Tuesday, August 02, 2016

Too much money in politics

Robert Reich
7,28,2016

As the New Republic’s David Dayen reports below, political conventions have always been collection points for big money. But many major corporations sat out last week’s Republican gathering for fear of Trump contamination. There’s no such reticence in Philadelphia. In fact, it feels like they’re making up in Philadelphia for what they neglected in Cleveland.

When they're not wining and dining delegates, corporations are putting on “policy discussions” featuring luminaries like Obama campaign guru David Plouffe (now with Uber) and Gore consultant Chris Lehane (now with Airbnb). JPMorgan Chase is touting its summer youth employment program, and Johnson & Johnson its Save the Children Action Network.

Corporations and giant banks can do what they want, but the DNC doesn’t have to be so welcoming to them. The DNC’s host committee even refuses to disclose the names of the convention's corporate sponsors despite a court order.

At this rate, Trump’s Republican Party is going to be seen as the anti-establishment (which it really isn’t – think of the giant tax cuts Trump is proposing for the rich), and Hillary Clinton’s Democratic Party is going to be viewed as the establishment.

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