Lots and Lots of
Smaller than reality.
Can’t let facts get in the way.
But we know enough
“My view is that Washington and the
regulators are there to serve the
Rep. Spencer Bachus (R-AL), incoming House Financial Services
“I sense a lot of dissatisfaction [with Democrats]
and a lot of buyer’s remorse on Wall Street.”
Rep. Eric Cantor (R-VA),
incoming House Majority Leader
Estimated $125 million to GOP from Wall Street +
millions poured into front groups =
Republicans stay bought?
Apologizing for the “shakedown”
that was happening in Washington.
"I apologize. I do not want to
live in a country where any
time a citizen or a corporation
does something that is
legitimately wrong, is subject
to some sort of political
pressure that is, again, in my
words — amounts to a
shakedown, so I apologize."
Campaign spending continues to climb
2010: $4 billion
2006: $2.85 billion
Money come from narrow slice of America.
Balance between corporate money and labor?
Outside spending rising.
Outside Spending, Midterms
Set the national narrative Dems were in trouble
Jawboned the election
Tapped incredibly motivated donors
Widened the plying field beyond all expectations
Bought early and in deeply coordinated
“Dry-run” for 2012
Rove’s Crossroads and the Chamber
are already on the air again.
Major industries provide a
huge amount of money.
where the money is.”
Interested money flows to power.
Lobbying spending continues
to climb despite economy.
Climbed every year in past decade.
Despite recession, lobbying spending rose by nearly
25% from 2007 to 2009.
A recession proof industry.
What to do?
“There are two things that are important in
politics. The first is money, and I can’t
remember what the second one is.”
“the high ground”
Now: Fight back.
Longer term: Change the rules.
If they other side floods politics with money,
we need to change the rules in ways
that help flood politics with people.