Now I understand what politics is all about — I know how you can go after one another. And that’s good. But I think this goes too far. And I think it has made the McCain campaign look a little narrow. It’s not what the American people are looking for. And I look at these kinds of approaches to the campaign, and they trouble me. And the party has moved even further to the right, and Gov. Palin has indicated a further rightward shift.'”

The general is fed up, and he’s not alone. On a weekend when the Obama campaign announced a record-breaking $150 million September, former Chairman of the Joint Chiefs and Dubya Secretary of State Colin Powell officially endorses Barack Obama, arguing the Senator he is a “transformational figure” who, unlike his opponent, “has displayed a steadiness, an intellectual curiosity, a depth of knowledge…not just jumping in and changing every day, but showing intellectual vigor.“

The GOP’s most famous drug-addled carnival grotesque, Rush Limbaugh, has taken to trotting out more sad McNabb-style race-baiting to try to deflect this unfortunate turn-of-events for the right, but other Republicans out there know — and will own up to — the score. “‘What that just did in one sound bite — and I assume that sound bite will end up in an ad — is it eliminated the experience factor,’ said former House Speaker Newt Gingrich…’How are you going to say the former chairman of the Joint Chiefs, the former national security adviser, former secretary of state was taken in?’…’This Powell endorsement is the nail in the coffin,’ said one Republican official, speaking anonymously to offer candid thoughts about the party’s nominee. ‘Not just because of him, but the indictment he laid out of the McCain campaign.’“

The bygones are bygones.

“We cannot let this moment slip away,’ Clinton pressed. “‘For anyone who voted for me and who is now considering not voting, or voting for Sen. McCain, I strongly urge you to reconsider. I urge you to remember what we are standing for in this election.‘” In the aptly-named town of Unity, NH, Sen. Clinton campaigns with Sen. Obama. (They’ve also now maxed out donations to each other, and Obama continues to hire senior Clinton staff.)

In not-unrelated news, new polls put Wisconsin (+13) and Minnesota (+17) pretty firmly in the lean-Obama column. Says CNN: “The Illinois senator now has 231 electoral votes — 39 shy of winning the presidency,” and that’s not counting OH, FL, CO, NM, VA, or IA…all states we have a solid shot of picking up. Again, I don’t want to jinx anything, but I’m feeling pretty confident about our prospects these days.

Obama: No Public Financing.

“‘It’s not an easy decision, and especially because I support a robust system of public financing of elections,’ Obama said in a video message to supporters, circulated by his campaign. ‘But the public financing of presidential elections as it exists today is broken, and we face opponents who’ve become masters at gaming this broken system.’” Sen. Obama announces he will forego public financing for the general election.

Hmm. I was originally hoping the two candidates, based on their respective campaign finance reform bona fides, might come to an agreement that would make public financing work. But it’s become painfully clear that Sen. McCain has been gaming the system thus far, and at this point I wouldn’t trust him as far as I can throw him. The McCain campaign is calling Obama’s decision “a broken promise of staggering dimensions,” but frankly that dog’s not going to hunt. Sen. Obama has not only run a lobbyist-free campaign thus far, but has now even purged the DNC of their taint (give or take a few loopholes.) Meanwhile, the McCain bandwagon is absolutely crawling with lobbyists, and they apparently even feel free to conduct their business with impunity aboard the unfortunately-named “Straight Talk Express.”

Plus, with its enormously successful small-donor, Internet-based model of financing, the Obama campaign has brought new meaning to the term “public financing” anyway. So, while I’d ultimately like to see a public financing system that works, Sen. Obama still has enough credibility on this issue, I think, that his opting out doesn’t trouble me all that much. Put another way, Sen. Obama has a long way to go before he seems as full of it on campaign finance reform as McCain appears these days.

Prelude to a Rout.

“There is widespread agreement among Democratic and Republican observers that the GOP is headed for a loss of seats in the fall. But the depth of those losses remains a point of real debate, as more and more Republican districts appear to be vulnerable while the GOP campaign arm continues to struggle to match its Democratic counterparts in fundraising.” In both the House and Senate, it seems, 2008 is looking to be a rough year for the GOP.

Jeepers Veepers.

After Sen. Clinton gets toxic and ridiculous over Michigan and Florida — In a clear attempt to poison the well (and fire up the smoke machine), she compared the DNC’s decision to adhere to the rules she herself agreed to (when it suited her) to Election 2000, Zimbabwe, and the civil rights movement — her aides, fundraisers, and husband try to foist Sen. Clinton as Obama’s veep. But Rural Votes’ Al Giordano says hold up: “The Field can now confirm, based on multiple sources, something that both campaigns publicly deny: that Senator Clinton has directly told Senator Obama that she wants to be his vice presidential nominee, and that Senator Obama politely but straightforwardly and irrevocably said ‘no.’ Obama is going to pick his own running mate based on his own criteria and vetting process.“

In the meantime, regarding delegates: Obama picked up two more Edwards delegates and supers Pilar Lujan (GU) and Rep. Dennis Cardoza (CA) crossed paths switching (Lujan to Clinton, Cardoza to Obama.) Also for Obama since the last update: Rep. Jim Costa (CA), Rep. Joe Courtney (CT), and DNC members Scott Brennan (IA), Jenny Greenleaf (OR), and Wayne Dowdy (MS). (In the meantime, Clinton picked up 2 more UADs from Ohio and Massachusetts.) Thus, the most recent tally: Obama +7, Clinton +2. Sen. Obama is now 57 delegates away from the (current) magic number of 2025.

Tar Heel Pride. | Indiana Squeaker.

Just to do this properly, Sen. Obama wins North Carolina by 14 and comes within 2 in Indiana, effectively ending the race for the Democratic nomination. (Yes, it was already over, but now it’s really, really over.) When I got home late last night, Clinton had cancelled all of her public appearances, and it seemed reality had finally set in. But, no, word this morning is she will press on, and continue to burn money and goodwill for no apparent reason. Still, even if her campaign remains gracelessly in denial, I’d expect high-profile Clinton supporters will soon close the deal for her regardless. (Former Clinton backer George McGovern, for one, has now switched to Obama and is urging her concession.) So, the upshot is we’re done here, folks. It’s all over but the cryin’. And Senator Barack Obama of Illinois is our Democratic nominee.

Update: Sen. Obama picks up four more supers (one formerly a Clinton supporter, so it’s Obama +5 to Clinton’s +1), while Sen. Clinton’s Senate backers start looking for the exit. And May 20 is the new May 6.

Clinton: The Netroots are Bitter.

“‘Moveon.org endorsed [Sen. Barack Obama] — which is like a gusher of money that never seems to slow down,’ Clinton said to a meeting of donors. ‘We have been less successful in caucuses because it brings out the activist base of the Democratic Party. MoveOn didn’t even want us to go into Afghanistan. [sic] I mean, that’s what we’re dealing with. And you know they turn out in great numbers. And they are very driven by their view of our positions, and it’s primarily national security and foreign policy that drives them. I don’t agree with them. They know I don’t agree with them. So they flood into these caucuses and dominate them and really intimidate people who actually show up to support me.‘”

As Sen. Obama racks up the endorsements of Robert Reich, Sam Nunn, and David Boren, Sen. Clinton gets her own private fundraiser gaffe: To wit, audio surfaces of her blaming the netroots and “activists” for her dismal showings thus far. Well, I’m sure that‘ll go over like gangbusters. (By the way, if you’re keeping score at home, it’s now screw the southern whites, screw the red states, screw the insignificant states, screw the impressionable elites, and now screw the netroots. But, if you’re a white working-class northerner without an Internet connection, you’re the bedrock of the nation, and no mistake.)