Wednesday, October 06, 2010

Capitalist Blue-Bloods Green-Wash Red Money

COC

As the price of buying elections goes up, America's ultra-right wing super-capitalists announce that the "Patriotic Duty-Free Shop" is open for business.

From ThinkProgress:

Foreign-Funded ‘U.S.’ Chamber Of Commerce Running Partisan Attack Ads

The largest attack campaign against Democrats this fall is being waged by the U.S. Chamber of Commerce, a trade association organized as a 501(c)(6) that can raise and spend unlimited funds without ever disclosing any of its donors. The Chamber has promised to spend an unprecedented $75 million to defeat candidates like Jack Conway, Sen. Barbara Boxer (D-CA), Jerry Brown, Rep. Joe Sestak (D-PA), and Rep. Tom Perriello (D-VA). As of Sept. 15th, the Chamber had aired more than 8,000 ads on behalf of GOP Senate candidates alone, according to a study from the Wesleyan Media Project. The Chamber’s spending has dwarfed every other issue group and most political party candidate committee spending. A ThinkProgress investigation has found that the Chamber funds its political attack campaign out of its general account, which solicits foreign funding. And while the Chamber will likely assert it has internal controls, foreign money is fungible, permitting the Chamber to run its unprecedented attack campaign. According to legal experts consulted by ThinkProgress, the Chamber is likely skirting longstanding campaign finance law that bans the involvement of foreign corporations in American elections. In recent years, the Chamber has become very aggressive with its fundraising, opening offices abroad and helping to found foreign chapters (known as Business Councils or “AmChams”). While many of these foreign operations include American businesses with interests overseas, the Chamber has also spearheaded an effort to raise money from foreign corporations, including ones controlled by foreign governments.
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Previously, it has been reported that foreign firms like BP, Shell Oil, and Siemens are active members of the Chamber. But on a larger scale, the U.S. Chamber of Commerce appears to rely heavily on fundraising from firms all over the world, including China, India, Egypt, Saudi Arabia, Brazil, Russia, and many other places. Of course, because the Chamber successfully lobbied to kill campaign finance reforms aimed at establishing transparency, the Chamber does not have to reveal any of the funding for its ad campaigns. Dues-paying members of the Chamber could potentially be sending additional funds this year to help air more attack ads against Democrats.
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"The Capitalists will sell us the rope with which we will hang them."

-- Vladimir Ilyich Lenin



2 comments:

StringonaStick said...

The Citizens United decision effectively shredded what tattered remnants there were of democracy in the US; now the road to grab what remains of the common people's wealth is paved in gold baby, paved in gold.

Anonymous said...

As times goes on it appears more and more that the movie Network was not a work of fiction but a documentry - and an incredibly prescient one as well.