Friday, February 26, 2010

A Great Post On Campaign Finance From Cato

Can be found here.

Key graph:

"The next time someone tells you that donations are “legalized bribery,” ask them why Obama took $18 million from Wall Street and gave them in return endless abuse and hostile legislation.

Quid pro quo, indeed."

3 comments:

  1. To a point I agree with this but what it also gains is access. Access provides influence. Those people that sent in $10 donations are not getting invited to the White House. Those bundlers are. Last week when President Obama mentioned those "savvy guys" he was talking about 2 large DNC contributers who lead businesses with PACS that contribute a large amount of money to the DNC.
    Additionally, most of what the President is doing is street theater. If you can slap banks with a "responsibility fee" why not slap a "repay the government fee" on every GM car sold?

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  2. But what did the access get them that the $10 folks didn't get?

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  3. A job on the Government Motors Corporation board for one.

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