Big-Dollar Impact
by Paul Jacob, Contributing Author: Last Saturday, The Washington Post's top-of-the-front-page headline blared, "50 donors with outside impact."
If that doesn't curdle your blood, readers were further warned of a new "Gilded Age." Yes, in concentrated fundraising the Post heard "echoes of the end of the 19th century, when wealthy interests spent millions to help put former Ohio governor William McKinley in the White House."
McKinley. The horror. The echoes.
Hopefully, self-immolations can be kept to a bare minimum as Americans discover the report's main (only) thrust: 41 percent of $607 million contributed to 2,300 super PACs this election cycle has come from just 50 donors . . . at least, if you also aggregate gifts from the relatives of these 50 folks and their business interests as well.
Isn't that terrifying? Destructive of democracy? Are our elections simply being bought by the billionaires?
No. No. And no.
Any common sense analysis of this year's presidential contests, both Republican and Democrat, must acknowledge that big money did not trump. Pun intended. Sen. Bernie Sanders is now outraising Hillary Clinton with millions of small donations -- not "millionaires and billionaires." Jeb Bush's massive financial warchest made no discernible difference. Even the Post concedes "the mixed impact that big-money groups have had on the presidential contest so far."
Mixed? Name a single state where "big spending" determined the outcome.
Ideas matter. And securing the resources to advance and advertise ideas obviously matters, too. Same goes for candidates -- and their ideas.
More money, more campaign spending, means more ideas and candidacies can reach the political marketplace. That's where voters, not big donors, do the deciding.
This is Common Sense. I'm Paul Jacob.
------------------
Paul Jacobs is author of Common Sense which provides daily commentary about the issues impacting America and about the citizens who are doing something about them. He is also President of the Liberty Initiative Fund (LIFe) as well as Citizens in Charge Foundation. Jacobs is a contributing author on the ARRA News Service.
Tags: Paul Jacob, Common Sense, To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. and "Like" Facebook Page - Thanks!
If that doesn't curdle your blood, readers were further warned of a new "Gilded Age." Yes, in concentrated fundraising the Post heard "echoes of the end of the 19th century, when wealthy interests spent millions to help put former Ohio governor William McKinley in the White House."
McKinley. The horror. The echoes.
Hopefully, self-immolations can be kept to a bare minimum as Americans discover the report's main (only) thrust: 41 percent of $607 million contributed to 2,300 super PACs this election cycle has come from just 50 donors . . . at least, if you also aggregate gifts from the relatives of these 50 folks and their business interests as well.
Isn't that terrifying? Destructive of democracy? Are our elections simply being bought by the billionaires?
No. No. And no.
Any common sense analysis of this year's presidential contests, both Republican and Democrat, must acknowledge that big money did not trump. Pun intended. Sen. Bernie Sanders is now outraising Hillary Clinton with millions of small donations -- not "millionaires and billionaires." Jeb Bush's massive financial warchest made no discernible difference. Even the Post concedes "the mixed impact that big-money groups have had on the presidential contest so far."
Mixed? Name a single state where "big spending" determined the outcome.
Ideas matter. And securing the resources to advance and advertise ideas obviously matters, too. Same goes for candidates -- and their ideas.
More money, more campaign spending, means more ideas and candidacies can reach the political marketplace. That's where voters, not big donors, do the deciding.
This is Common Sense. I'm Paul Jacob.
------------------
Paul Jacobs is author of Common Sense which provides daily commentary about the issues impacting America and about the citizens who are doing something about them. He is also President of the Liberty Initiative Fund (LIFe) as well as Citizens in Charge Foundation. Jacobs is a contributing author on the ARRA News Service.
Tags: Paul Jacob, Common Sense, To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. and "Like" Facebook Page - Thanks!
0 Comments:
Post a Comment
<< Home