If we don’t fight for our rights now – the working class will cede even more territory to the billionaires of the world. Wall Street and wealthy businessmen are coalescing around their favorite candidate – Mitt Romney – to defeat President Obama in this year’s election. And no these billionaires who already think they have an “insufficient amount of influence” are not investing as much as $500 million into this election because they love this country…they’re investing because a Mitt Romney presidency will provide the best return on investment. These big money donors are giving money through shadowy groups like Karl Rove’s Crossroads GPS without having to disclose their donations publicly.
This is all thanks to the Supreme Court ruling Citizens United and the Republicans who blocked transparency of donors with ZERO Republicans voting for the Disclose Act…the measure failed with 59 votes. And now – the flood gates have been ripped open…and all hell is going to ensue. If you think that it doesn’t make any difference whether or not Mitt Romney or Barack Obama wins the election….you’re in an entirely different world. You’re lost.
Washington Post has the scoop:
An anonymous donor gave $10 million late last year to run ads attacking President Obama and Democratic policies, escalating the money race that is defining the 2012 presidential campaign. And in the new, free-wheeling environment of independent political giving, the identity of this donor, like many others, is likely to remain a permanent mystery.
The donation went to Crossroads GPS, the conservative nonprofit group founded with the support of political strategist Karl Rove. Another donor gave $10 million in the 2010 midterm elections, according to draft tax returns that provide the first detailed look at its finances.
Crossroads GPS would not identify the donors, who could be individuals, corporations or other interest groups, and under tax and campaign laws, it is not required to disclose them. It is possible that both $10 million donations come from the same source.
For more information read: 53% of Outside Spending Comes From Terrorist Organizations, Hostile Foreign Governments, and Druglords. An excerpt:
Republicans stuck together to oppose the DISCLOSE Act, a legislative response to the Supreme Court’s January ruling in Citizens United v. Federal Election Commission, which opened the door for unrestricted sums of corporate and union treasury money to fund political advertisements. A unified Democratic caucus supported the legislation, voting 59-39 on a procedural vote that needed 60 votes to pass.
Republicans successfully filibustered the DISCLOSE Act in July as well, after the House narrowly passed the bill in June.
