Tag: Campaign finance reform
Did Democratic leaders try to buy a House seat with a $25 billion nuclear bailout?
Today, the House Energy and Water Appropriations Subcommittee included a $25 billion preemptive bailout of the nuclear industry, in the form of loan guarantees for new reactors, in the Energy and Water Appropriations bill.
Wealthy Republicans try to buy their way into Congress
Dozens of car dealers, Internet millionaires, real-estate developers and doctors have leapt into the fray. A few of them, including Mr. Clark, have bet the bulk of their savings to win a seat in Congress.
The road map to even more political corruption in America
If you thought things have gotten bad with campaign financing since the Supreme Court turned on the corporate money spigot in the Citizens United case, you ain't seen nothing yet.
Obama, Clinton fundraiser admits $292 million fraud
A wealthy businessman who raised money for leading Democratic Party politicians, including Barack Obama and Hillary Clinton, pleaded guilty on Thursday to defrauding three major banks out of $292.2 million in loan transactions.
States can limit corporate spending on elections
In fact, the state legislatures have power to constrain runaway corporate and union political spending -- if they are willing to exercise it.
Get ready for giant anonymous campaign contributions from corporations
That means that those nonprofit groups, which are not required to disclose their donors, can now use corporate contributions to buy political commercials, and the corporations can potentially operate behind the anonymity of their donations.“Clearly, that’s where the action’s going to be,” said Kenneth A. Gross, a Washington lawyer who advises corporations on political law.
Leadership PACs give lawmakers a princely lifestyle
Legally, lawmakers are free to spend the leadership PAC money pretty much as they wish.
Supreme Court may gut crucial anti-corruption laws
The Supreme Court signaled Wednesday it may let businesses and unions spend freely to help their favored candidates in time for next year's elections. Such a step could roll back a century of attempts to restrain the power of corporate treasuries in American politics.
Tightening the corporate grip
Can things get still worse in Washington? Yes, they can. And they will, if the Supreme Court decides for corporations and against real human beings and their democracy in a case the Court will be hearing today, Citizens United v. Federal Election Commission.
Elections for sale?
Yet the U.S. Supreme Court has reached out to consider an argument to give corporations a free hand to influence electoral politics. A ruling accepting this argument would shake the very foundation of our republic, turning us from a government of "we the people" to "we the corporations."
Major Democratic fundraiser charged with bank fraud
Hassan Nemazee, a New York businessman and major Democratic fund-raiser with long ties to former President Bill Clinton and Secretary of State Hillary Clinton, as well as other party leaders, was hit with charges tied to bank fraud Monday by federal prosecutors.
A century-old principle: keep corporate money out of elections
The founders were wary of corporate influence on politics — and their rhetoric sometimes got pretty heated. In an 1816 letter, Thomas Jefferson declared his hope to “crush in its birth the aristocracy of our moneyed corporations, which dare already to challenge our government to a trial of strength and bid defiance to the laws of our country.”
Health industry gets what it pays for in contributions to Blue Dogs
Most of the major corporations and trade groups in those sectors are regular contributors to the Blue Dog PAC. They include drugmakers such as Pfizer and Novartis; insurers such as WellPoint and Northwestern Mutual Life; and industry organizations such as America's Health Insurance Plans.
Polluters gave heavily to key lawmakers, who weakened climate bill
Large electric utilities that rely heavily on coal poured money into re-election campaigns as the House shaped and passed landmark climate legislation, a bill that helps those businesses partly sidestep its toughest provisions.
Lobbyists cozy up to Democratic caucuses
$5.7 million -- went to non-profit groups connected to the Congressional Black Caucus and the Congressional Hispanic Caucus Institute...."It's all conducive to building cordial relationships that you can later cash in on."
Health industry lavishes cash on Sen. Baucus, who declared single-payer "off the table"
As liberal protesters marched outside, Sen. Max Baucus sat down inside a San Francisco mansion for a dinner of chicken cordon bleu and a discussion of landmark health-care legislation under consideration by his Senate Finance Committee.
Supreme Court may demolish major anti-corruption law
The Supreme Court signaled Monday that it might be ready to give corporations a free-speech right to spend their money to elect or defeat favored candidates.
Obama names more fat cat ambassadors
President Obama on Thursday tapped two more campaign donors to head U.S. embassies overseas.
Obama offers prime posts to campaign contributors
Louis Susman has one thing in common with many of his predecessors nominated to be the U.S. ambassador to the United Kingdom: money.
3 senior House Democrats linked to lobby firm see donations drop
Three senior House Democrats revealed sharp declines in donations for the first quarter of 2009 after the shuttering of a lobbying firm that in previous election cycles helped steer millions of dollars in donations to their political committees from its lobbyists and earmark-seeking clients.
Financier accused of fraud sought influence in Congress
Texas businessman R. Allen Stanford, whose multibillion-dollar investment empire was ordered seized Monday by a federal judge, has long enjoyed big influence in Washington thanks to a steady supply of campaign contributions, Caribbean trips for lawmakers and fees to lobbying firms.
Lobbyists' money as popular as ever
Coming off of a bruising election that left all four campaign committees with massive debt, the Senate Democratic leadership and House and Senate GOP leadership have already scheduled major fundraising trips to Florida this month, all designed to encourage PACs and lobbyists to max out early in the 2010 election cycle.
Inaugural will be lobbyist schmooze carnival
Mere hours before Barack Obama is sworn in as president with a pledge to end the grip of special interests on government, a group of lobbyists will be feting Rep. John Conyers, a powerful Democratic committee chairman, at a $1,000-a-head reception.
No change: Obama to appoint campaign donors to ambassadorships
President-elect Barack Obama will uphold at least one of Washington’s old ways: the appointment of campaign donors to plum ambassadorships.
Wall Street is big donor to Obama inauguration
90% of donations received so far have been raised by well-heeled fund-raisers, including Wall Street executives whose companies have received billions of dollars in federal bailout money.
Politics for sale: US election spending rose to $4.1 billion in 2008
The bill for the 2008 U.S. elections has been paid, and it comes out to a record $4.1 billion -- almost $20 per registered voter.
How to protect consumers
Back when campaign spending was limited by law, there was an effective quota on taking money from special interests. After the cap was reached, it was more effective to do favours for voters than corporate interests. One way to do this was to support consumer protection initiatives.
Health care for all depends on tackling corruption
President-Elect Obama has promised a system of universal healthcare, but enacting one will be far more difficult than it should be. Even with change coming to America, drug companies and other high-spending special interests will keep buying their way onto Capitol Hill if other things don't change first.
Nepotism Nation: Dems embrace dynasty politics
'Democrats seem to lack a common man who can just win a good, old-fashioned election," said Rep. Tom Reynolds. "They've got seat-warmers, seat-sellers and the making of pillows for the seats of royalty. No wonder the public wonders what's going on in Washington."
Democrats rake in business cash
Some of the biggest corporate names in the Washington influence game backed Republican incumbents before the 2008 elections, only to donate to their Democratic vanquishers afterward.
Cost of a US House seat usually tops $1 million
The price of admission to the U.S. House of Representatives keeps going up. More than half of the winning candidates in November -- 252 in all -- raised more than $1 million for their races.
Obama transition team packed with influence-buyers
Though they worked behind the scenes in Barack Obama's campaign for president, bundlers who raised millions of dollars for his White House bid are starting to land significant posts on his transition team.
Obama campaign sells access to top advisors
Aides to Sen. Barack Obama (D-Ill.) scheduled pricey luncheons, roundtables, readings, VIP receptions and policy dinners with campaign officials and advisers, offering donors a taste of his potential administration.
Democrats accept more business PAC money than Republicans
For the first time since 1994, Democratic congressional candidates are pulling in more funds from corporate political action committees than are Republicans.
Drug industry now buys influence equally from Democrats and Republicans
After favoring Republicans by a ratio of more than two to one for most of the last decade, pharmaceutical companies and others in the health care industry are now splitting their contributions evenly between the two major parties, campaign finance reports show.
McCain, Obama avoid spending limits, undermine public financing
``It's the final nail in the coffin for general-election public financing,'' said Ellen Miller, executive director of the Sunlight Foundation, a Washington-based watchdog group.
What prompted lax oversight? For politicians, a $64 million question
The Wall Street financiers and firms whose problems have prompted a $700 billion federal bailout are no strangers to Capitol Hill or to politics. Since 2001, eight of the most troubled firms have donated $64.2 million to congressional candidates, presidential candidates and the Republican and Democratic parties...
Drug companies, Wall Street, love Obama
Democrat Barack Obama has captured $9.6 million in donations from employees working for securities, mortgage and drug companies, compared with McCain's $6.6 million.
Ralph Reed, sleazy Abramoff business partner, will hold fundraiser for McCain
If you read this space, you knew this was coming. But even now that the odd-couple alliance between Ralph Reed and John McCain is complete, you still can’t believe that it’s true.
Big donors are central to Obama campaign
[R]ecords show that one-third of [Obama's] record-breaking haul has come from donations of $1,000 or more: a total of $112 million, more than Senator John McCain, raised in contributions of that size.
Lobbyists buy influence with $140M in campaign contributions
While many candidates decry special interests' influence in Washington, new reports show campaigns received $140 million from lobbyists in the first half of 2008.
Obama won't practice what he legislates on bundling
The campaigns would have to report the occupations of the bundlers and the specific amounts they are credited with raising. This was a terrific idea. It's too bad that the bill's sponsor, Barack Obama, is failing to follow the rules he set out.
Obama embraced coal industry, condemned Kyoto treaty
In May 1998, at the urging of the state's coal industry, the Illinois Legislature passed a bill condemning the Kyoto global warming treaty and forbidding state efforts to regulate greenhouse gases. Barack Obama voted "aye."
Rep. Rangel's tin cup
In the corridors of money and power in New York City, Rep. Charles B. Rangel (D-N.Y.) is called simply "Mr. Chairman." Everyone knows that he's chairman of the House Ways and Means Committee.
Scandal in plain sight: presidential libraries
A sitting president collecting secret cash in unlimited sums from corporations and wealthy favor-seekers. This might sound outrageous, and it is. But it's also perfectly legal, as fundraisers for sitting presidents work to fill the coffers of future presidential libraries with six- and seven-figure checks.
McCain's use of 'bundler' fundraising outpaces Obama's
Republican John McCain's elite fundraisers have helped collect more than half of his presidential campaign money, while Democratic rival Barack Obama has relied on his top fundraisers for about one-sixth of his coffers, a USA TODAY analysis shows.
Rangel wrangles gifts from the businesses he regulates
House Ways and Means Committee Chairman Charles B. Rangel is soliciting donations from corporations with business interests before his panel, hoping to raise $30 million for a new academic center that will house his papers when he retires.
Democrats look to lobbyist to finance convention
Mr. Farber’s activities are a public display of how corporate connections fuel politics — exactly the type of special influence that Mr. Obama had pledged to expunge from politics when he said he would not accept donations from lobbyists.
McCain's allies find loopholes for big donors in McCain's campaign finance law
Allies of Sen. John McCain have found new loopholes in the campaign-finance law he helped write -- and they're using them to reel in huge contributions to help him compete with Sen. Barack Obama.
Prospects for campaign finance reform look dim during Roberts court
"What's most significant here is what this means for the future," said Rick Hasen, a professor at Loyola Law School. "It tells us that the long-standing limits on corporate and union campaign spending are in grave danger."
Obama & McCain: snuggling up to the bundlers
Now that Mr. Obama has forsworn the public spending limits that he initially pledged to defend, campaign aides have great expectations for Mrs. Clinton’s bundlers. If Mr. Obama woos and wows them, his aides hope they can generate an extra $75 million in private donations for the Obama campaign in coming weeks.
Obama looks more to fat cats and soft money
Sen. Obama's disclosure last week that he will forgo public campaign financing -- and the spending limits that go with it -- appears to be turning his campaign from a reliance on small donors to a well-worn political fund-raising path: the quest for soft money.
First, purge all the lobbyists
If Obama and McCain are truly interested in changing Washington, they must both, in unequivocal terms, commit to public campaign financing.
The small-donor fallacy
Despite the importance of small donors, both Obama and Republican Sen. John McCain are still taking lots of big donations from wealthy special interests. In fact, when the nominating system as a whole is studied over time, the evidence suggests that the role of big donors will turn out to be growing, not shrinking.
Democrats and Republicans will party hard on soft money
When delegates travel to the Democratic and Republican nominating conventions late this summer, they'll enter a cocoon of corporate largesse. Democrats will fly to Denver on reduced-fare tickets provided by United Airlines. Many will be picked up in plush new vehicles donated by General Motors that run on fuel made from "waste beer" donated by Molson Coors Brewing Co.
Obama and McCain: stop raising cash
So the question for Mr. Obama is whether he should take the public money and use it to run in the closing weeks, as Mr. McCain plans to do, or whether he should become the first candidate since the post-Watergate reforms to run a presidential campaign funded entirely by private donations.
Take the public money and run (for president)
This year, it looks like Barack Obama might be the first to turn down public money in the general election as well. That would be regrettable.
For campaign contributions by the wheelbarrow, the back door is open
"By accepting contributions of up to nearly $70,000, McCain and Obama have blown a gaping hole in the integrity of our campaign finance system."
US criminal probe eyes Clinton donor
Federal prosecutors have opened a criminal investigation into a Washington-area donor to Hillary Clinton's presidential campaign, investigating whether he illegally reimbursed other contributors.
Obama has ties to lobbyists despite boasts of not taking their money
Obama often boasts he is "the only candidate who isn't taking a dime from Washington lobbyists," yet his fundraising team includes 38 members of law firms that were paid $138 million last year to lobby the federal government.
Obama: a lapsed principle
Mr. Obama could become the first nominee since Watergate to run a campaign fueled entirely by private money.
Defense firm forged close ties to Congress to get no-bid contracts
At a private breakfast in December, executives from an Alabama defense contractor, Digital Fusion Inc., met with the House intelligence committee chairman, Silvestre Reyes. They handed over checks totaling $24,000 for his re-election campaign.
Bribery probe puts spotlight on defense earmarks
A federal bribery and political-influence investigation at the Army Space and Missile Defense Command here is turning a harsh new light on companies that lobby Congress for no-bid defense contracts.
Buddy, can you spare a billion?
Meet Alan Schwartz, welfare recipient. As the chief executive of Bear Stearns, he's getting rather more public assistance than your typical welfare mom -- specifically, $30 billion in federal loan guarantees to help J.P. Morgan Chase take over his firm.
GOP may find comfort in soft money
Congressional Republicans in the doldrums about the rash of retirements in their ranks and the fundraising woes that have dogged them throughout this election cycle should take heart -- the soft money just might be coming.
Is it bribery? Obama leads Clinton in giving money to superdelegates
The study found that the presidential candidate who gave more money to the superdelegates received their endorsements 82 percent of the time.
Clinton, Obama are Wall Street darlings
Hillary Rodham Clinton and Barack Obama, who are running for president as economic populists, are benefiting handsomely from Wall Street donations, easily surpassing Republican John McCain in campaign contributions from the troubled financial services sector.
Did new NY Governor pay for trysts with campaign funds?
Mr. Paterson said no state funds had been used as he carried out his affairs. He said he may have used his campaign credit card for some expenses that he did not detail, but said, if so, he would have reimbursed his campaign for the spending.
Obama to be in background of trial
Starting even before Barack Obama graduated from law school, his career as a lawyer and politician was nurtured by a Chicago businessman named Tony Rezko.
As developer heads to trial, questions linger over a deal with Obama
But a review of court records, including new details of Mr. Rezko’s finances that emerged recently, show that the lot purchase occurred as he was being pursued by creditors seeking more than $10 million, deepening the mystery of why he would plunge into a real estate investment whose biggest beneficiary appears to have been Mr. Obama.
Will Obama keep his promise?
Just 12 months ago, Senator Barack Obama presented himself as an idealistic upstart taking on the Democratic fund-raising juggernaut behind Senator Hillary Rodham Clinton.
Ralph Nader and the battle to save democracy
Nader, perhaps better than anyone else, has grasped the long, disastrous rise of the corporate state....And it is better to stand up and fight, even in vain, than not to fight at all.
Is Obama weaseling out of his anti-corruption pledge?
Senator John McCain’s presidential campaign said Thursday that it stood by a year-old pledge made with Senator Barack Obama that each would accept public financing for the general election if the nominee of the opposing party did the same. But Mr. Obama’s campaign refused to reaffirm its earlier commitment.
No federal favors, no campaign cash
Seldom has any group illustrated so clearly how tightly political giving is tied to votes, which is precisely what's wrong with the whole system of financing campaigns.
Curbing the anti-social practices of banks
Politicians and regulators have been slow to wake up to the destructive impact of banks on the rest of society.
Honor bound?
Congress is a very special place. Not only does it write the laws, it also instructs people about how to get around them.
Big business floods presidential campaigns with influence money
Corporate America is pouring money into the U.S. presidential campaign at an unprecedented rate, with a torrent of donations coming from the businesses behind the subprime mortgage crisis.
Nuclear industry loves Obama, Clinton
Obama is the largest beneficiary of money from companies that have a stake in nuclear energy's future. The Braidwood plant's owner, Exelon Corp., has donated $275,000 to Obama over his career.
While the election watchdog wanders
In packaging political influence by superlarge chunks, money bundlers are at least as crucial to understanding where candidates stand as their campaign vows.
Lobbyists find more ways to bond with lawmakers
In the past decade, 18 lobbying firms, corporations and labor unions have purchased town houses or leased office space near the Capitol...Despite a strict new ban on gifts to lawmakers, lobbyists routinely use these prime locations to legally wine and dine members of Congress while helping them to raise money, campaign records show.
Obama contributor Rezko is jailed
after judge deems him a flight risk
Antoin Rezko, a Chicago developer and a longtime contributor of Democratic presidential candidate Sen. Barack Obama, was jailed yesterday in Chicago after a judge decided he posed a flight risk and revoked his $2 million bond.
Wall Street is top source of campaign cash
Despite Wall Street's recent woes, people who work in the financial industry continue to dig deep for political donations to Republican and Democratic candidates for president.
The primaries are broadcasters' big payday
Hillary Clinton's surprise victory in New Hampshire guarantees a longer, more competitive Democratic primary season. It's like money in the bank for broadcasters, as the first billion-dollar presidential campaign continues.
Judge orders ex-Clinton bundler to jail
Norman Hsu, a disgraced bundler of political donations to Sen. Hillary Rodham Clinton and other Democratic presidential candidates, lost a bid yesterday to overturn a 16-year-old fraud conviction and was ordered to serve a long-delayed three-year jail sentence, California authorities said.
Drowning in special-interest money
Special-interest money in politics is said to be like water — blocking its flow in one direction only channels it to another. In this year’s presidential election, the flow is turning into a flood.
Dodd campaign cashes in on financial-sector ties
Mr. Dodd's connections to deep-pocketed donors in the finance world have allowed him to run a robust campaign, despite languishing in the single digits in opinion polls.
32 lobbyists bundle funds for McCain
Sen. John McCain (R-Ariz.) took a break from the presidential campaign trail in March to fly to a posh Utah ski resort, where he mingled with hundreds of top corporate executives assembled by J.P. Morgan Chase for its annual leadership conference.
Ties between charities, politics raise questions about Clintons
Now, the secrecy surrounding the William J. Clinton Foundation has become a campaign issue as Senator Hillary Rodham Clinton seeks the Democratic presidential nomination with her husband as a prime source of strategy and star power.
How political corruption hurts the DC schools
When Congress decided to appropriate $2 million in fall 2001 to help D.C. kindergartners and first-graders learn to read, city school officials were told that the money could be spent only on the Voyager Expanded Learning literacy program, a new product with virtually no track record.
Wall Street leads surge in corporate political giving
Big business is shoveling more money than ever into U.S. political campaigns, with Wall Street donations way up, a watchdog group said on Tuesday.
Ridicule and Shame the Bad Actors of the Congressional Black Caucus
The rot in the Congressional Black Caucus has led the body, as a whole, to vote in opposition to their own constituents and progressive values in sometimes greater numbers than the Democratic Caucus.
Is Your Presidential Candidate Owned by Wall Street?
That's a reasonable question, given how much money the Wall Street gang is coughing up this year in campaign contributions.






