Clips Round-Up for 6/2/10
Fair Elections/Citizens UnitedIntoxicated on fundraising Great piece on Fair Elections, talks about the benefits of the bill.Another year, more secret spendingEliza Carney’s latest piece on DISCLOSE – faces a lot of opposition and Democrats are running out of time.CongressMoney intended to help candidates often ends up funding PACs themselves PACs are big business, with a lot of money just staying as administrative and fundraising costs. Dems fire a shot across donors’ bowDemocrats are mad that big business is hedging their bets by starting to move their giving to Republicans. Rep. Greg Meeks (D-N.Y.):
- “People are hedging the other way after the Pennsylvania election,” seeing that maybe they should stick with the Democrats.
Prominent Democratic bankroller faces stiff SEC penaltiesSteve Rattner, a financier and notable Democratic fundraiser, faces being banished from the securities industry due to possible kickbacks. He and his wife have given over $1 million to various committees, candidates, and PACs. 20 in black caucus ask for curbs on ethics officeTwenty members of the Congressional Black caucus—including Rep. Barbara Lee (D-Calif.)—are asking the House to “severely restrict” the powers of the Office of Congressional Ethics.OtherHigh court refuses to stop Clean ElectionsAn update on what happened in Arizona yesterday.Buy the people or for the people?An op-ed calling for Clean Elections in Asheville, NC.