Iowa: The Meaningless Sideshow Begins
(Rolling Stone) -- by Matt Taibbi --
...The race for the White House is normally an event suffused with drama, sucking eyeballs to the page all over the globe. Just as even the non-British were at least temporarily engaged by last year’s royal wedding, people all over the world are normally fascinated by the presidential race: both dramas arouse the popular imagination as real-life versions of universal children’s fairy tales.
Instead of a tale about which maiden gets to marry the handsome prince, the campaign is an epic story, complete with a gleaming white castle at the end, about the battle to succeed to the king’s throne. Since the presidency is the most powerful office in the world, the tale has appeal for people all over the planet, from jungles to Siberian villages.
It takes an awful lot to rob the presidential race of this elemental appeal. But this year’s race has lost that buzz. In fact, this 2012 race may be the most meaningless national election campaign we’ve ever had. If the presidential race normally captivates the public as a dramatic and angry ideological battle pitting one impassioned half of society against the other, this year’s race feels like something else entirely.
In the wake of the Tea Party, the Occupy movement, and a dozen or more episodes of real rebellion on the streets, in the legislatures of cities and towns, and in state and federal courthouses, this presidential race now feels like a banal bureaucratic sideshow to the real event – the real event being a looming confrontation between huge masses of disaffected citizens on both sides of the aisle, and a corrupt and increasingly ideologically bankrupt political establishment, represented in large part by the two parties dominating this race.
Let’s put it this way. What feels more like a real news story – Newt Gingrich calling Mitt Romney a liar for the ten millionth time, or this sizzling item that just hit the wires by way of the Montana Supreme Court:
HELENA — The Montana Supreme Court restored the state's century-old ban on direct spending by corporations on political candidates or committees in a ruling Friday that interest groups say bucks a high-profile U.S. Supreme Court decision granting political speech rights to corporations…Now that is real politics -- real protest, real change. Exactly the opposite of the limp and sterile charade in Iowa. This caucus, let’s face it, marks the beginning of a long, rigidly-controlled, carefully choreographed process that is really designed to do two things: weed out dangerous minority opinions, and award power to the candidate who least offends the public while he goes about his primary job of energetically representing establishment interests.
A group seeking to undo the Citizens United decision lauded the Montana high court, with its co-founder saying it was a "huge victory for democracy."
"With this ruling, the Montana Supreme Court now sets up the first test case for the U.S. Supreme Court to revisit its Citizens United decision, a decision which poses a direct and serious threat to our democracy," John Bonifaz, of Free Speech For People, said in a statement.
If that sounds like a glib take on a free election system that allows the public to choose whichever candidate it likes best without any censorship or overt state interference, so be it. But the ugly reality, as Dylan Ratigan continually points out, is that the candidate who raises the most money wins an astonishing 94% of the time in America.
That damning statistic just confirms what everyone who spends any time on the campaign trail knows, which is that the presidential race is not at all about ideas, but entirely about raising money.
The auctioned election process is designed to reduce the field to two candidates who will each receive hundreds of millions of dollars apiece from the same pool of donors. Just take a look at the lists of top donors for Obama and McCain from the last election in 2008.
Obama’s top 20 list included:
Goldman Sachs ($1,013,091)
JPMorgan Chase & Co ($808,799)
Citigroup Inc ($736,771)
WilmerHale LLP ($550,668)
Skadden, Arps et al ($543,539)
UBS AG ($532,674), and...
Morgan Stanley ($512,232).
McCain’s list, meanwhile, included (drum roll please):
JPMorgan Chase & Co ($343,505)
Citigroup Inc ($338,202)
Morgan Stanley ($271,902)
Goldman Sachs ($240,295)
UBS AG ($187,493)
Gibson, Dunn & Crutcher ($160,346)
Greenberg Traurig LLP ($147,437), and...
Lehman Brothers ($126,557).
Obama’s list included all the major banks and bailout recipients, plus a smattering of high-dollar defense lawyers from firms like WilmerHale and Skadden Arps who make their money representing those same banks. McCain’s list included exactly the same banks and a similar list of law firms, the minor difference being that it was Gibson Dunn instead of WilmerHale, etc.
The numbers show remarkable consistency, as Chase, Morgan Stanley, and Citigroup all gave roughly twice or just over twice as much to Obama as they did to McCain, almost perfectly matching the overall donations profile for both candidates: overall, Obama raised just over twice as much ($730 million) as McCain did ($333 million).
Those numbers tell us that both parties rely upon the same core of major donors among the top law firms, the Wall Street companies, and business leaders – basically, the 1%. Those one-percenters always give generously to both parties and both presidential candidates, although they sometimes will hedge their bets significantly when they think one side or the other has a lopsided chance at victory. That’s clearly what happened in 2008, when Wall Street correctly called Obama as a 2-1 (or maybe a 7-3) favorite to beat McCain.
The 1% donors are remarkably tolerant. They’ll give to just about anyone who polls well, provided they fall within certain parameters. What they won’t do is give to anyone who is even a remote threat to make significant structural changes, i.e. a Dennis Kucinich, an Elizabeth Warren, or a Ron Paul (hell will freeze over before Wall Street gives heavily to a candidate in favor of abolishing their piggy bank, the Fed). So basically what that means is that voters are free to choose anyone they want, provided it isn’t Dennis Kucinich, or Ron Paul, or some other such unacceptable personage...MORE...LINK
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