Common Sense with Paul Jacob

Obscene Amounts

George Clooney, Campaign finance, money, big money, election, Hillary Clinton

Actor George Clooney, star of the current Coen brothers picture, Hail Caesar!, is a major fundraiser for Hillary Clinton. When asked on NBC’s Meet the Press if the $353,000 per couple dinner he organized last Friday constituted an “obscene amount of money,” he answered, simply, “yes.”

Clooney went on to explain, “It’s ridiculous that we should have this amount of money in politics.”

He’s an advocate for campaign finance reform. He is, specifically, “against” Citizens United, though he doesn’t know that it isn’t a law but a Supreme Court case that overturned previously passed legislation that regulated what people and corporations could do to support or oppose (or mention) candidates in elections. The government, authorized by the campaign finance legislation, had suppressed a movie.

Interestingly, that movie was a polemical documentary against . . . Hillary Clinton.

Campaign finance regulation has been shown to help incumbents. Not unexpectedly, since the regulations are written by sitting legislators against their competitors.

But “getting money out of politics” would advantage other groups, too. For example, one consequence of limiting political donations would be to nudge challengers to (a) be rich and mostly self-funding (like Trump is said to be), and (b) be more demagogic, leveraging the “free” publicity from major media.

More demagogues aren’t needed.

But then, the whole issue is demagogic, appealing to the knee-jerk reaction of everyday people who are, indeed, often nonplused by how others spend their money.

As for Clooney, he’d like not to have to spend money for his candidate.

We’d all like the important things in life to just happen. But it turns out we have to work for what we want.

This is Common Sense. I’m Paul Jacob.

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Tags campaign finance reform, campaign finance regulation, George Clooney, Hillary Clinton

Thought

Bradley A. Smith

The next time you download a book on Kindle, buy a Michael Moore screed at Barnes & Noble, or order up a political movie from video on demand, remember that it is the Supreme Court’s decision in Citizens United that guarantees you the right to do so.

Bradley A. Smith, “Newsflash: First Amendment Upheld,” Wall Street Journal.

Today

New Amsterdam

Orthodox Jews burn hametz in preparation for Passover

On April 20, 1657, freedom of religion was granted to the Jews of New Amsterdam (which was later renamed New York City).

Accountability general freedom government transparency moral hazard national politics & policies political challengers responsibility

Big-Dollar Impact

campaign finance reform, contributions, Hillary Clinton, Bernie Sanders, corruption

Last Saturday, The Washington Post’s top-of-the-front-page headline blared, “50 donors with outside impact.”

If that doesn’t curdle your blood, readers were further warned of a new “Gilded Age.” Yes, in concentrated fundraising the Post heard “echoes of the end of the 19th century, when wealthy interests spent millions to help put former Ohio governor William McKinley in the White House.”

McKinley. The horror. The echoes.

Hopefully, self-immolations can be kept to a bare minimum as Americans discover the report’s main (only) thrust: 41 percent of $607 million contributed to 2,300 super PACs this election cycle has come from just 50 donors . . . at least, if you also aggregate gifts from the relatives of these 50 folks and their business interests as well.

Isn’t that terrifying? Destructive of democracy? Are our elections simply being bought by the billionaires?

No. No. And no.

Any common sense analysis of this year’s presidential contests, both Republican and Democrat, must acknowledge that big money did not trump. Pun intended. Sen. Bernie Sanders is now outraising Hillary Clinton with millions of small donations — not “millionaires and billionaires.” Jeb Bush’s massive financial warchest made no discernible difference. Even the Post concedes “the mixed impact that big-money groups have had on the presidential contest so far.”

Mixed? Name a single state where “big spending” determined the outcome.

Ideas matter. And securing the resources to advance and advertise ideas obviously matters, too. Same goes for candidates — and their ideas.

More money, more campaign spending, means more ideas and candidacies can reach the political marketplace. That’s where voters, not big donors, do the deciding.

This is Common Sense. I’m Paul Jacob.

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Tags 2016 Presidential race, campaign finance reform, democracy, Presidential campaign 2016, SuperPACs

Today

The Revolution Begins

On April 19, 1775, the American Revolution began when the “shot heard around the world” was fired between the 700 British troops on a mission to capture Patriot leaders Sam Adams and John Hancock and to seize a Patriot arsenal and the 77 armed minutemen under Captain John Parker waiting for them on the Lexington town green. The Battle of Lexington ended with eight Americans killed and ten wounded, along with one wounded British soldier.

In Concord, a couple of hours later, British troops were encircled by hundreds of armed Patriots. The British commander ordered his men to return to Boston without directly engaging the Americans, but on the 16-mile journey they were constantly attacked by Patriot marksmen firing at them Indian-style from behind trees, rocks, and stone walls. By the time the British reached the safety of Boston, nearly 300 soldiers had been killed, wounded, or were missing in action. The Patriots suffered fewer than 100 casualties. (See Liberty’s Kids for a video on these events, or the video featured on this page.)

On April 19, 1782, John Adams secured the Dutch Republic’s recognition of the United States as an independent government.

Thought

Thomas Jefferson

He who receives an idea from me, receives instruction himself without lessening mine; as he who lights his taper at mine, receives light without darkening me.

Thomas Jefferson, Letter to Isaac McPherson (1813).

Accountability folly government transparency ideological culture moral hazard national politics & policies

Money Means Nothing to Her

Post author By CS Admin
Post date April 18, 2016
2 Comments on Money Means Nothing to Her

Hillary Clinton, Bernie Sanders, campaign finance reform, big money, illustration, angel, Saint Hillary

Campaign finance reform is surely dead . . . if Hillary Clinton is elected president.

Which would be good.

Not Clinton being elected, mind you. What would be good is the death of so-called campaign finance reform — the kind supported by Democrats, including Sen. Bernie Sanders and Hillary Clinton. They insist on a constitutional amendment to partially repeal the First Amendment’s freedom of speech protection and give Congress awesome new powers to regulate their own and their opponents’ campaigns.

But wait — if Mrs. Clinton supports campaign finance reform, why would her election kill this seriously bad proposal?

Well, Hillary Clinton made it abundantly clear at last week’s Democratic presidential debate, as I explained this weekend at Townhall: large campaign contributions do not influence her in any way. Even a fat $15 million from Wall Street interests to her super PAC — or $225,000 a pop speeches paid by Goldman Sachs and their ilk — registers no corrupting effect whatsoever.

And those millions deposited in Clinton Foundation accounts from foreign governments?

They couldn’t possibly sway the steady former Secretary of State. Not even the smallest smidgen.

Just like there has never been corruption at the IRS.

Don’t believe Hillary? Then trust President Obama, who also gobbled up major Wall Street funding when he ran in 2008 and 2012. But again, according to her, “President Obama was not at all influenced when he made the decision to pass and sign Dodd-Frank, the toughest regulations on Wall Street in many a year.”

Not. At. All.

So the solution to government corruption is simply to elect trustworthy, incorruptible candidates . . . like Hillary Clinton.

Well, call her half right.

This is Common Sense. I’m Paul Jacob.

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Tags 2016 Presidential race, Bernie Sanders, campaign finance reform, Hillary Clinton, Presidential campaign 2016

Today

Tax Day

On April 18, 1689, Bostonians rebelled against the government of Sir Edmund Andros.

On this day in April, in 2007, the Supreme Court of the United States, split 5-4, upheld the Partial-Birth Abortion Ban Act.

April 18 marks the 1772 birthday of David Ricardo, English political economist and one of the most influential thinkers in economic theory. An advocate for free trade and the abolition of slavery, Ricardo’s most famous work is his Principles of Political Economy and Taxation (1817).

Common Sense takes the occasion of the word “taxation” to mention that today is Tax Day for most of the nation, except for taxpayers in Maine and Massachusetts who have a still extra day to file (but who nevertheless are required to file quarterly payments on April 18). It was postponed three days from April 15, as was explained on Friday in these pages.

Thought

H. L. Mencken

The intelligent man, when he pays taxes, certainly does not believe that he is making a prudent and productive investment of his money; on the contrary, he feels that he is being mulcted in an excessive amount for services that, in the main, are useless to him, and that, in substantial part, are downright inimical to him.

H. L. Mencken, in A Mencken Chrestomathy (1949).

links

Townhall: Hillary’s Defense — Obama Did It

Post author By Redactor
Post date April 17, 2016
No Comments on Townhall: Hillary’s Defense — Obama Did It

The presidential race gets more and more interesting on the Democratic side, as the nation’s most famously corrupt insider beats off the mostly savvy charges of a demagogic socialist. Click on over to Townhall.com for this weekend’s Common Sense update. Then come back here for more reading: