Posts Tagged ‘politics’

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According to Reuters [ht: sm],

Twelve of about 30 people who worked on [Carly] Fiorina’s failed 2010 California Senate campaign, most speaking out for the first time, told Reuters they would not work for her again. Fiorina, once one of America’s most powerful businesswomen, is now campaigning for the Republican nomination in 2016.

The reason: for more than four years, Fiorina – who has an estimated net worth of up to $120 million – didn’t pay them, a review of Federal Election Commission records shows.

On the campaign trail, the former Hewlett-Packard (HPQ.N) CEO has portrayed herself as a battle-hardened business leader who possesses the best financial skills among fellow Republican presidential hopefuls. But some former staffers on her Senate campaign are now raising questions about that portrayal.

Federal campaign filings show that, until a few months before Fiorina announced her presidential bid on May 4, she still owed staffers, consultants, strategists, legal experts and vendors nearly half a million dollars.

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Back in 2013, David Simon, “Baltimore’s best-known chronicler of life on the hard streets,” that capital was taking over the electoral process.

The last job of capitalism – having won all the battles against labour, having acquired the ultimate authority, almost the ultimate moral authority over what’s a good idea or what’s not, or what’s valued and what’s not – the last journey for capital in my country has been to buy the electoral process, the one venue for reform that remained to Americans.

Right now capital has effectively purchased the government, and you witnessed it again with the healthcare debacle in terms of the $450m that was heaved into Congress, the most broken part of my government, in order that the popular will never actually emerged in any of that legislative process.

According to CROWDPAC, the top .01 percent of the wealthiest campaign donors in the United States has effectively captured the political process.

In 1980, this elite segment of the population contributed a total of 16% of all campaign contributions. Today, it’s over 40% and heading towards 50%. Yes, already, close to HALF the money in American politics is coming from 0.01% of the wealthiest donors – that’s around 25,000 compared to nearly 150 million registered voters.

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