Sheldon Adelson, one of the richest men in the world and the single largest contributor to Republican politicians in 2012, has admitted to the SEC that he likely violated the Foreign Corrupt Practices Act, which prohibits the bribing of foreign officials.
Category Archive: Corporate Influence in Politics
Mar 07 2013
Feb 22 2013
The Supreme Court has granted cert in McCutcheon v. Federal Election Commission, a case that could potentially make the result in Citizens United much worse by allowing essentially unlimited contributions to political candidates and parties.
Feb 06 2013
Every once in a while you read something that is so staggeringly out of touch with reality that you fear it may rip a hole in the space-time continuum and cause that total protonic reversal thing from Ghostbusters. Please turn off your irony meters before reading this:
Feb 02 2013
Still reading Jeffrey Toobin’s new book, The Oath: The Obama White House and The Supreme Court, and found this very interesting quote from Chief Justice John Roberts in the chapter about the ruling in Citizens United v FEC. Legal experts have long regarded Roberts as an advocate of judicial restraint. That’s why his ruling in …
Jan 16 2013
I’m reading Jeffrey Toobin’s new book The Oath: The Obama White House and the Supreme Court and there is some very interesting information about the Supreme Court’s Citizens United ruling that I wasn’t aware of. There are lots of fascinating facts about how the case was decided that are worth taking a look at. Toobin …
Dec 19 2012
Joseph Rotella and Dennis Van Roekel have an article at U.S. News and World Report that details more than $220 billion in tax subsidies given to some of the largest corporations in the world, allowing them to pay very low taxes even while earning record-breaking profits. And it’s hardly a coincidence that many of them …
Nov 19 2012
Someone on Facebook recently asked a very interesting question, which was apparently asked at the third party presidential debate: If you could make one amendment to the Constitution, what would it be? Let me offer a couple of different possibilities.
Nov 16 2012
My former colleague Dave Weigel has an interesting article about the influence of money — or lack thereof — on the outcome of the recent election. An extraordinary amount of money was spent by outside groups, especially on the Republican side, with little to show for it:
Nov 06 2012
The Sunlight Foundation, which does an amazing job of bringing more transparency to our political system and keeping track of the vast amounts of money that influence it, has released a new report on the dark money being spent in the campaign. Dark money is money from groups that do not have to disclose where …
Oct 09 2012
Remember the story about the coal company who forced their workers to attend a Romney rally in Ohio without pay so he could get a good photo op and tell them, “I tell ya, you’ve got a great boss”? Turns out that same company coerces their salaried employees to donate money to the company’s PAC, …
Oct 05 2012
A couple weeks ago I wrote about the risk for Mitt Romney that if he continues to look like a candidate that isn’t going to win, money might start to flow toward Obama. But it looks like donors are starting to shift money not to Obama but to Republican candidates for the House and Senate.
Sep 28 2012
Mitt Romney, who is on record saying that people and corporations should be allowed to contribute any amount they want to a campaign, doesn’t seem to think that should apply to teachers unions. Because that would be a conflict of interest.
Sep 28 2012
As I predicted from the start, it looks like some of that PAC money that had initially been pulled away from Rep. Todd Akin’s campaign for the Senate may be flowing back in now that he’s refused, once and for all, to withdraw. ABC News reports:
Sep 16 2012
Rep. John Tierney, the ranking Democrat on the House Oversight and Government Reform Subcommittee on National Security, Homeland Defense and Foreign Operations, is pushing the Pentagon and the State Department to make Academi, formerly known as Blackwater (and formerly known as Xe) ineligible for federal contracts due to their violation of American law on the …
Sep 14 2012
In 2008, a full 20% of President Obama’s campaign contributions came from Wall Street banks, getting considerably more money from the big financial interests than John McCain did. Why? Because he was winning and corporate money will usually flow to the winner. So now that Obama has taken a clear lead over Romney, will that …