October 9, 2010
-- by Dave Johnson
I think the flood of corporate money into this election will turn to be the big story of what happened. Millions upon millions is showing up to run smear ads against Democrats, and no one can account for where it is coming from. For all we know plenty of it is coming from China.
According to FEC data, only 32 percent of groups paying for election ads are disclosing the names of their donors.
After this election no politician will dare vote against a big corporate interest. Any who do will face millions in smear ads and soon be gone, anyway.
If you think this will lead to a "pro-business" Congress, think again. Small and medium businesses are also squashed by these huge multi-national corporate giants. This is not about "business" this is about entrenched wealth keeping anyone else from getting a slice of the pie. If you think oil companies are "pro-business" ask anyone from an industry that competes with them, including high-speed rail, electric cars, wind farms, etc. If you think Wal-Mart is "pro-business" ask any businessperson from a regional chain or local retailer. If you think Wall Street is "pro-business" ask any local or regional banker or manufacturer.
Posted by Dave Johnson at October 9, 2010 12:34 PM
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