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Expose the fat cats (re: DISCLOSE act vote today)
AMERICANS WHO are worried about the corrosive power of big money in politics ought to watch what is about to happen in the Senate. On Monday, a cloture vote is scheduled on legislation that would require the disclosure of donors anonymously pumping tens of millions of dollars into this year’s presidential and congressional campaigns. Not a single Republican in the chamber has expressed support for the bill, known as the Disclose Act, meaning it will probably die for this session. It should be interesting to hear how the Republican senators justify this monumental concealment of campaign cash.
Before the Watergate scandals — for those who may not recall — money ran wild in American politics. One man, W. Clement Stone, gave more than $2 million to President Richard M. Nixon’s 1972 reelection campaign. The Watergate break-in was financed with secret campaign contributions. Fat cats plunked down cash for ambassadorships, and corporations for special treatment. The scandal led to landmark campaign finance reforms, enacted in 1974. For many years since, Republicans and Democrats broadly supported the idea of full disclosure.
Before the Watergate scandals — for those who may not recall — money ran wild in American politics. One man, W. Clement Stone, gave more than $2 million to President Richard M. Nixon’s 1972 reelection campaign. The Watergate break-in was financed with secret campaign contributions. Fat cats plunked down cash for ambassadorships, and corporations for special treatment. The scandal led to landmark campaign finance reforms, enacted in 1974. For many years since, Republicans and Democrats broadly supported the idea of full disclosure.
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http://www.washingtonpost.com/opinions/expose-the-fat-cats/2012/07/14/gJQA05KqkW_print.html