The FTC has been CRUSHING IT under the current leaders by actually enforcing existing rules. I hope Kamala tells those donors to pound sand.
That's why they're saying it
That's why they're giving her the money
Lol, yeah let's just hope and pray a "moderate" will pick people over corporations...
Yeah, this is why we need campaign finance reform. Isn't there another country that limits the duration of their campaigns? That would be a good place to start.
Most countries can kick out a PM, hold a national popular vote election. And have a replacement PM in office in like 2-3 months.
For a fraction of the cost of what we do.
But having the primary start so early and called after 5-10 states vote gives this huge election where fundraising happens nonstop. Which is insane because most people don't see TV/radio commercials anymore. We learn about candidates from what the media says about candidates more than anything, have for decades.
Even in person campaign stops, who goes to one of those if they aren't already voting for them?
It's costing each party over a billion for presidential campaigns these days, and for the life of me I can't understand how they could spend that much if they tried.
It's literally Brewster's Millions, but if someone's team is raising the most, they act like it's a good thing.
Everything about American elections is inflated because there's so much money that can be made in what's essentially legalized bribery. And 99.9% of Americans are priced out of the system. With the "victory fund" nonsense, an individual can give like 960k this year. Why would they waste time with average Americans who might give $20?
The country exerts influence directly and indirectly throughout the world, it is obvious that they are going to spend a lot of money, whether it is companies, organizations, countries or others.
is obvious that they are going to spend a lot of money,
That is about raising money...
I'm talking about how they can spend that much money.
Most of the actual work on voter outreach is done by volunteers. Are they spending it on radio/TV ads no one see? Spam calls and texts asking for donations? Fancy fundraisers to get moreoney?
We spend money to make money, and it just keeps going in a loop and they never really get around to trying to get votes.
It's like infinite unnecessary middle men...
I remember similar cynicism when Obama appointed ~former telecom lobbyist~ Tom Wheeler as FCC chair... only for him to come out with the strongest net neutrality regs in history. People can surprise you.
Tom Wheeler really was surprising because he was a huge industry shill before being appointed FCC chair, and then turned around and stopped being shitty.
Just them going after Adobe is enough for Kamala to get my vote. Fuck Adobe.
I’d say she’s been trying, but I don’t know that anything has been achieved yet. Still an improvement over what we had before.
Between this and her stance on Isreal Harris has excellent tools to snatch defeat from the jaws of victory.
Please, Harris, fucking endorse popular positions... you'll coast into the white house.
You may have forgotten, in this party, winning is less important than pleasing the billionaires.
As someone who voted for Hillary... believe me I have no doubts the depths of self-destruction democrats will go to to please donors.
this ~~party~~ electoral system.
Trump also caved to billionaires immediately despite all of his rhetoric.
Edit: it's kind of whataboutism but I'm just pointing out the real problem.
These motherfuckers own the world, and that's not even enough.
Ppl were celebrating Kamala raising $300 million in another post yesterday. We should NEVER applaud money in politics. IT IS A BRIBE. Keeping money out of American politics should be up there with universal health care. Regardless of the fact Republicans have more mega donors Democrats are still indebted to their mega donors. Applauding for having less mega donors is like applauding a criminal for only having one victim.
Isn't the vast majority donations from regular folks contrary to (most) Republicans? I know Trump gets money left and right but I don't think it's technically going to the party/his campaign...
Don't they have enough money yet?!
Are they not, ever, going to be satisfied? Does a tiny little modicum of restraint upset them that much?
(don't answer that!)
Cost over a billion to beat trump last time and this time is going break the record again.
I don't understand how they're spending this much money, like I understand the answer is corruption, but I'm just amazed they have the balls to claim that much is legitimately spent on campaigning.
Most of it is probably the salaries of the people in charge of collecting donations. They're just after a commission, but Jamie Harrison got the DNC chair because he ran against a nationally hated Republican in a seat he had no chance of winning
Biden didn't care he lost the election, just that he broke records for donations. Everyone ignored the donations weren't so much for Harrison, they were against his opponent.
It's a Shame the Potentially First Female President and ONLY Person who can save the world from Fascism is about to Publicly Endorse the FIRING of the ONLY people in Government holding Billionaires accountable. But there's literally NOTHING else she can do! What is she supposed to tell her Billionaire donors NO? That would be SILLY!
if the vice president wins in November.Most Read from BloombergWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationMadrid to Ban E-Sc
What is this, a bot post with an imperfect scraper behind it?
Bullet points
Most Read from Bloomberg:
Oh so they want her to lose
I expect they already got what they want, killing progressive enthusiasm and getting her to publicly back off wealth tax rates
Monied elites don't like them, they're doing something right. RTA. Sure enough, that's why.
And step to the right.
Dollars to doughnuts they are both working to close the loop holes the 1% are abusing through both of their organizations to infinitely short the stock market. Fight on you radical monkeys. Fight on.
Crypto bro here. Gensler has been doing an amazing job. He's been going after the scams and consistently applying the same Howey Test we've had for a century. It is perfectly clear in this case; the Howey deniers are bullshitting us because they have invested financially and emotionally in scams.
Rich people trying to run the country for their own profit.
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