This New York Times story depresses the shit out of me:
President Obama and Mitt Romney are both on pace to raise more than $1 billion with their parties by Election Day, according to financial disclosures filed by the campaigns on Thursday.
From the beginning of 2011 through Oct. 17, Mr. Obama and the Democrats raised about $1.06 billion, and Mr. Romney and the Republicans collected $954 million, including some money for the party’s Congressional efforts, setting up 2012 to be the most expensive presidential campaign in history.
I know that when you're talking about the federal budget, a billion dollars is kind of insignificant. But still: It's impossible not to look at that figure of all the money that's been thrown around—two billion dollars!—and not think about all the amazing things that could have been done with it. These two men spent two billion dollars to fly all over the country and talk about the people who don't have jobs, the kids who don't have a quality education, the people who need food and shelter. You know what would have helped those people? Two billion fucking dollars.
UPDATE: Beloved Slog tipper Rob sent along this truly depressing factoid from NPR, too:
Goldstein figures that there are about 800,000 truly undecided voters in the battleground states; factor in a total of $1 billion in ads — and that means campaigns are spending about $1,000 per persuadable voter.
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No serious proposal to take the money out of politics, or even reduce its tightening grip on the body politic, will emerge from Tampa or Charlotte, so the sounds of celebration and merriment are merely prelude to a funeral cortege for America as a shared experience. A radical minority of the superrich has gained ascendency over politics, buying the policies, laws, tax breaks, subsidies, and rules that consolidate a permanent state of vast inequality by which they can further help themselves to America's wealth and resources.
For the ultimate absurdity of money's role, we must look to another group of happy billionaires, the corporate owners of the television stations which reap handsome profits for selling the public's airwaves to undisclosed buyers (also known as campaign contributors) who pollute the political atmosphere with millions of dollars spent on toxic ads designed to keep voters angry, dumb, or both. Every proposal is shot down or undermined that would make it a duty for those stations to devote free air time for public purposes in order to earn the licenses that they treat as permits to get rich. In one of the great perversions of the Constitution foisted on its subjects by their overlords, the public airwaves where free speech should reign have become private enclosures to which access must be bought. Free? It's about as free as Tiffany pearls.
Money rules. And in the foul air democracy chokes and gasps, the middle class falls behind, and the poor sink from sight as political donations determine the course and speech of policies that could make the difference in the lives of ordinary people struggling in a dog-eat-dog world.
The Devil must grin at such a sorry state of affairs and at the wicked Catch-22 at its core. To fight the power of private money, it is first necessary to get elected. To get elected it is necessary to raise astronomical amounts of private money from people who expect obedience in return. "That's some catch," says Yossarian to Doc Daneeka, and Doc agrees: "It's the best there is."
Where is the outrage at this corruption? Partly smoothed away with the violence, banality, and tawdry fare served up by a corporate media with every regard for the public's thirst for distractions and none for its need to know. Sacrificed to the ethos of entertainment, political news -- instead of getting us as close as possible to the verifiable truth -- has been reduced to a pablum of so-called objective analysis which gives equal time to polemicists spouting their party's talking points.
Does this money really matter? Do owls and bats fly by night? Needed reforms are dead on arrival on the floor of Senate and House. Banking regulations with teeth? Mortgage relief? Non-starters when the banks' lobbyists virtually own Washington and the President of the United States tells Wall Street financiers he is all that stands between them and the pitchforks of an angry mob. Action on global warming? Not while the fossil fuel industries and corporate-back climate deniers have their powerful say in the matter. Cutting bloated military expenditures? Uh-uh, when it means facing a barrage of scare stories about weakening our defenses against terrorism. Spend money on modernizing our rail system or creating more public transportation in our auto-choked city streets? What heavy artillery the auto, gasoline and highway construction lobbies would rain down on any such proposal.
All of which would make a Progressive Rip Van Winkle shake his head in disbelief and grind his teeth in fury. "Where is the passion we shared for driving money from politics?" he would ask.
Where indeed? Not on the floor of either of these conventions. You are unlikely to hear the name of Theodore Roosevelt praised by Republicans or of Franklin Delano Roosevelt by the Democrats, except in perfunctory terms (It was FDR, after all, who said he feared government by money as much as government by the mob.)
Each party will sing the obligatory hosannas to the middle class, give the silent treatment to the working poor, and bellow forth the platitudes of America's "spirit of enterprise and innovation" that will restore our robust economy and world leadership. If the stagnant recovery and sufferings of the unemployed and underemployed get any mention, it will be to blame them on the other party. As for taking on the predatory rich, forget it.
Our advice: Learn something from the emptiness of what you see and hear -- and if it doesn't make you mad as hell and ready to fight back against the Money Power, we are all in real trouble.
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