Joseph Lim Dec 11, 2024
The venality of #American #democracy
"open secret is tt #Democrats hv been highly effective in this #moneyrace, relative to their #GOP opponents. In 2020, for eg, Democrats took in more than twice as much untraceable #darkmoney as #Republicans —one of the illicit channels of #campaignfinance.. In the most expensive #campaign in #political history, Democrats outperformed their opponents on most #spending metrics in 2024, yet still lost the #presidency and the #Senate" 1/3
https://prospect.org/power/2024-12-10-money-game-democrats-campaign-finance/
The Money Game

The Democratic Party had more money than God this election. At what cost?

The American Prospect
Show threadJoseph Lim 
2/3
"$16bil was pumped across #federal #elections this year; the 1st #presidential #campaign after e #CitizensUnited decision, in 2012, saw just $7bil, at the time a record.. More than 1 in 6 $ used by presidential #candidates & associated #PACs this year were contributed by a #billionaire .. Of tt total, just over 70% went to #Republican candidates & right-wing PACs.. #Darkmoney & “gray money,” will make up abt half of the $4.5 billion in outside #spending on all federal elections this year"
Dec 11, 2024 at 1:18amMastodon for Android
Show threadJoseph Lim Dec 11, 2024

3/3
" #Fairshake’s #influence across #elections is unprecedented in #American #politics, according to #campaignfinance analysts. And the #PAC isn’t going anywhere, having banked $78 million for the 2026 #midterms while pledging to continue punishing any candidate who steps out of line. The #crypto industry will almost certainly be #rewarded with #deregulatory #legislation in the next #Congress."

Is there hope for #America ??
#corruption #profiteering #plunder #cronyism