August 31, 2011

leaping public interest in a single bound . . .

This from the Detroit Free Press should be read in its entirety . . .
To understand why the income gap separating the nation's wealthiest citizens from everyone else is growing, and why it will likely continue to do so, it's instructive to examine the dramatic changes underway in presidential campaign financing.[...]
The notion that [super] PACs operate independently of the candidates they seek to promote is a fiction founded on legal distinctions that would be laughable if they were not so cynically fraudulent.

The only practical difference between the candidates' campaign committees and the new dedicated super PACs is the lack of fund-raising limitations on the latter.

The net impact of such chicanery is to assure that the nation's elected representatives, like its financial assets, are in the pockets of an ever more exclusive minority of 21st Century plutocrats.

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