Media

As if we needed still more evidence that financial authority over national political campaigns is increasingly wielded by fewer and fewer really rich people, consider this exhibit:

"Super PACs raised about $181 million in the last two years — with roughly half of it coming from fewer than 200 super-rich people."

An excellent series here on PolicyShop details how corporate money corrupts our political system and erodes democracy, particularly in the wake of the Citizens United ruling.

Citizens United has opened the door to what one report is calling the auctioning of democracy. Much of the money being donated through Super PACs is keeping their source secret and the money is untraceable.

If what these Super PAC donors are doing is nothing to be ashamed of, then why are they hiding their identity?

Last month WNYC public radio launched a funny silly little tool to mock the new dangerous phenomena that are Super PACs. The "Generate Your Own Super PAC Name!" tool shoots out mocking but all-too-true faux SuperPAC names (for me it chose "Augment Personal Responsibility").

Today Illinois PIRG Education Fund and Demos released a new analysis of the funding sources for the campaign finance behemoths, Super PACs. The findings confirmed what many have predicted in the wake of the Supreme Court’s damaging Citizens United decision: since their inception in 2010, Super PACs have been primarily funded by a small segment of very wealthy individuals and business interests, with a small but significant amount of funds coming from secret sources.

Last Friday's better than expected unemployment report brought good tidings for the nation’s 15 million unemployed and marginally attached workers -- and for the first time in a long time, it seems like young people are sharing the gains.

Washington, D.C. – Today U.S. PIRG Education Fund and Demos released a new analysis of the funding sources for the campaign finance behemoths, Super PACs. The findings confirmed what many have predicted in the wake of the Supreme Court’s damaging Citizens United decision: since their inception in 2010, Super PACs have been primarily funded by a small segment of very wealthy individuals and business interests, with a small but significant amount of funds coming from secret sources.

Super PACs raised about $181 million in the last two years — with roughly half of it coming from fewer than 200 super-rich people.

Listen closely, and you'll often find yourself surprised by just how trenchantly some libertarians critique crony capitalism and how bold their ideas are for breaking the toxic ties between business and government.