A FEW DOZEN WEALTHY FAMILIES ARE CONTROLLING THE PRESIDENTIAL MONEY WAR
|| By FITSNEWS || We generally have little use for The New York Times, but there was an excellent report in its Saturday editions about the concentration of money in politics.
According to a report by Nicholas Confessore, Sarah Cohen and Karen Yourish, “fewer than four hundred families are responsible for almost half the money raised in the 2016 presidential campaign, a concentration of political donors that is unprecedented in the modern era.”
The concentration of campaign cash is even more pronounced in “Republican” circles.
“Just 130 or so families and their businesses provided more than half the money raised through June by Republican candidates and their super PACs,” the Times report revealed.
Spending on the 2016 presidential election is likely to exceed $5 billion – more than double the 2012 election, according to a report in The Hill. Of that, an estimated $1.5 to $2 billion alone could be spend on behalf of Hillary Clinton – the presumed Democratic nominee.
Hmmm … wonder what sort of favors she’ll dole out for that sort of cash.
Obviously we support the right of individuals and corporations to donate whatever they please to political candidates. That’s free speech. What we oppose is politicians turning tricks for those treats.
Want to eliminate the undue influence of money in politics?
It’s simple. Stop electing whores …