from Armstrong Economics:
Politicians in the USA like to point their collective finger at China for corruption problems while they sanction a legalized system of corruption that ensured the NY bankers will NEVER be prosecuted. Furthermore, in the USA, politicians receive untold millions legally funneled to them by political action committees. The PACs assure that Congress votes the way that those who provide the money want it to. Why is Goldman Sachs above the [...]
Top money & politics researchers discover that the public watchdog is quietly deleting information on fat cat funders.
July 16, 2012 | The Federal Election Commission has long been the “go to” source for tracking political money. So when it starts cleansing politically hot contributions from its files, it matters. Big time.
We have discovered that sometime after January of this year, the FEC deleted a whole set of contributions totaling millions [...]
There is a sneaky initiative on the November ballot that would put California on its way to higher poverty and lower wages. Dubbed the “Stop Special Interest Money Now Act,” this initiative could increase the number of uninsured workers, double the wage gap, and cut your annual income by almost $6,000.
Also known as the “Paycheck Protection” initiative, the measure would put California on a path to becoming a right-to-work state, [...]
House Minority Leader Nancy Pelosi on Thursday endorsed a movement announced by other congressional Democrats on Wednesday to ratify an amendment to the U.S. Constitution that would allow Congress to regulate political speech when it is engaged in by corporations as opposed to individuals.
The First Amendment says in part: “Congress shall make no law … abridging the freedom of speech, or of the press…”
Television and radio networks, newspapers, publishing houses, [...]
April 19, 2012
Nancy Pelosi wants to amend the First Amendment. She thinks corporations have too much speech and she wants to limit it.
When Pelosi says “special interests,” she means the interests of those opposed to establishment Democrats. Clear Channel is a corporation. So is Fox News. There are thousands of websites, newspapers, think tanks and political action committees that Pelosi and the Democrats consider corporations.
In Citizens v. Federal Election Commission, [...]
By ERIKA LOVLEY | 5/5/10 5:05 AM EDT Updated: 5/5/10 5:37 PM EDT
While the BP oil geyser pumps millions of gallons of petroleum into the Gulf of Mexico, President Barack Obama and members of Congress may have to answer for the millions in campaign contributions they’ve taken from the oil and gas giant over the years.
BP and its employees have given more than $3.5 million to federal candidates over the past 20 years, [...]
Republicans are rapidly eroding the huge funding advantage that propelled Barack Obama into the White House, with wealthy donors flooding new conservative campaign groups with cash before the presidential election in November.
The super-political action committee backing Mitt Romney, the Republican frontrunner for the 2012 nomination, raised $30m last year, according to filings with the Federal Election Commission published on Wednesday, with 10 individuals and corporations donating $1m each.
Super-Pacs have proliferated after a [...]
This post originally appeared at CNBC.
Politicians vying for the highest office in America often try to project a down-home demeanor to endear themselves to the electorate.
At the same time, nobody can mount a serious campaign for the presidency without money, and lots of it.
So as nice as it is to come off like someone a voter would love to have a beer with, even the folksiest candidate will never make it to the Iowa caucus [...]
January 20, 2012
For decades, lobbies and special interests have ruled Capitol Hill, with PACs effectively steering the outcome of every major political campaign by injecting money and buying influence. Now we find out that Texas Congressman and GOP candidate Ron Paul has been targeted by a new breed of PAC, this time with foreign backing.
In recent years, activists and advocates have won back some ground in terms of placing [...]
CONCORD, N.H. (AP) — Former Massachusetts Gov. Mitt Romney won the New Hampshire primary Tuesday night, adding to a first-place finish in last week’s Iowa caucuses and establishing himself as the man to beat for the Republican presidential nomination. Ron Paul finished second, with Utah Gov. Jon Huntsman, Newt Gingrich and Rick Santorum trailing.
“Tonight we made history,” Romney told cheering supporters.
With his victory, Romney became the first Republican to sweep [...]
Obama, once the most popular candidate among the banking crowd, has ceded much of his Wall Street support to 2012 Republican frontrunner Mitt Romney and his fellow GOP presidential candidates, according to a Center for Responsive Politics analysis of campaign fundraising reports through the third quarter.
The analysis shows that Romney has collected more than $7.5 million in donations from employees in the financial sector, almost double [...]
RALEIGH, North Carolina — Federal prosecutors have completed a wide-ranging investigation into John Edwards’ political dealings and could indict the two-time Democratic presidential candidate within days, a person familiar with the matter said Wednesday.
Edwards could still strike a plea deal to avoid an indictment, said the person, who spoke on condition of anonymity because of the case’s sensitivity.
Federal investigators have been probing Edwards for [...]
Just out from Peter Schiff:
Friends & Supporters –
I write with exciting news. In the months since my Senate campaign came to an end, countless Americans have asked me how they can continue the fight for the principles of liberty and personal responsibility. Here is my answer.
This Thursday, at the First-in-the-South Republican Presidential Debate, I will launch my political action committee, the Make [...]
Powerful interests were banking on Republican John Boehner to be the next speaker of the House, fundraising reports show.
The Ohio lawmaker has collected nearly $7.1 million for his campaign and leadership committees â€” more than double the $2.9 million that current Speaker Nancy Pelosi has received in similar fundraising, according to data compiled by the non-partisan Center for Responsive Politics. Another $2 million has flowed into “Boehner for Speaker,” [...]