Greed > Altruism

1 comment June 13th, 2012at 07:03am Posted by Eli

http://www.youtube.com/watch?v=Muz1OcEzJOs

No one could have anticipated…

So why are Democrats losing the money war?

There are several answers. The simplest is supply — there are more rich Republicans than rich Democrats, a lot more.

(…)

“Second, there’s no self-interest here,” argues Begala. “Jeffrey Katzenberg is our largest donor. He gave us $2 million. He’s not going to sell any more tickets to Kung Fu Panda 2 if Obama gets a second term. He’s just doing it because he believes in his country. …

“There’s a return on investment for some of the coal and oil billionaires who want to see the president’s clean energy initiative shut down. But the third thing is the deep ambivalence that I and everybody else on my side of the aisle has about superPACs,” says Begala.

It’s an ambivalence President Obama famously shared. After telling independent groups to stand down in 2008, he welcomed them back this year. But that didn’t convince liberal billionaires such as Peter Lewis. His spokeswoman Jen Frutchy says Lewis would rather fund progressive think tanks and media groups than TV ads.

“On superPACs, he really believes that the idea of spending fortunes to denigrate opponents is deeply offensive,” says Frutchy. “I would say that is just not how he wants to spend his fortune, you know, in some kind of arms race. He does not want to be part of the negativity or any kind of corrupting influence that money can have on the electoral process.”

#2 is the heart of the problem.  Just as facts have a well-known liberal bias, money has a well-known conservative one, and it’s a much more powerful motivating force than facts.  Money is what pulls Republicans towards their traditional core values, and Democrats away from theirs.

In a nutshell: As long as money determines the outcome of our elections, both parties will continue to drift inexorably to the right, and Democrats will continue to be for austerity, endless war and drone strikes, and against unions, taxes, regulations, the public option and the rule of law.

Entry Filed under: Corruption/Cronyism,Democrats,Elections,Politics,Republicans

1 Comment

  • 1. Cujo359  |  June 13th, 2012 at 6:05 pm

    In a nutshell: As long as money determines the outcome of our elections, both parties will continue to drift inexorably to the right,

    I have to disagree, at least to this extent: Take all the money out of politics, but leave the attitudes of modern-day progressives and conservatives as they are, and our politics would still be drifting to the right. Progressives don’t demand what they want, and conservatives do. As long as that’s true, politicians will go with those who are demanding.


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