How corporations have laundered campaign money.

RawStory has a how-to regarding the corporations and how they have managed to fund political ads inspite of the FEC laws. Of course it utilizes Swiss bank accounts and the assholes at the Chamber of Commerce. The new ruling from SCOTUS just makes it that much easier for these greedy carpetbaggers to affect our public elections for their own personal gain. From the RawStory link:

The Supreme Court’s seismic January ruling that corporations are free to spend unlimited amounts of their profits to advertise for or against candidates may have been the latest shakeup of campaign finance – but gaping holes already allow corporations to spend enormous sums without leaving a paper trail, a Raw Story investigation has found.
Campaign finance experts confirmed that though disclosure rules remained intact in the new Supreme Court decision, there are effective methods to circumvent them.
Ciara Torres-Spelliscy, an attorney and campaign finance expert at New York University’s Brennan Center for Justice, said corporations already effectively end-run campaign finance law by shuffling money through trade associations.
“One of their favorites right now is spending through trade associations,” Torres-Spelliscy said.
Trade associations are considered tax-exempt non-profit organizations under US law. While they must report contributions received from other corporations to the Internal Revenue Service, the document itself remains confidential and is not made available to the public.
“Money coming through the trade association doesn’t get disclosed,” Torres-Spelliscy explained. “You can’t tell if it came from particular corporations.”
For example, she said, “The disclaimer form is likely to just say, ‘This is brought to you by the Chamber of Commerce,’ with no extra ability to see behind that.”
The Chamber of Commerce is the world’s largest trade association representing at least 300,000 businesses and organizations.
A fellow non-profit that works on campaign finance, the Center for Political Accountability, calls trade associations “the Swiss bank accounts of American politics.”

God Bless those Fucking Loopholes! But the corporations don’t have to rely loopholes now..oh hell no..SCOTUS made it legal for them to lie and obsfucate against candidates that represent the people instead of the Corporatocracy.

It’s an educational read over at RawStory. Check out the entire piece here.

About Dusty, hells most vocal bitch

I am a..brown Cali bitch that is quite the opinionated,political, pain-in-the-ass, in your face kinda girl that also loves baseball and music to a fault. Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.--Albert Einstein-*

Posted on February 5, 2010, in buying elections, Fair elections, The Chamber of Commerce, The Corporatocracy. Bookmark the permalink. 8 Comments.

  1. So the real question is keeping track of all the money instead of having to have investigative reporters go hunting for it. Let them donate, let them spend and make damn sure the politicians tell us exactly who donated and how much. Trial lawyers donate tons of money…I would love to know exactly to whom (who?) and how much. Fannie and Freddie donated lots of money. Goldman Sachs and BOFA donate money. Unions donate money. Transparency and accountability would be nice. If there are rats, let's flush them out. I try to find out as much of the truth regarding political ads as I can and not just from CNBC or Fox news.

  2. All political ads, at least the negative ones, are funded by these fuckers. I would bet my husbands life on it. 😉

  3. Say it like it is! Separation of Powers; Gov't from the church; business from the Gov't and all that good stuff we used to learn in public elementary school. l still believe in Gov't by, and for the People; not withstanding the pro-Palin Tea Bagers. Hang-in there and fight against America, Inc. :-$

  4. SCOTUS might as well go ahead and stitch on advertising logos for the corporations, a la NASCAR, on their black robes. 



  5. But the corporations don’t have to rely loopholes now..oh hell no..SCOTUS made it legal for them to lie and obsfucate against candidates that represent the people instead of the Corporatocracy.

    In truth the United States of America died the day they gave free reign to corporations.

  6. We need to repeal corporate personhood, ban corporate campaign activities, and get a majority of honest judges on the Supreme Court.

  7. Libhomo, I agree completely, especially the personhood bullshit, because without that protection, campaign-finance problems wouldn't be nearly so intractable.

    They've twisted one of civilization's greatest hits, a nation of laws, into an unrecognizable mish-mash of a corporate-approved, two-tiered justice system. And so far our hoped-for conduit, a Democrat in the WH and a sizable majority in Congress, have left us high and dry. That's not to say that some items, such as the far too small Stimulus Funds haven't done some good, but it sure looks to me like the Obama Administration and the House and Senate leadership made sure that Wall St. and their co-tittie suckers didn't have to suffer very much, even at the risk of alienating liberals/moderates who are paying attention. 

    Do they really think that forcing us to choose between Republican candidates or re-electing their sorry, spineless, corporate bought and paid for asses is the best long-term strategy? Oh, I bet they wish they had something similar to Teabaggers for the left. Man, life would be so great, huh? Blurb out some mealy-mouthed platitudes and jingoistic nonsense, and keep it comin'! Too bad about that whole 'critical thinking' crapola that only makes us question those we voted for rather than just agreeing that their blatant douchebaggery is due to other party. 

    “I'da got away with it too if it hadn't been for those meddling libtards!” “Scoobie-Doobie-Doo!”

  8. Moxy Vote offers a great way for investors to align the proxy votes of stocks they own with professionals like the Center for Political Accountability.  Check out the firm's new video!

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