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View Diary: Obama Signs Law To Get Money Out Of Politics!!! (59 comments)

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  •  yeah, may as well let the corps and the rich... (12+ / 0-)

    have the whole pie rather than fixing the system so that it's completely publicly financed.

    i'm part of the 99% - america's largest minority

    by joe shikspack on Fri Apr 04, 2014 at 01:11:45 PM PDT

    [ Parent ]

    •  I agree with your sentiment but conventions (2+ / 0-)
      Recommended by:
      duhban, eztempo

      are probably the least useful campaign activities to fund with public money.

      •  So now we'll have the AIG Democratic (6+ / 0-)

        National Convention sponsored by Pfizer.

        I can't wait.

        "Information is power. But like all power there are those who want to keep it for themselves" Aaron Swartz, 1986 - 2013

        by TheMomCat on Fri Apr 04, 2014 at 01:59:50 PM PDT

        [ Parent ]

        •  They are primarily funded by labor unions already. (2+ / 0-)
          Recommended by:
          duhban, eztempo

          18 mln is a relatively small portion of a cost of the convention.

        •  check out the list of corporate sponsors in 2008 (6+ / 0-)

          So far this election cycle, the corporate sponsors of the Democrats' August gathering have already given $26.2 million total in direct campaign contributions to federal politicians, committees and parties, with Democrats getting 53 percent of that. (The money comes from individuals associated with the companies--employees and their families--and company PACs, not from the corporations' treasuries.) The sponsors who have given the largest political contributions include AT&T ($3.2 million, 40 percent to Republicans), Comcast ($1.9 million, 61 percent to Democrats) and investment bank Lehman Brothers ($1.6 million, 64 percent to Democrats). Employees and PACs at 32 of these companies have given more than 50 percent to Democrats. Those that have given the most total to Democrats include the Service Employees International Union ($1.3 million), AT&T ($1.3 million) and Comcast ($1.1 million).
          Democrat Hillary Clinton has received $971,740 from 38 of these companies, compared to the $1.3 million Barack Obama has collected from 48 companies. According to the Rocky Mountain News, 20 of these companies will also be sponsoring the Republican convention in Minneapolis-St. Paul. Republican John McCain has received a total of $535,900 from 36 of these companies and more than Obama or Clinton from nine of them. Of all of the sponsors, Lehman Brothers ranked the top giver to both Obama and Clinton, while Comcast came in second place for most generous giver to Clinton. Google claimed that distinction for Obama. Check out how much each company has spent on political contributions in the chart below.
          (emphasis mine)

          without the ants the rainforest dies

          by aliasalias on Fri Apr 04, 2014 at 04:20:24 PM PDT

          [ Parent ]

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