The 2012 Presidential Auction

Jim Hightower writes that the 2012 campaign is essentially a glorified auction between incredibly rich donors, in his column, “It’s Official: Money Now Governs America”

The rich are different from you and me, but the really, really, really rich are also different from the merely rich.

For example, the rich can buy caviar and Champagne, but the Triple-R Rich can buy entire presidential campaigns.

Take Sheldon Adelson, the moneybags who’s pumped $11 million so far into Newt Gingrich’s right-wing run. He has single-handedly kept Gingrich’s White House ambitions alive. Without this one guy’s money, The Newt would’ve been long gone. Thanks a lot, Sheldon.

But Adelson can easily afford to roll the dice on a far-out candidate. This global casino baron hauled in $3.3 million in pay last year. Not for a year — that’s what his hourly take was. In other words, his $11-million bet on Newt, which altered the Republican presidential race, was nothing — less than three-and-a-half hours of one of Sheldon’s workdays.

Even Rick Santorum, who’s so far to the right that his left brain has entirely atrophied from lack of use, is actually in the running for the GOP nomination. He insists that people are flocking to him because of the power of his ideas. Sure, Rick — and the power of Foster Friess’ money.

This little-known Wall Street multimillionaire has long been a partner in the Koch brothers’ plutocratic cabal and a steady funder of right-wing Christian politics. Friess modestly claims that God is “the chairman of my board.” I doubt that, but Friess definitely is Santorum’s guardian angel, having kept his campaign of wackiness afloat with untold infusions of cash. When Friess was told that Santorum’s recent caucus wins would prompt Mitt Romney’s Triple-R Richies to counterattack, he was thrilled. I think that “is so exciting,” he warbled.

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

On Wisconsin Jobs, Biden Won And Trump Lost -- So Fox Whines About 'Trolling'

President Joe Biden announcing major new Microsoft hub in Wisconsin on May 8, 2024

President Joe Biden

President Joe Biden traveled to Wisconsin on Wednesday to announce a new multibillion-dollar project by Microsoft, which stands in contrast to a notorious failure of local economic development in the state during the Trump administration. In response, Fox News’ purported “straight news” coverage accused Biden of “trying to troll” the public and otherwise dismissed the new project.

Keep reading...Show less
What Will Trump Tax Cuts Really Cost? Double The Estimate
Trump Contradictions Exposed In IVF Debate As Biden Trolls Republicans
Chart via Center on Budget and Policy Priorities

There is really only one signature legislative “achievement” from Donald Trump’s time in the White House: The 2017 Tax Cuts and Jobs Act. He did other things while in office—bungling the pandemic, wrecking relationships with allies, insulting veterans—but when it comes to bills pushed through Congress and collecting Trump’s signature, there’s only one thing that stands out. A tax bill that emptied the nation’s coffers to pay off billionaires and corporate bosses.

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}