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Author Topic: Big Money in Politics
clearview
rabble-rouser
Babbler # 4640

posted 14 November 2003 02:55 PM      Profile for clearview     Send New Private Message      Edit/Delete Post
A Cleveland Billionaire is pledging $12 million to help get bush out of the white house. Read it Here:
quote:
In a way, Lewis is in on the ground floor of a political startup - one that demonstrates that for all the talk of campaign finance reform, big money still has a role in politics. Because of the McCain-Feingold campaign finance law, political parties no longer can raise unlimited sums to run shadow campaigns for their candidates. But outside groups - known as 527 organizations for the tax code section that governs them - can accept unlimited sums and advocate positions.

I don't know much about it but it seems that this 527 thing may be a way to keep big money donations on the political front without going directly through a political party.


From: Toronto | Registered: Nov 2003  |  IP: Logged
josh
rabble-rouser
Babbler # 2938

posted 14 November 2003 03:18 PM      Profile for josh     Send New Private Message      Edit/Delete Post
quote:
Originally posted by clearview:

I don't know much about it but it seems that this 527 thing may be a way to keep big money donations on the political front without going directly through a political party.


That's exactly their purpose. Under the McCain-Feingold act, these type of donations, otherwise know as "soft money," cannot go to the political parties. Hence, the sudden importance of the 527s. This actually may have the effect of pulling the Democratic Party more to the left.


From: the twilight zone between the U.S. and Canada | Registered: Aug 2002  |  IP: Logged
babbler/dabbler
rabble-rouser
Babbler # 4633

posted 14 November 2003 03:19 PM      Profile for babbler/dabbler        Edit/Delete Post
This really is news!
Do any of you know about the organizations Lewis supports? Being a cynic, I would guess that the gifts to universities would be to control curiculum.
The support of Ralph Nader for the lordly sum of 2,000 is not spectacular.
What do you suppose this guy is really about?

From: Nova Scotia | Registered: Nov 2003  |  IP: Logged
josh
rabble-rouser
Babbler # 2938

posted 14 November 2003 03:22 PM      Profile for josh     Send New Private Message      Edit/Delete Post
George Soros is actually the big player in this, as is discussed here:

http://www.rabble.ca/babble/ultimatebb.php?ubb=get_topic&f=1&t=002314


From: the twilight zone between the U.S. and Canada | Registered: Aug 2002  |  IP: Logged

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