The rich got conned by the Supreme Court and now these pillars of our economy are down multiple millions of dollars.
Do you know what you can do with $19.5 million? No? Neither do I. I have no idea. It's not really an issue for me.
<p> Well, I do know one thing you can do with $19.5 million. You can <a href="http://www.businessinsider.com/karl-roves-historically-colossal-waste-of-money-2012-11">give it to Karl Rove's American Crossroads Super PAC</a>, on the promise <a href="http://www.good.is/posts/good-video-no-more-pricetags-on-our-presidents">that it will get rid of the president</a>. (That's what <a href="http://en.wikipedia.org/wiki/Harold_Simmons">this guy</a> did, <a href="http://www.opensecrets.org/outsidespending/contrib.php?cmte=C00487363&cycle=2012">according to this</a>.) </p><p> <a href="http://www.forbes.com/profile/sheldon-adelson/">Sheldon Adelson</a> spent <a href="http://www.opensecrets.org/outsidespending/summ.php?disp=D">a lot more than that</a> and didn't get the <a href="http://www.forbes.com/sites/stevenbertoni/2012/02/21/billionaire-sheldon-adelson-says-he-might-give-100m-to-newt-gingrich-or-other-republican/">Republican primary victory</a> he'd hoped for, nor the <a href="http://www.forbes.com/sites/ryanmac/2012/10/16/romneys-two-biggest-donors-record-net-worth-gains-before-presidential-debate/">general election victory</a>, nor <a href="http://go.bloomberg.com/political-capital/2012-11-01/adelsons-campaign-total-53-4-million/">most of the down-ticket victories</a> he'd spent on (<a href="http://www.politico.com/blogs/burns-haberman/2012/11/adelson-heres-why-im-giving-amply-148454.html">but didn't speak much about</a>). </p><p> This didn't have to happen. </p><p> <a href="http://www.good.is/posts/super-pac-donors-unmasked-who-s-bankrolling-the-presidential-election">The rich</a> got conned <a href="http://www.good.is/posts/video-the-story-of-stuff-eplains-corporate-money-in-politics">by the Supreme Court</a> and now these pillars of our economy are down multiple millions of dollars! This presumably weakens their position as job creators. I don't know if the UnSkewedPolls guy is available right now (oh, he is?), but maybe he can crunch the numbers on exactly how many jobs the jobs creators will not create because of the money they spent on the election.</p><p> <strong>Save the rich! Fix campaign spending!</strong></p><p> Nobody wants to see these billionaires spend more money than we can fathom on television commercials for candidates—they've been taken for fools and exploited by the <a href="http://www.pbs.org/newshour/rundown/2010/08/new-political-groups-face-zero-spending-and-donation-limits.html">Citizens United and SpeechNow decisions</a> and we won't stand for it. The election is over, but not for long! It'll only be another half hour or so before we see spending spike on television ads for midterm elections again. We've seen a lot of folks put in work on this issue:</p><ul class="ee-ul">\n<li> Amid a downpour of negative advertising, <a href="http://www.unpac.org/">UnPAC</a> bought <a href="http://www.good.is/posts/ohio-gets-the-best-kind-of-political-ad-silence">silence for campaign-weary swing-state citizens</a>. </li> <li> <a href="http://www.good.is/members/lessig">Lawrence Lessig</a> has <a href="http://www.good.is/posts/what-you-won-t-hear-in-the-presidential-debates-getting-dark-money-corruption-out-of-politics">put together a proposal</a> involving asking randomly selected conventions of Americans what to do. (No, Congress is not a randomly selected convention of Americans.)</li> <li> Stephen Colbert, a true defender of the wealthy, <a href="http://www.colbertsuperpac.com/">mocked the new rules to his viewers' delight</a>.</li> <li> Colorado voters <a href="http://www.denverpost.com/breakingnews/ci_21941893/amendment-65-symbolic-but-still-needed-supporters-say">turned out for a largely symbolic constitutional amendment</a> demanding that legislators address corporate spending in politics. </li>\n</ul><p> The most immediately effective effort came in the hotly contested "marquee" Senate race in Massachusetts—where the candidates called and held a <a href="http://bostonglobe.com/opinion/2012/11/07/brown-warren-pledge-made-for-cleaner-campaign-super-pac-era/KYTcOjiuiXOCobkfNeppGN/story.html">so-called Super PAC truce</a>, <em>saving rich people tons of money</em>. One candidate <a href="http://thecaucus.blogs.nytimes.com/2012/02/08/senator-challenges-rival-to-super-pac-truce/">tried this in Montana, too</a>, but failed. (And <a href="http://www.motherjones.com/mojo/2012/11/tester-wins-montana-senate-race">won the election</a>.)</p><p> <em><a href="http://commons.wikimedia.org/wiki/File:Sheldon_Adelson_21_June_2010.jpg">Photo</a> via Wikimedia Commons.</em></p>
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