Clips Round-Up for 5/24/10
Citizens United/Fair ElectionsCongress trying to ease campaign finance rulesWorried about Citizens United, campaign finance legislation will give parties more power. Common Cause vice president of legislative affairs Sarah Dufendach:
- “Regular-old Joe Six-pack has been drowned out for a long time. The court made a bad system intolerable.’’
CongressJoe Sestak: In politics, money is the problemJoe Sestak talked public financing on “Face the Nation” Sunday:
- “If you took money out of politics, you'd solve 80 percent of all the problems."
Corporate PACS bet on Republicans to regain control of CongressCorporate PACs have started to shift their giving back to Republicans, a possible sign they are preparing for Republicans to take back control.
- “As part of an effort dubbed ‘Sell the Fight,’ House Republican leaders have met privately with corporate executives and lobbyists to argue that their giving has tilted too far toward Democrats and that they need to steer more money to industry-friendly GOP candidates in key races in 2010.”
Derivatives sour Wall St. on ObamaWall Street is mad there is such tough derivatives regulation in the Senate finance bill. They’re taking their money and giving it to Republicans instead. Wall Street money has small effect on skittish CongressVoter anger helped lead to Congress’ ability to overcome campaign cash and support strong financial reform legislationGoldman Sachs donations plummetGoldman donations have all but dried up following their recent troubles.Financial bill poses big test for lobbyistsLobbyists and House members are still paling around at fundraisers, but they aren’t getting all they wantOtherArizona’s Clean Elections law upheld in courtAn analysis of what happened in Arizona on Friday.