Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Owlet

(1,248 posts)
Sat Feb 18, 2012, 08:34 AM Feb 2012

The .0000063% Election 
How the Politics of the Super Rich Became American Politics


By Ari Berman

"At a time when it’s become a cliché to say that Occupy Wall Street has changed the nation’s political conversation -- drawing long overdue attention to the struggles of the 99% -- electoral politics and the 2012 presidential election have become almost exclusively defined by the 1%. Or, to be more precise, the .0000063%. Those are the 196 individual donors who have provided nearly 80% of the money raised by super PACs in 2011 by giving $100,000 or more each.

'This really is the selling of America,' claims former presidential candidate and Democratic Party Chairman Howard Dean. 'We’ve been sold out by five justices thanks to the Citizens United decision.' In truth, our democracy was sold to the highest bidder long ago, but in the 2012 election the explosion of super PACs has shifted the public’s focus to the staggering inequality in our political system, just as the Occupy movement shined a light on the gross inequity of the economy. The two, of course, go hand in hand."

http://www.tomdispatch.com/blog/175504/tomgram%3A_ari_berman%2C_the_politics_of_the_super_rich

1 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
The .0000063% Election 
How the Politics of the Super Rich Became American Politics (Original Post) Owlet Feb 2012 OP
I knew it was bad, but THIS bad? CanonRay Feb 2012 #1

CanonRay

(14,101 posts)
1. I knew it was bad, but THIS bad?
Sat Feb 18, 2012, 10:18 AM
Feb 2012

196 people giving 80% of the money. So they each own about 2 Representative and share a Senator...that about it?

Latest Discussions»Retired Forums»2016 Postmortem»The .0000063% Election &a...