Big money talks

This great graphic — via the Washington Post‘s Chris Cilizza — explains how just 17 people accounted for half the money that went to super-PACs, with an average donation of $88,000. That exceeds that median household income in the U.S. by more than $37,000.

14 Responses to “Big money talks”

  1. Obama single handedly put the undue influence of big money back into the American presidential politics when he refused to abide by the McCain-Feingold Act he helped championed while in the US Senate.

    As a mater of fact, President Obama turned down public financing for his 2008 campaign because he was doing so good in raising money from his billionaire left leaning pals.

  2. Steve says:

    Eddie, you hit on all cylinders this time with one exception. Obama turned down public funding in 07 because he was getting so much from small donations he would have had to turn down the big ones to stay in compliance. Other than that it was indeed Obama that really opened the superpac door by staying away from public money and all the rules it imposes and it didn’t hurt him in the poles. Big money talked then as well as it does now. Difference is in 07 big money went to Obama, screwing the annointed one, remember who that was? It was not Obama. It was a Clinton, the same one that just broke all records for miles traveled on the public dime.

    As for the only blue superpac on that list I think it figures, usually big money likes conservatives, a bunch of the big donors are really upset with Obama (almost as much as they were at the shrub) and many of them think Romney may deliver on some of the things Obama promised but failed to deliver like mainly stable tax plans.
    Being the Governor of Massachusetts makes him good at crossing the aisle to get things done and
    Romney has shown he is willing to compromise, earning him the title “Etch a Sketch” after all.
    Nice, that name, libbys all want compromise but if its a Republican its damned if he does and damned if he doesn’t.

  3. Able Sugar says:

    Your point would be better directed at Obama who firmly stated at the $80,000 per couple meet and greet with the New York elite, “you are the people that will determine the path of this country.” So much for the middle class!

  4. It’s funny that you think my point was directed only at Republicans. Yes, they have eight of the nine super-PACs listed on this chart, but my point — that big money, especially anonymous donations — tend to compromise confidence in government is directed at big money, no matter who is receiving it.

  5. Steve says:

    Are you saying you would have made this same statement if the dot colors were inverted?

  6. Jerry Sturdivant says:

    Before I go to the trouble of making a response; I’ll check to see if I’m STILL Blacklisted.

  7. Jerry Sturdivant says:

    Apparently I still am; no more that once sentence.

  8. Jerry Sturdivant says:

    I could list a number of corporate people making out big. Remember, corporations are PEOPLE now, because our right wing SCOTUS gave that case to the corporations; along with People United; enabling corporation to give more bribery money to politicians.

  9. Jerry Sturdivant says:

    It might be fun pretending that big corporate money goes to politicians because of Obama; but let’s get the reasons right – Obama overhauled a disastrous healthcare system that was about to financially break us.

  10. Jerry Sturdivant says:

    I’m sorry, Steve. It’s not worth the effort busting up my response. Get a decent text editor.

  11. Always amazed at the number of people who claim to be “blacklisted” from this blog who can nonetheless post multiple comments. If I did blacklist people — and I never have and never will — you’d not be able to post anything at all.

  12. Steve says:

    If that ever happens to me again I will take a screen grab and email to you Steve. You can give it to IT and let them deal with it.

  13. I will, indeed. That would be most helpful for me to have something to show them.

    Oh, and BTW, yes, I believe that ANY attempt to buy the government that donors want is bad, regardless of who that person is.

  14. Steve says:

    Ah yes, but you do realize big money has always had the loudest voice in this country, ever since its inception.

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