Is big money behind Washington’s political spectrum? The most powerful business and corporation provide big money for congressional members for contributions to all of their campaign committees, leadership through lobbying that backed the agendas of their top patrons. Most generous backers represented corporations and trade associations with business interests. The links between money and votes is endless.
The top career big money contributors of political and legislative future needs and wants like AT&T, BellSouth, Cingular, and SBC contributed tens of millions in campaign cash. These two-party investment paid dividends over the years and backs congressional legislation on key telecommunications issues preventing regulation when those issues arise.
The financial services industry bankroll both party’s greased palms like JPMorgan Chase’s, Bank of America, Well Fargo and American Bankers Association prefer key financial decision like the Emergency Economic Stabilization Act of 2008, the notorious government bailout of the financial sector commonly referred to as “Too Big To Fail.”
Washington’s top money donors lobby business executives, well known elected officials and members of Congress for the leader’s action to gain access and influence on special interest issues. The donor contributions give to politicians that agree with their issues and keeps their needs open for future use.
Politics is done by smart corporate interests. Place your political bets by contributing to both political parties and all candidates that serve political interest. Contributions occur at both state and local levels because the donations don’t have to be as large to create influence and a great deal of business.
Congressional members and elected officials attract more scrutiny from the national level. Seldom are donations turned down. Money may be turned down by either on principle or because the opponent is backed by interests opposing the potential contributor.
The goal of corporate interests is to get the government business they want and to hold competitors at bay. Contributing to both sides helps meet these goals. It also makes the contributing corporation appear “non-partisan” to both politicians and voters.
Is it against the law for Congressional candidates to receive contributions for corporations? No, not according to US district judge ruled in 2010 that corporations can have the same rights as individuals to donate to campaigns.
The judge has ruled that a century old campaign-finance law banning corporations from making contributions to Congressional candidates is unconstitutional. Corporations and big business can bankroll their favorite candidates.
The district judge ruling describe from the Supreme Court’s landmark decision in 2010 in the Citizens United case. The justices ruled the government may not ban political spending by corporations. If corporations and people have rights to free speech they also have rights to contribute to candidates.
If “corporations and human beings are entitled to equal political speech rights” corporations must also be able to contribute to any of its candidates. Did I miss something here? Could this be the end of campaign contribution limits?
The opinion expressed in this commentary
Article are solely those of Michael Coker