Why It's OK to Accept Wall Street Campaign CashWhy It's OK to Accept Wall Street Campaign Cash

By ocean-kat on Mon, 02/08/2016 - 2:27pm |

What do Hillary Clinton, Barack Obama, Franklin Roosevelt, Teddy Roosevelt and Woodrow Wilson all have in common? They all accepted campaign contributions from Wall Street tycoons. all successfully imposed regulations on corporations anyway. Sen. Barack Obama was able to tap nearly 4 million individual donors in 2008. On the other, when it came to actual dollars donated, the share coming from small donors was a similar one-third. He also took in almost twice as much Wall Street money as his Republican opponent, John McCain.

Why did these supposedly liberal champions take all this corporate money? Well, there is the little matter of winning. In the 2012 campaign, the first of the Citizens United era, Mitt Romney and his allied super PACs spent just over $1 billion trying to win the White House. How did Obama survive? By spending the same amount, making sure his message could not be drowned out. And as good as Obama’s small-donor base was, it couldn’t produce $1 billion by itself.

URL:

http://www.realclearpolitics.com/articles/2016/02/08/why_its_ok_to_accept_wall_street_campaign_cash_129584.html

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Look for Bill Scher's follow-up - Why It's Okay to be an Axe Murder.

by HSG on Mon, 02/08/2016 - 8:00pm

Of course, big Democratic donations are handy during Senate campaigns as well. Even if you happen to be an Independent.

by barefooted on Tue, 02/09/2016 - 8:53pm

Here's how it works. Hillary raised 18 million for the DSCC. The DSCC, like any good laundry, washes the money clean and finances Sanders to the tune of 200 thousand dollars. Sanders got his money through the DSCC and as Sanders said, "I absolutely didn't ask Wall Street for money." While Hillary asked Wall Street for money for the DSCC. That's why Sanders is pure and Hillary is tainted.

by ocean-kat on Tue, 02/09/2016 - 10:51pm

Bingo!

by barefooted on Tue, 02/09/2016 - 10:55pm

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