Thursday, April 14, 2016

Money in Politics: It's Okay if You're Hillary

Hillary Clinton January 2016:
“I know how much money influences the political decision-making,” Clinton said, [...] “That’s why I’m for campaign finance reform."
Hillary Clinton February 2016:
"What the Sanders campaign is trying to do is link donations to my political campaign  [...] , with undue influence with changing people’s views and votes. I've never ever done that and I really do resent the implication or as I said the other night the insinuation," Clinton said. 
After years railing against the Citizens United decision, which opened the floodgates to outside spending in elections, some of them appear to have done a complete reversal.

[...]

The Clinton campaign has spent the last few weeks furiously pushing back at the criticism that she is influenced by the vast donations her campaign receives from backers in the oil and financial industries.

[...]

As journalist David Sirota reported earlier this week, in the 2008 Democratic primary campaign, Clinton harshly criticized then senator Obama for accepting donations from oil and gas executives – and even cut a campaign commercial about it. The kicker? It was less money than Clinton has accepted from people working for fossil fuel companies so far this campaign season.

  Guardian
[A] key argument of the right-wing justices in Citizens United has now become the key argument of the Clinton campaign and its media supporters to justify her personal and political receipt of millions upon millions of dollars in corporate money: “Expenditures, including those made by corporations, do not give rise to corruption or the appearance of corruption” [...]. Indeed, the Clinton argument actually goes well beyond the Court’s conservatives: In Citizens United, the right-wing justices merely denied the corrupting effect of independent expenditures (i.e., ones not coordinated with the campaign). But Clinton supporters in 2016 are denying the corrupting effect of direct campaign donations by large banks and corporations and, even worse, huge speaking fees paid to an individual politician shortly before and after that person holds massive political power.

[...]

Oh no, Clinton supporters insist, the mere fact that a candidate is receiving millions upon millions of dollars — both politically and personally — from Wall Street banks, hedge funds, and large corporations is not remotely suggestive of corruption.

[...]

[A] core Clinton-supporting argument [is]: Look, if you can’t prove that Hillary changed her vote in exchange for Goldman Sachs speaking fees or JPMorgan Chase donations (and just by the way, Elizabeth Warren believes she can prove that), then you can’t prove that these donations are corrupting.

[...]

But as establishment Democrats have repeatedly proven, there is literally no principle, no belief, immune from being dispensed with the minute they think doing so helps empower their leaders.

  Glenn Greenwald
...but hey, do what you want...you will anyway.

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