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video

Video: More Competitive Political Races?

Campaign finance regulation is in the news. Today’s video of former FEC Commissioner Brad Smith speaking to a Cato Institute audience about the impact of the Citizens United and Speech Now decisions is not news (a year old), but it is an important message, too seldom heard.

Smith argues that these court decisions have “made races more fluid” because “it is possible to get money into a political race much more quickly than used to be the case.” He recognizes that “most incumbent politicians tend to view that as bad.”

He points out that since the FEC (Federal Election Commission) was created in 1974, the incumbent spending advantage over challengers has grown from 1.5 to 1 to a whopping 4 to 1.

Smith also urges ending restrictions on contributing to political parties, which happened last week with the Supreme Court decision in McCutcheon v. FEC.

Next, let’s end the limits on what an individual can contribute to an individual candidate.

We’ll be talking more about that — right here at Common Sense.

Categories
insider corruption national politics & policies

Professor of Dumbocracy

“It’s not enough for governments to simply be democratic,” Oxford professor Stein Ringen recently wrote in the Washington Post, “they must deliver or decay.”

Deliver what, you ask?

Ringen isn’t clear — surprise, surprise — but attacks “Thatcherite inequality” — though, he admits it’s worse today in Great Britain than when Margaret Thatcher was prime minister (1979-1990). Why no progress to his apparent ideal of economic equality? According to Ringen, “concentrations of economic power . . . have become unmanageable.”

He advances the same analysis of U.S. “democracy,” claiming that power has been “usurped by actors such as PACs, think tanks, media and lobbying organizations.”

Think tanks are a problem?

Ringen doesn’t explain how these additional voices serve to undercut “democracy.” Instead, he simply hurls broadsides against our “mega-expensive politics,” warning that, “When money is allowed to transgress from markets, where it belongs, to politics, where it has no business, those who control it gain power to decide who the successful candidates will be — those they wish to fund — and what they can decide once they are in office.”

There is generally money on both or numerous sides of any given policy question. There is certainly no monolithic “they” constituting “the rich” who decide our public policy over tea at the club. Pretending there is won’t help democracy.

“It is a misunderstanding to think that candidates chase money,” writes the professor from his ivory tower. “It is money that chases candidates.”

Really? Ringen can easily test his hypothesis: run for office and wait for all that money to chase him down.

This is Common Sense. I’m Paul Jacob.

Categories
free trade & free markets insider corruption too much government

Maxine’s Ex-Im Brokerage

“In Maxine Waters’ economy,” wrote Timothy Carney yesterday, “big business rows the boat while government steers.”

The Democratic Congresswoman, known for championing the poor and the less well-off, just loves throwing money around.

Including to the rich.

Carney shows that, for all her anti-big biz talk, she’s playing into the hands of big business.

On Tuesday, Waters held a rally in support of the Export-Import Bank. Among the welfare queens on stage with her was a lobbyist for Boeing.

And not without reason. “More than 80 percent of Ex-Im’s subsidy dollars support big businesses,” Carney explains. “Ex-Im’s biggest subsidy product is long-term loan guarantees, and last year two-thirds of those . . . supported Boeing exports.”

Senator Mike Lee has come out swinging against Ex-Im, taking what he sees as the “moral high ground against political corruption.”

Maxine Waters objects to such upstart Republican interference in what she insists is a “legitimate” function of government. So used to robbing some to lavish on others, she apparently thinks this racket defines the government’s purview.

And Waters enthusiastically serves as a broker in the ongoing exploitation of consumers for the benefit of a few (insider-blessed) businesses.

In the marketplace, businesses get rich serving customers. When seeking taxpayer handouts, on the other hand, they get rich serving politicians.

Maybe that’s why  freedom troubles politician Waters.

This is Common Sense. I’m Paul Jacob.

 

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Thought

Frédéric Bastiat

To control his appetites, to govern his passions, to sacrifice the present to the future, to submit to privations for the sake of greater but more distant advantages — such are the conditions essential to the formation of capital; and capital … is itself the essential condition of all labor that is in any degree complicated or prolonged.

Categories
First Amendment rights ideological culture

Firefox Fired

Brendan Eich resigned last week as CEO of Mozilla under pressure from gay rights activists upset because six years ago Eich had given a thousand bucks to California’s anti-gay marriage initiative, Prop 8.

On Fox News’s Special Report, George Will dubbed the story “redundant evidence that progressives are for diversity in everything but thought,” as well as an alarming illustration of the intolerance of “sore winners.”

Whatever one thinks of the campaign to drive out Eich (and a number of prominent gay leaders have spoken out against it), those demanding Eich’s ouster were within their legal rights. Still, such a political attack wouldn’t be possible without government assistance in denying donor anonymity. That’s the major lesson Mr. Will drew from the fracas: anonymous contributions are vital:

The people advocating full disclosure of campaign contributions say, “we just want voters to be able to make an informed choice.” That’s not what they’re doing at all. They really want to enable themselves to mount punitive campaigns, to deter people, and to chill political speech.

What’s wrong with today’s vendetta politics (what Pat Buchanan calls “The New Blacklist”) is not that boycotts are immoral, but that, when made personal and coupled with ideological conflict, they lead to never-ending feuds.

Anonymous speech and press and donations remain key to a peaceful society.

Advocates of mandatory campaign finance disclosure should be asked, “do you also, then, oppose the secret ballot?”

The privacy of the voting booth was also instituted to insulate people from the worst aspects of partisan discord . . . and commerce from the legacy of the Hatfields and McCoys.

This is Common Sense. I’m Paul Jacob.

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Thought

Henry David Thoreau

Be not simply good, be good for something.

Categories
free trade & free markets

Marketcare versus Obamacare

Hurray! Waiting for hours! Problems! Snags!

As a sign-up deadline approached, Obamacare administrators heralded the long lines people endured to apply for a permitted insurance policy. The lines supposedly proved Obamacare’s invulnerable popularity.

Had officials not been told about the new penalties for taxpayers who lack insurance? That millions have lost policies thanks to Obamacare and see no alternative but to wait in Obamacare lines? That sometimes people procrastinate . . . especially about doing things they dislike?

Do the persons foisting Obamacare on us not see, at least, that it reduces the alternatives of persons who don’t want it?

There’s a better way, and the evidence is not only historical.

Despite the accelerating decline of medical freedom, private initiatives that sweep aside bureaucratic status quos are still possible. One example is what Carmine Gallo calls “The Hospital Steve Jobs Would Have Built.” This is the Walnut Hill Medical Center’s reimagining of “health care and the patient experience.”

The vision for the Dallas center was inspired by Gallo’s book on how Apple builds customer loyalty — despite lacking power to financially penalize non-buyers of Apple products. Everything from what kind of person Walnut Hill hires and how new hires are trained to floor plans and decor is designed to make patients feel the opposite of being stuck in a veterans hospital or in an Obamacare waiting list.

What achievements and alternatives in medical care will we never see because of the choices and resources being destroyed by Obamacare?

This is Common Sense. I’m Paul Jacob.

Categories
Thought

Henry David Thoreau

There are a thousand hacking at the branches of evil to one who is striking at the root.

Categories
First Amendment rights judiciary national politics & policies

Limiting the Little Guy

Last week’s U.S. Supreme Court decision in McCutcheon v. Federal Election Commission correctly struck down limits on the total amount of money a person can contribute to all federal candidates and to political parties and PACs in a two-year election cycle.

After all, what part of “Congress shall make no law” provides the specific authority for Congress to limit what a person may give to a political party?  Or the number of candidates one may support?

But in his dissent, Justice Stephen Breyer argued that, “Where enough money calls the tune, the general public will not be heard.”

“No matter what five Supreme Court justices say,” announced Public Citizen, “the First Amendment was never intended to provide a giant megaphone for the wealthiest to use to shout down the rest of us.”

I want the public to be heard, not shouted down.

Which is why it is not Breyer, but Justice Clarence Thomas who is right: this ruling didn’t go far enough. While justly removing the limits on the aggregate amount a wealthy person can contribute, the Court upheld the limit of $2,600 on what you or I can give to a single candidate.

The super-wealthy can spend millions in an independent expenditure for their preferred candidate. Fine. It’s their money. Yet, a person of more modest means doesn’t have the dough to launch an effective independent effort.

Instead, if you felt strongly enough, you could dip into savings or work a second job to afford to give, say, $3,000 or $4,000. Except that our campaign finance laws prevent it. This is the limit that affects the most people. Non-rich people.

Stop limiting the little guy.

This is Common Sense. I’m Paul Jacob.

Categories
Thought

H. L. Mencken

Truth would quickly cease to be stranger than fiction, once we got as used to it.