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Yavin4

(35,445 posts)
Tue Feb 9, 2016, 06:30 PM Feb 2016

Does taking campaign contributions from corporations disqualify any Dem from any office?

The new Bernie standard is that if a candidate takes campaign contributions from corporations, then they cannot be trusted and should not get the support of the people. Is this the new standard?

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Does taking campaign contributions from corporations disqualify any Dem from any office? (Original Post) Yavin4 Feb 2016 OP
Link? beam me up scottie Feb 2016 #1
Bernie is financing his campaign on money from average people not corprorations. RDANGELO Feb 2016 #2
The new Bernie standard is that if you make a claim you have to prove it. Vincardog Feb 2016 #3
I've been wondering how Bernie-come-lately gets to decide ecstatic Feb 2016 #4
The voters will decide... Human101948 Feb 2016 #7
Yes, and I can't wait! nt ecstatic Feb 2016 #9
I guess it must be the new standard. After all, you just said it, and surely you wouldn't lie to us Erich Bloodaxe BSN Feb 2016 #5
Corporations CANNOT donate to candidates PERIOD cosmicone Feb 2016 #6
Oh that settles it...except the research says otherwise... Human101948 Feb 2016 #8
That never happens in reality -- it is a theoretical loophole. n/t cosmicone Feb 2016 #11
Sorry, you are incorrect... Human101948 Feb 2016 #14
So if I own a hot dog stand cosmicone Feb 2016 #15
You are a hot dog vendor and probably not in the league of most corporate executives... Human101948 Feb 2016 #16
I could have a multimillion dollar hot dog stand cosmicone Feb 2016 #18
UNLESS???? retrowire Feb 2016 #20
The point is that you and all your executives and board of directors are giving to a candidate... Human101948 Feb 2016 #23
So what is wrong with that? cosmicone Feb 2016 #24
Contributions to Hillary Clinton that probably had no effect whatsoever on her... Human101948 Feb 2016 #25
Those were from millions of employees of those firms cosmicone Feb 2016 #26
You made that number up out of thin air... Human101948 Feb 2016 #28
More satire, I presume. n/t Jefferson23 Feb 2016 #10
No it is not the standard set by Bernie. It is a standard each voter can make. n/t Jefferson23 Feb 2016 #12
Campaign finance and lobbying reform is not a new issue. OZi Feb 2016 #13
It shouldn't be a feature of his or her resume. lumberjack_jeff Feb 2016 #17
It's not a disqualifier but shows values and judgement NightWatcher Feb 2016 #19
Maybe it should be. retrowire Feb 2016 #21
Message auto-removed Name removed Feb 2016 #22
I think the idea is that Super Pacs and the disasterous Citizens United Nanjeanne Feb 2016 #27

beam me up scottie

(57,349 posts)
1. Link?
Tue Feb 9, 2016, 06:31 PM
Feb 2016
The new Bernie standard is that if a candidate takes campaign contributions from corporations, then they cannot be trusted and should not get the support of the people.


Or is this just another straw man?

RDANGELO

(3,434 posts)
2. Bernie is financing his campaign on money from average people not corprorations.
Tue Feb 9, 2016, 06:37 PM
Feb 2016

That is why I am supporting Bernie.

ecstatic

(32,729 posts)
4. I've been wondering how Bernie-come-lately gets to decide
Tue Feb 9, 2016, 06:41 PM
Feb 2016

who is progressive, which policy positions are appropriate, which contributions are appropriate, which pay rate for a speech is appropriate, which deodorant is appropriate, which super pac is appropriate, etc.

I guess we have to wait and find out where the almighty Bernie, progressive gatekeeper, stands on it to know if it's OK or not.

 

Human101948

(3,457 posts)
7. The voters will decide...
Tue Feb 9, 2016, 06:46 PM
Feb 2016

whether it will be the status quo or something different. Bernie will not decide it.

Erich Bloodaxe BSN

(14,733 posts)
5. I guess it must be the new standard. After all, you just said it, and surely you wouldn't lie to us
Tue Feb 9, 2016, 06:41 PM
Feb 2016

now would you?

 

cosmicone

(11,014 posts)
6. Corporations CANNOT donate to candidates PERIOD
Tue Feb 9, 2016, 06:43 PM
Feb 2016

THAT IS THE LAW.

All this talk about Hillary getting money from Banks is actually the rank and file employees of the banks giving money to her campaign.

However, in an "artful smear" maneuver, it is portrayed as though the banks wrote a large check to Hillary's campaign, which of course, never happened.

 

Human101948

(3,457 posts)
8. Oh that settles it...except the research says otherwise...
Tue Feb 9, 2016, 06:50 PM
Feb 2016

We find evidence in favor of a crossactor
substitution effect in which corporate executives make contributions in lieu of corporatelinked
PACs when the PACs face restrictions on contributing to specific candidates. http://www.utexas.edu/cola/_files/ms37643/Richter_Werner_2013_07_13_Contribs_from_Execs_in_lieu_of_PACs.pdf

 

Human101948

(3,457 posts)
14. Sorry, you are incorrect...
Tue Feb 9, 2016, 07:56 PM
Feb 2016

In a newly constructed dataset, with 6,803,661
observations, that includes all CEO-firm-candidate contribution pairs for active
S&P500 firms over an 18-year period, we find that corporate executives increase
personal giving to specific candidates in lieu of their corporate-linked PACs in a
form of cross-actor substitution among corporate-linked sources of campaign
contributions. http://www.utexas.edu/cola/_files/ms37643/Richter_Werner_2013_07_13_Contribs_from_Execs_in_lieu_of_PACs.pdf

Actual contributions, actual data

 

cosmicone

(11,014 posts)
15. So if I own a hot dog stand
Tue Feb 9, 2016, 07:58 PM
Feb 2016

and want to donate to Bernie, if I gave him individually while my stand gave to the Nurse's PAC and I adjusted the payments based upon what I can afford, how is that a problem?

 

Human101948

(3,457 posts)
16. You are a hot dog vendor and probably not in the league of most corporate executives...
Tue Feb 9, 2016, 08:01 PM
Feb 2016

so your contribution will carry no weight whoever you give it to.

 

cosmicone

(11,014 posts)
18. I could have a multimillion dollar hot dog stand
Tue Feb 9, 2016, 08:03 PM
Feb 2016

I still can only give $2700 to a candidate. PERIOD

Your argument fails miserably. Good luck on your next post.

 

Human101948

(3,457 posts)
23. The point is that you and all your executives and board of directors are giving to a candidate...
Tue Feb 9, 2016, 08:53 PM
Feb 2016

wink, wink, independently. Nnow we are suddenly talking about influential sums.

I don't think you are are as obtuse as you pretend to be.

 

Human101948

(3,457 posts)
25. Contributions to Hillary Clinton that probably had no effect whatsoever on her...
Tue Feb 9, 2016, 08:59 PM
Feb 2016

COLNTRIBUTOR TOTAL INDIVIDUALS PACS
Citigroup Inc $824,402 $816,402 $8,000
Goldman Sachs $760,740 $750,740 $10,000
DLA Piper $700,530 $673,530 $27,000
JPMorgan Chase & Co $696,456 $693,456 $3,000
Morgan Stanley $636,564 $631,564 $5,000
EMILY's List $609,684 $605,764 $3,920
Time Warner $501,831 $476,831 $25,000
Skadden, Arps et al $469,290 $464,790 $4,500
University of California $417,327 $417,327 $0
Sullivan & Cromwell $369,150 $369,150 $0
Akin, Gump et al $364,478 $360,978 $3,500
Lehman Brothers $362,853 $359,853 $3,000
21st Century Fox $340,936 $340,936 $0
Cablevision Systems $336,613 $307,225 $29,388
Kirkland & Ellis $329,141 $312,141 $17,000
National Amusements Inc $328,312 $325,312 $3,000
Squire Patton Boggs $328,306 $322,868 $5,438
Greenberg Traurig LLP $327,890 $319,790 $8,100
Corning Inc $322,450 $304,450 $18,000
Credit Suisse Group $318,120 $308,120 $10,000

This table lists the top donors to this candidate in 1999-2016. 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. Organization totals include subsidiaries and affiliates.

https://www.opensecrets.org/politicians/contrib.php?cid=N00000019&cycle=Career

OZi

(155 posts)
13. Campaign finance and lobbying reform is not a new issue.
Tue Feb 9, 2016, 07:34 PM
Feb 2016

Is there NOT a reason why we should be "publicly shaming" lobbyists like Hillary says we should do?

 

lumberjack_jeff

(33,224 posts)
17. It shouldn't be a feature of his or her resume.
Tue Feb 9, 2016, 08:03 PM
Feb 2016

In other words, it should if there's a better alternative who did not.

NightWatcher

(39,343 posts)
19. It's not a disqualifier but shows values and judgement
Tue Feb 9, 2016, 08:03 PM
Feb 2016

He disagrees with both of those values and that judgment call.

Response to Yavin4 (Original post)

Nanjeanne

(4,975 posts)
27. I think the idea is that Super Pacs and the disasterous Citizens United
Tue Feb 9, 2016, 09:03 PM
Feb 2016

have screwed up our democracy.

Bernie is setting a new standard and if he can show he can raise money this way - wouldn't it be great if he opened the way for other politicians to follow. That would be something I would think Democrats would be cheering.

Wanting money out of politics and forging the way isn't something to be derided IMHO.

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