Showing posts with label POLITICAL CORRUPTION. Show all posts
Showing posts with label POLITICAL CORRUPTION. Show all posts

Saturday, July 12, 2025

They knew.

 

Generally speaking, the more important the issue, the less it is discussed here in Washington DC. Let me give you an example. Today, while few people are talking about it, we are living under a corrupt campaign finance system which is undermining our democracy, and allows billionaires to control our political and legislative process.

In case you haven’t noticed, modern elections are less about ideas and candidates. They are about competing 30 second ads that billionaire-controlled Super PACs produce.

And as insane as this may sound, that spending can have more influence than the real-life candidate. In campaigns with huge amounts of outside spending, the average voter is often voting for the unknown donors behind the “independent expenditures,” not the person on the ballot.

How did this happen?

In 2010, the U.S. Supreme Court ruled in a 5-4 decision in the Citizens United case that billionaires could spend as much as they want on political campaigns. And that’s what they’re doing. Since that decision was made political spending on elections has gone up by more than 1,600 percent. In the 2024 election 100 billionaire families spent $2.6 billion – double what they spent in 2020. Elon Musk alone spent $290 million to elect Trump. His reward: he became the most powerful person in government and was able to establish DOGE, implement his extreme right-wing ideology, and throw tens of thousands of federal employees out on the street.

But the impact of a corrupt campaign finance system goes beyond presidential campaigns. It goes right into the heart of the legislative process in Washington.

In early July 2025 Republicans in Congress passed Trump‘s “Big Beautiful Bill” – the most destructive piece of legislation in modern American history. While providing $1 trillion in tax breaks to the top 1% this bill makes massive cuts to Medicaid, nutrition and education. As a result of this legislation over 16 million Americans will lose the health insurance they have. Studies indicate that 50,000 Americans will die unnecessarily every year because they will no longer be able to access the medical care they need.

Almost every Republican member of the House and the Senate voted for this horrific bill. Why? Do you think they didn’t know about the impact that massive cuts to Medicaid and the Affordable Care Act would have on their constituents – many of whom are working class and poor? They knew. But what they also knew was that if they stood up and opposed that legislation, on the very next day Oligarchs with unlimited resources would be announcing that their super PACs would be opposing their next election bid. And they would likely lose.

That is exactly what happened to Senator Thom Tillis of North Carolina. Tillis announced his opposition to this terrible bill because it would cause over 650,000 people in his state to lose their health insurance. The next day Trump ruthlessly denounced him and threatened to primary him. A few hours later Tillis issued a statement that he would not seek re-election. The Oligarchs do not take no for an answer. They fund candidates. They expect them to do as told. Period.

But it’s not just Republicans. Oligarchs have enormous power over the Democratic Party as well. A few recent examples:

While outspent by Republicans, over 80 Democratic billionaires donated tens of millions trying to elect Kamala Harris president in the 2024 election. Their heavy influence in her campaign, in my view, cost her an election that should have been won. Instead of running a campaign that took on powerful special interests and making it clear that she would fight for the working class of our country, she ran a campaign designed not to antagonize the business community and the Oligarchs. In fact, one of her main spokespersons was the billionaire Mark Cuban.

Billionaire influence on Democrats goes well beyond campaigns. It impacts decision making on some of the most significant moral and foreign policy issues that we face. On October 7, 2022, Hamas, a terrorist organization, carried out a horrific attack against Israel which killed 1,200 innocent people, and took over 200 hostages. Israel, like any country that underwent such an attack, had a right to defend itself. But Israel, in violation of international law, did not have the right to wage an all out war against the Palestinian people. That war, up to this date, has resulted in the deaths of some 56,000 people and the wounding of over 110,000 – in a population of only 2.2 million people in Gaza. Over 60% of the victims were women or children. There are, by far, more children with amputated limbs in Gaza than anyplace else in the world as a result of Netanyahu’s unconscionable, illegal and immoral war.

Do you think that Democrats in Congress (and Republicans) don’t know what’s going on in Gaza? Do you doubt that many of them are disgusted with the behavior of the Netanyahu government and how Israel is waging this barbaric war? Of course they do. Why, then, do they continue to vote for billions of U.S. dollars to support this war? The answer is that many of them understand that if they vote against military aid for Israel, they will face strong opposition from AIPAC and other billionaire-funded super PACs. And that’s not an idle threat. AIPAC has already spent huge amounts of money defeating members of Congress like Cori Bush in Missouri and Jamaal Bowman in New York who had the courage to oppose U.S. aid for the Netanyahu government.

But this political corruption is not just limited to what goes on in our nation’s capitol. It now takes place in virtually every state and large city in America.

In June 2025 a democratic socialist, Zohran Mamdani, defeated the Establishment candidate, former Governor Andrew Cuomo, in the Democratic primary for mayor of New York City. Mamdani ran a campaign that generated enormous grassroots enthusiasm in support of a working class agenda. The Oligarchs panicked after he won. Quite openly, billionaires in New York City have announced that they are prepared to spend hundreds of millions to defeat him and are looking for the candidate to do that.

Sisters and brothers: Let me be as blunt as I can and tell you what you already know. As a result of the disastrous Supreme Court decision on Citizens United, the American political system has been totally corrupted, and the foundations of American democracy are being undermined.

The reality is that while the billionaire class tries to buy our elections and our government, people who work for low wages, have no health insurance, can’t afford prescription drugs, and can’t find affordable housing are giving up on politics.

They see the rich getting richer as they use their wealth to buy influence, and wonder whether anyone in Washington even knows what is going on in their lives and it's hard to blame them for feeling that way.

That is why it is critical we do our part to stand with candidates who are campaigning on addressing the needs of working people in this country and who are likely to face the brunt of Super PAC spending for doing so.

I am talking about candidates like Abdul El-Sayed in Michigan, who is all but certain to face millions of dollars of AIPAC spending in his primary election.

I am talking about candidates like Adelita Grijalva in Arizona, who is facing hundreds of thousands of dollars in Super PAC spending in the final days of her race.

It is my intention to do everything I can to support candidates like that this election — and to do so consistently. We'll raise money for them, we'll ask our large numbers of supporters to volunteer for them, and I will campaign for them in person.

But I cannot do that alone. Same as every campaign we've ever run. It's not just me. It's us. So I am asking:

Can you please contribute $27 or whatever you can afford to help me travel the country and do everything I can to help elect progressives who have the courage to campaign for working people and stand up to the billionaire class of this country?

If you've stored your info with ActBlue, we'll process your contribution instantly:

 

This is not a progressive issue. It is not a conservative issue. It is an American issue. Money in politics is an issue that should concern all Americans — regardless of their political point of view — who wish to live under a government that represents all of the people and not just a handful of powerful special interests.

In solidarity,

Bernie Sanders

 

Paid for by Friends of Bernie Sanders

(not the billionaires)

PO BOX 391, Burlington, VT 05402

Tuesday, May 6, 2025

Help us stop Trump’s crypto scams, protect consumers, and defend financial justice

 

Americans for Financial Reform


Donald Trump and Elon Musk want to print their own money. Now, they have a bill in the Senate, the GENIUS Act, that would let them do exactly that. No guardrails on their corruption.

The GENIUS Act is a Trojan horse. It would allow corporations like X/Twitter, Meta, and even Trump’s own family firm to create stablecoins, a digital token that is like a private currency. The bill has no meaningful consumer safeguards, will help enable more money-laundering, and pave the way for a major crypto crash.

Last week we learned that the Trump family is making a $2 billion deal with a Middle Eastern fund using his family’s own stablecoin. If that alone wasn’t bad enough, one of the firms involved, Binance, has already admitted to federal money laundering charges. This is exactly the kind of international corruption and legal evasion that the GENIUS Act would legitimize .

Senate Republicans want to fast-track this bill but some Democrats are drawing a line in the sand, demanding real guardrails against corruption, money laundering, and consumer abuse. If they don’t succeed, this dangerous crypto scheme could become law very quickly.

We cannot let that happen. We need to make one thing clear immediately: Tell your Senators to vote NO and block the GENIUS Act, protecting people from Big Tech’s crypto schemes now.

SIGN & SEND

This bill isn’t about innovation, it’s about letting billionaires launder money and political corruption. It opens the door to market manipulation, untraceable bribes, and endless scams. And it will allow Trump and his family to enrich themselves without any meaningful limits.

Trump and Musk want to get rich using stablecoins so they can cash in before the next crash. They’re not afraid of the next crash because, if it happens, they know working people will be left holding the bag. Just like in 2008. Just like with all sorts of crypto scams. Just like with every financial crisis caused by deregulation and greed. We’ve seen what happens when crypto collapses: people lose their savings, markets seize up, and fraudsters walk away rich.

This may be our last real chance to stop the GENIUS Act. And there will be no way to put the toothpaste back in the tube.

Tell your Senators to vote NO and block the GENIUS Act, protect consumers, and stop Trump’s crypto scam. Please sign and send your message now.

Thanks for standing up to billionaire crypto fraud.

-Mark

Mark Hays (he/his)
Associate Director, Cryptocurrency and Financial Technology
Americans for Financial Reform

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Thursday, August 25, 2022

TOP NEWS: After $1.9 Trillion Giveaway to Rich, McConnell Calls Debt Relief for Working Class 'Slap in the Face'

 


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August 24, 2022
Top News



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After $1.9 Trillion Giveaway to Rich, McConnell Calls Debt Relief for Working Class 'Slap in the Face'
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Political corruption and the idea that corporations can be people are the cancer at the core of our national crisis.
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Energy Giants Spending Millions to Block This State's Effort to Create Consumer-Owned Utility
Maine's investor-owned utility companies are spending millions to stop a proposed consumer takeover.
by Jon Lamson

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