Wednesday, September 04, 2013

THE ECONOMIC ELITE ARE SPENDING MORE ON ELECTIONS

As I read this article, I was reminded of Sheldon Adelson single-handedly keeping Newt Gingrich in the 2012 GOP primary race.
Business Losing Clout in a G.O.P. Moving Right

By EDUARDO PORTER
Published: September 3, 2013
NY Times

Still, corporations’ reluctance to open their checkbooks suggests an intriguing alternative explanation for the rise of Republicans who are willing to defy their will: companies may have spent too little. Their money was swamped by that of big individual donors who are more ideologically extreme. In 2012, the top 0.1 percent of donors contributed more than 44 percent of all campaign contributions. In 1980 their share of contributions was less than 10 percent.

5 comments:

Ken Hoop said...

http://mondoweiss.net/2013/09/in-sunlight-at-last-israel-lobby-throws-its-full-weight-behind-obamas-syria-strike.html

http://www.bloomberg.com/news/2013-09-04/adelson-new-obama-ally-as-jewish-groups-back-syria-strike.html

Speaking of Adelson and (what is the Yiddish for co?)

Steve J. said...

I'm surprised it took them this long.

Ken Hoop said...

I believe they were a little afraid that Obama might not have done enough to undercut the "Iraq syndrome" so they stayed low key for a while.

Steve J. said...

Ken,
That makes sense. I think they also noted the very negative reactions some pro-Zionists have been getting over the past 6 months or so.

Ken Hoop said...

Krauthammer came out opposed today-but only after lecturing Obama it wasn't enough, he had been too timid when Assad could have been deposed and was untrustworthy to depose him now, in so many words.