Wednesday, June 15, 2011
No Better Nor Worse
The Obama administration is no better nor worse than preceding administrations when it comes to offering plum governmental posts to big money donors. The problem is the campaign finance system itself. It is broken. The amount of money needed to get elected to any national office is staggering. Even local offices such as school board and city council require oodles of money. At no time in American history has money been more important to running a successful campaign — especially for the White House.
Once elected, officeholders feel beholden to the donors they needed to get there. And with good reason — without them they don’t get elected. Obama and McCain combined to raise more than $1.1 billion in 2008. The two general election candidates may surpass $2 billion in 2012. And much of that money will come from big money donors and bundlers, not every day folk writing $25 checks. Until the system is fixed — really fixed — big donors will continue reap the benefits of their fundraising prowess. It’s just the way it is.
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