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Right-Wing Billionaires Behind Mitt Romney | Politics News | Rolling Stone
They're trying to buy a presidency - and they expect a big payoff on their investment
The undisputed master of Super PAC money is Mitt Romney. In the primary season alone, Romney's rich friends invested $52 million in his Super PAC, Restore Our Future – a number that's expected to more than double in the coming months. This unprecedented infusion of money from America's monied elites underscores the radical transformation of the Republican Party, which has made defending the interests of 0.0001 percent the basis of its entire platform. "Money buys power," the Nobel Prize-winning economist Paul Krugman observed recently, "and the increasing wealth of a tiny minority has effectively bought the allegiance of one of our two major political parties." In short, the political polarization and gridlock in Washington are a direct result of the GOP's capitulation to Big Money.
That capitulation is evident in Romney's campaign. Most of the megadonors backing his candidacy are elderly billionaires: Their median age is 66, and their median wealth is $1 billion. Each is looking for a payoff that will benefit his business interests, and they will all profit from Romney's pledge to eliminate inheritance taxes, extend the Bush tax cuts for the superwealthy – and then slash the top tax rate by another 20 percent. Romney has firmly joined the ranks of the economic nutcases who spout the lie of trickle-down economics. "Support from billionaires has always been the main thing keeping those charlatans and cranks in business," Krugman noted. "And now the same people effectively own a whole political party."
Go for it. I have an umbrella, a tarp, and I'm wearing teflon undies.
all these folks are trying to buy a presidency - and they expected a big payoff on their investment
University of California $1,648,685
Goldman Sachs $1,013,091
Harvard University $878,164
Microsoft Corp $852,167
Google Inc $814,540
JPMorgan Chase & Co $808,799
Citigroup Inc $736,771
Time Warner $624,618
Sidley Austin LLP $600,298
Stanford University $595,716
National Amusements Inc $563,798
WilmerHale LLP $550,668
Columbia University $547,852
Skadden, Arps et al $543,539
UBS AG $532,674
IBM Corp $532,372
General Electric $529,855
US Government $513,308
Morgan Stanley $512,232
Latham & Watkins $503,295
Top Contributors to Barack Obama | OpenSecrets
The organizations themselves did not donate , rather the money came from the organizations' PACs, their individual members or employees or owners, and those individuals' immediate families.
What the fuck is wrong with you right wingers? Do you think that we won't read your links because you won't read "anything"? Seriously, dude. You went to all that effort to put together that post and then you look ridiculous - or worse.
I know right wingers don't take responsibility for anything they do. But you really should read your link first. And if you don't know what it means, don't link to it. Even if it has a pretty title. Right wingers leave me flabbergasted. Think this guy even knows what I'm talking about?
And look. Some other idiot named "The T" even thanked him. Damn.
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