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Campaign Finance and the Super Pac

October 17th, 2012

Campaign finance is a touchy subject. The 2010 decision by the Supreme court was a massive failure in my opinion. With the huge amounts of money being given the candidates can’t help but support their causes. Now, this isn’t quite as bad as it sounds, because the reason they are giving is likely that the candidate already supports their cause. That being said, it gives the candidates a conflict of interest. If the facts change they might still feel they have to support it because of all this money. Barack Obama and his Super Pacs have gotten big money from the likes of Michael Bloomberg and George Soros while Mitt Romney and his Super Pacs from Sheldon Adelson and the Koch brothers.

This can’t help but be a problem. That being said, to put it in perspective we will spend more on Halloween candy this year than on the presidential election. I think this makes a good argument for public financing of elections. It’s hard to decide who gets the money then, but if we can do that, a billion or 2 is a tiny drop in the bucket every 4 years compared to our budget. Wouldn’t a fair election not bought and paid for by the super rich and corporations be worth it?

Note that this infographic is out of date from this spring. I think it makes a good point though. Just add a few hundred mil to each of the numbers.

Elections & Money - Moneyocracy

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Author: Derek Clark Categories: 2012 Election Tags:
  1. October 24th, 2012 at 12:34 | #1

    Welcome to the belly of the beast, folks. This is why you and I have ZERO say in government. To change this we must elect representatives who will go to Washington to slay this Big Money Beast. As you can see, The Republicans and Democrats are under its protection, so they will NOT do anything to harm it. We must find outhers who will. Join us at http://www.partyrecon.org. We’re putting together a hunting party set to kick off in 2014 just in time for the mid-term elections; but we need your support. However, unlike the the Republicans and Democrats, all we want is your vote — NOT YOUR MONEY. Join us in our battle to slay the beast and restore power to the people.