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Archive for November 30th, 2009

Game over? Billionaire elites now blatantly rule American politics

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What drives a man or a woman to spend millions of dollars — even tens of millions — of his or her own money to get a job that would place the words senator, representative, governor, or mayor in front of his or her name? For most of us unwashed heathens, the multiple millions of their own money these financial elites spend on their political campaigns represent seemingly staggering amounts.

But viewed in the rarified context of the very wealthy, the amounts are petty cash.

For example, former eBay chief executive Meg Whitman has put $19 million so far into her campaign for governor of California — but that’s barely 1.5 percent of her $1.3 billion fortune.

Whitman has “publicly floated the notion of a record-shattering $150-million campaign budget” — but even if she financed $100 million of that herself, that still would only be 7.7 percent of her billion-dollar-plus wallet.

She wants to be governor of what used to be one of the 10 largest economies in the world. But she takes a back seat to newly re-elected New York Mayor Michael Bloomberg in spending your own money to be somebody big. No one in American history has spent so much of his own money to win an election.
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Written by Dr. Denny Wilkins

November 30, 2009 at 11:51 am

Posted in Uncategorized