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Money in elections

 
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MalibuGuru



Joined: 11 Nov 1993
Posts: 8582

PostPosted: Tue Nov 06, 2018 1:53 am    Post subject: Money in elections Reply with quote

Well, it looks like all the billionaires are fighting Trump. It used to be that Mac wanted money out of elections. What a joke.

Almost $100 million dollars went into Texas this cycle. Crazy.

George Soros
Tom Steyer
Mark Zuckerberg
Michael Bloomberg
Megan Whitman
Warren Buffett
Jeff Bezos
Seth Klarmen
Mark Cuban.

You leftists have sure sold out.

Can anyone here please tell me why all these billionaires are fighting Trump when they've made so much money? Bloomberg has already spent roughly $110 million to aid Democrats during the 2018 campaign, according to the Washington Post. Now he is spending more funds on a TV advertisement which portrays him as a peace-maker and would-be president.
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real-human



Joined: 02 Jul 2011
Posts: 10996
Location: on earth

PostPosted: Tue Nov 06, 2018 11:38 am    Post subject: Reply with quote

back it up with proof. again when there is no link in general you are just lying... you are a serial compusive liar who posts for and with the russians more than anyone.

and again how much have the corporations and the forbes 500 spent using hidden 501c3s that the ultra right wing supreme court said do not have to have limits

In general, just the lobbyist hired by corps outspend individuals 3 to one.

_________________
when good people stay silent the right wing are the only ones heard.
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MalibuGuru



Joined: 11 Nov 1993
Posts: 8582

PostPosted: Tue Nov 06, 2018 4:02 pm    Post subject: Reply with quote

Bloomberg alone gave $110 million to Democrats this cycle. Look it up fool.
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mac



Joined: 07 Mar 1999
Posts: 13040
Location: Berkeley, California

PostPosted: Tue Nov 06, 2018 4:23 pm    Post subject: Reply with quote

If Bard had any critical thinking ability, and decency, he would post his source and think about it some. He might even do a little independent research and see how much big business tycoons give to both parties. But that would take some independent thinking.

This is what is available in reporting, but only as of the end of 2017:

Quote:
Congressional candidates running in 2017 and 2018 collected $879.9 million and disbursed $449.7 million, political parties received $559.3 million and spent $437.3 million, and political action committees (PACs) raised $1.4 billion and spent $1.2 billion during the first half of the 2017-2018 election cycle, according to campaign finance reports filed with the Federal Election Commission that cover activity from January 1, 2017 through December 31, 2017. Presidential candidates seeking office in 2020 raised $33.7 million and spent $18.8 million in the 12-month period. Disbursements for independent expenditures reported in this period totaled $74.3 million. Electioneering Communications totaled $10,000 and communication costs reported to the Commission totaled $396,148.
https://www.fec.gov/updates/statistical-summary-12-month-campaign-activity-2017-2018-election-cycle/

Of course, if Bard paid attention to sources other than Fox, he would know that some corporate contributions can be hidden from public notice by the terms of the Citizens United decision.

Here is a more detailed accounting from Open Secrets. I've included contributions down to Soros so you can see what small potatoes he is compared to big Republican money.

Quote:
The Top Donors


Republican

Miriam & Sheldon Adelson
Medical professional; casino magnate

Total super PAC donations: $112,250,000
Top donations:
CONGRESSIONAL LEADERSHIP FUND
Supports House GOP candidates
$50,000,000
SENATE LEADERSHIP FUND
Supports Senate GOP candidates
$50,000,000
AMERICA FIRST ACTION
Supports President Trump's agenda
$10,000,000
The Adelsons have emerged as major donors in the past three elections and are now helping the Republicans retain control over the House.


Democratic

Michael Bloomberg
Former mayor of New York City

Total super PAC donations: $61,232,800
Top donations:
INDEPENDENCE USA
Supports Democratic House and Senate candidates
$30,271,973
SENATE MAJORITY PAC
Backs Democratic Senate candidates
$20,000,000
LCV VICTORY FUND
Supports Democratic candidates
$5,000,000
Billionaire former New York City mayor Michael Bloomberg, who previously declared himself a political independent before registering as a Democrat in October, has pledged up to $100 million to help Democrats in the midterm elections.


Democratic

Tom Steyer
Hedge fund founder

Total super PAC donations: $50,595,150
Top donations:
NEXTGEN CLIMATE ACTION
Supports progressive causes
$50,295,150
NEED TO IMPEACH
Backs Democratic House candidates
$250,000
YOUNG DEMOCRATS OF AMERICA
Super PAC focused on engaging younger voters
$50,000
The San Francisco-based former hedge-fund founder was the largest individual super PAC donor in 2016. He is now funding efforts to engage young voters in 2018 and tip control of the House to the Democrats.


Republican

Richard Uihlein
Founder of Wisconsin-based shipping and packaging materials company

Total super PAC donations: $34,068,000
Top donations:
RESTORATION PAC
Supports Republican candidates
$8,175,000
CLUB FOR GROWTH ACTION
Supports economic conservative principles
$6,950,000
AMERICAS PAC
Supports Republican candidates
$5,325,000
Along with the large donations he has made this year to federal super PACs and GOP candidates, he has also supported conservative think tanks through his family's foundation.


Democratic

S. Donald Sussman
Hedge fund manager

Total super PAC donations: $19,575,000
Top donations:
PRIORITIES USA ACTION
Supports Democratic candidates
$7,200,000
SENATE MAJORITY PAC
Backs Democratic Senate candidates
$5,000,000
HOUSE MAJORITY PAC
Backs Democratic House candidates
$4,750,000
The Florida-based investor was one of the leading donors to super PACs supporting Hillary Clinton and Democratic House candidates in 2016.



Democratic

Marilyn & James Simons
Philanthropist; hedge fund manager

Total super PAC donations: $16,050,000
Top donations:
SENATE MAJORITY PAC
Backs Democratic Senate candidates
$8,150,000
HOUSE MAJORITY PAC
Backs Democratic House candidates
$6,000,000
RED AND GOLD
Backs Democratic Senate candidates
$500,000
The mathematician, who founded the hedge fund Renaissance Technologies, and his wife are heavyweight Democratic donors.


Democratic

George Soros
Hedge fund founder

Total super PAC donations: $13,105,886
Top donations:
PRIORITIES USA ACTION
Supports Democratic candidates
$5,000,000
WIN JUSTICE
Supports Democratic Senate candidate
$3,000,000
SENATE MAJORITY PAC
Backs Democratic Senate candidates
$2,400,000
Soros is a leading figure and champion of liberal causes internationally.



Republican

Helen & Charles Schwab
Philanthropist & investment firm founder

Total super PAC donations: $12,350,000
Top donations:
CONGRESSIONAL LEADERSHIP FUND
Supports House GOP candidates
$6,250,000
SENATE LEADERSHIP FUND
Supports Senate GOP candidates
$4,000,000
FUTURE45
Super PAC that supports President Trump
$2,000,000
The investment firm founder and his wife are longtime Republican donors based in San Francisco.


But then Bard and other Fox watchers willfully brainwash themselves. And then make up nonsense and attribute it to me. Sad.
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mac



Joined: 07 Mar 1999
Posts: 13040
Location: Berkeley, California

PostPosted: Tue Nov 06, 2018 4:51 pm    Post subject: Reply with quote

But then there are the big boys:

Quote:
By Nicholas Confessore
Jan. 26, 2015


The political network overseen by the conservative billionaires Charles G. and David H. Koch plans to spend close to $900 million on the 2016 campaign, an unparalleled effort by coordinated outside groups to shape a presidential election that is already on track to be the most expensive in history.

The spending goal, revealed Monday at the Kochsí annual winter donor retreat near Palm Springs, Calif., would allow their political organization to operate at the same financial scale as the Democratic and Republican Parties.


Quote:
By PHILIP ELLIOTT / INDIAN WELLS, CALIF. January 28, 2018
The influential network of policy and political groups backed by billionaires Charles and David Koch plan to grow tenfold in coming years, Charles Koch said Saturday as he welcomed 550 of his likeminded pals assembled in California for a donor summit.

All told, the eye on policy and politics will be as much as $400 million, their biggest bucket for a midterm cycle in the groupsí histories. That is on top of cash the influential brothers and their allies funnel every year to projects working in schools, prisons and non-profit groups.


Of course, that is just a fraction of what the Koch's got back from the Treasury in the way of tax cuts for the ultra rich. The average person? $1600. They will pay far more in inflation. https://www.npr.org/2017/12/19/571754894/charts-see-how-much-of-gop-tax-cuts-will-go-to-the-middle-class
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swchandler



Joined: 08 Nov 1993
Posts: 9477

PostPosted: Tue Nov 06, 2018 9:00 pm    Post subject: Reply with quote

The charts tell the story. There's no doubt who benefitted.

It's no small wonder that Donald Trump was boldly lying that the middle class would be getting a 10% tax break before the election.

Oh wait, that promise didn't happen.
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