Monday, October 22, 2012

Presidential sponsors: Candidates should wear patches showing who owns them

In the world of presidential campaigns, the public's vote may count towards who is elected, but your money doesn't decide what the winning candidate will support.  In the world of high end financial elections, the amount of money spent by corporate lobbyists for a particular candidate not only dwarfs what individual citizens donate, but inevitably dictate what the winning candidate will side with regarding legislation during their term in office.



The last time we checked on the (funding) status of America's real presidential race - the one where America's uber-wealthy try to outspend each other in hopes of purchasing the best president money can buy - the totals were substantially lower. With November 6 rapidly approaching, however, the scramble to lock in those record political lobbying IRRs is in its final lap. And thanks to the unlimited nature of PAC spending, look for the spending to really go into overdrive in the next 2 weeks as the spending frenzy on the world's greatest tragicomedy hits previously unseen heights. - Zerohedge

See entire list of major donors to both candidates and parties here.

So if you ever wonder why every Treasury Secretary, every Fed Chairman, and every economic advisor to the President is from Goldman Sachs or JP Morgan, now you know because they pay for the right to not just sit at the table of citizen government, but to overthrow the ruler (you) and install the banking technocracy that now pervades the European Union.

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