Clips Round-Up 8/3
Fair Elections/Campaign Finance Wall Street’s influence weakened Volcker rule, by Dan Weeks An op-ed from Dan Weeks, President of Americans for Campaign Reform, on the role of campaign cash in financial reform, specifically in limiting the effectiveness of the Volcker rule, and the need for Fair Elections. Government should belong to the people, by Mike Dean An op-ed from Mike Dean of Common Cause Minnesota making the case for Fair Elections.
- "If big businesses want to invest in our government, let them pay their fair share of taxes rather than paying for politicians who’ll write them special tax breaks. That’s why it is time we replaced corporate-funded elections with Fair Elections."
All those arrows are roundly deserved, by Mike Dean Another article from Mike Dean demonstrating that while the U.S. Supreme Court's Citizens United ruling may have opened the door for unlimited campaign cash from corporations, actually doing so may have dire consequences for their public images. Political ads off limits, Goldman promises, by Javier Hernandez Major Wall Street Investment Bank Goldman Sachs has pledged not to spend its corporate funds on ”electioneering communications” even though it can under Citizens United. Congress For Congress, a new vigilance in policing ethics case, by Eric Lipton and Eric Lichtblau
- “In the bazaar that is Capitol Hill, there is nothing surprising about lawmakers’ doing favors for campaign donors or intervening with federal agencies on behalf of constituents or friends.”
Democrats tout corruption cleanup as trials loom, by Kathleen Hunter
- "Behind the scenes and in front of the cameras, Democrats are in full spin mode as they try to minimize the political damage from the spectacle of two potential House ethics trials before the midterm elections."
Rich candidates crowd midterm field, by Jeanne Cummings While self-funded candidates usually lose, the anti-Washington mood this year may be enough to put more into office—and according to this Politico article from Hunter, there are plenty of millionaires and billionaires vying for a seat this cycle. Lobbyists converge on broadband Web battle, by Kevin Bogardus
- "Tech companies, cable firms and phone service providers have upped their lobbying spending. Top technology CEOs have stopped by FCC Chairman Julius Genachowski’s office to express their point of view. And companies that have never hired lobbyists in the past have set up K Street accounts for the first time."
Congress and the spill, New York Times Editorial This New York Times editorial chronicles the response by the U.S. House of Representatives response to the BP Oil Spill in the Gulf Coast.