Tags
1% Warrior, adelson, buying an election, corporatism, creative destruction, Koch brothers, mitt romney, occupy wall street, pay for play, Super pacs
Great article in Bloomberg on the payoffs expected from the mega rich flooding Romney’s super pacs….Vulture Capitalism bringing Voodoo Economics back and they pray you can’t stop them.
Wealthy donors and corporations are more heavily invested in this presidential election than at any time since the 1972 Watergate scandal led to stricter campaign- finance laws.
A series of court decisions and regulatory changes in 2010 unraveled federal limits on donations, paving the way for a return of the big players. They are pooling their money in nonprofits, which keep contributor names secret, and super- political action committees, which amassed $350 million through the end of July…..Read the entire article at bloomberg