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Author Topic:   Corporate Personhood
xongsmith
Member
Posts: 2587
From: massachusetts US
Joined: 01-01-2009
Member Rating: 6.4


Message 25 of 93 (638136)
10-20-2011 4:28 AM
Reply to: Message 17 by subbie
10-19-2011 8:50 PM


In fact, a corporation actually has less direct influence with politicians than people do because corporations are forbidden from donating to campaigns or political parties.
Wow, when I read this I nearly fell off the floor. Sorry - although the letter of the law may state this, they circumvent it with PACs and things.
From Top Contributors to Barack Obama, 2008 Cycle | OpenSecrets:
The organizations themselves did not donate , rather the money came from the organization's PAC, its individual members or employees or owners, and those individuals' immediate families. Organization totals include subsidiaries and affiliates.
Because of contribution limits, organizations that bundle together many individual contributions are often among the top donors to presidential candidates. These contributions can come from the organization's members or employees (and their families). The organization may support one candidate, or hedge its bets by supporting multiple candidates
So when I read, hypothetically if you will, that Big Oil threw 8 gazillion dollars at the Republican candidate and 3 gazillion to the Democrat to "hedge their bet", and then see who ever gets elected bend down and kiss Big Oil's ass - this doesn't get translated into kick-backs and warm smarmy rules to allow these Big Oil corporations to continue to buttfuck the USA?
Edited by xongsmith, : escape clause

- xongsmith, 5.7d

This message is a reply to:
 Message 17 by subbie, posted 10-19-2011 8:50 PM subbie has seen this message but not replied

  
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