START A PETITION 27,000,000 members: the world's largest community for good
START A PETITION
x
1,283,379 people care about Politics

For the Rich, by the Rich? Why the Second Anniversary of Citizens United Should Be on Your Calendar

For the Rich, by the Rich? Why the Second Anniversary of Citizens United Should Be on Your Calendar

 

Written by Rachel Lewis, Truthout

This December, the public’s approval of Congress hit rock bottom. According to a Gallup poll, only 11 percent of American citizens approve of the job Congress is doing. Last week, The Washington Post reported that while the median net worth of an American family has declined “from $20,600 to $20,500 between 1984 to 2009, according to the Panel Study of Income Dynamics from the University of Michigan,” the net worth of a member of the U.S. House of Representatives has jumped from $280,000 to $725,000 (and that’s excluding home equity).

As Public Citizen’s Craig Holman has been saying for years and recently talked about on Marketplace, it pays to be a member of Congress, literallyThe Washington Post notes that, “Members of Congress have long been wealthier than average Americans, and in recent decades the wealth of the wealthiest Americans has outpaced that of the average.” Take CEO pay in America for example. Everyone knows the gap between executives and the average worker is growing.

And, as our research for a series of financial policy reports documents, Wall Street executives are dead-set on derailing the implementation of the Dodd-Frank Wall Street Reform Act, particularly the section that calls for CEO pay to be listed as a ratio of the average worker’s salary of their company. So what does $15.6 million in federal political contributions and the work of 712 financial industry lobbyists get you? Turns out, not much yet, which is exactly what officials at Goldman Sachs and J.P.Morgan want. More than a year after its passage, the majority of provisions of Dodd-Frank have yet to be implemented.

Regardless of any new regulations coming down the pike, we have a government full of officials who are far removed from the economic realities that their constituents face. Part of the problem is that it doesn’t help that the barriers to entry for political candidates become higher each year. The Post reports: “Since 1976, the average amount spent by winning House candidates quadrupled in inflation-adjusted dollars, to $1.4 million, according to the Federal Election Commission.”

Who better to afford the financial chore running for office has become than people who already have significant amounts of money? It’s a heck of a lot easier to come up with $1.4 million when you have money you can funnel into your own campaign and/or rich friends ready to work with political bundlers.

Lawrence Lessig, a Harvard Law professor recently made the point that given that only .05 percent of the population max out the congressional campaign giving limits, the 99 percent movement really should be the 99.5 percent movement. Additionally, thanks to the infamous Citizens United v. Federal Election Commission (FEC) U.S. Supreme Court decision, corporations have the same First Amendment rights as individual people and spending money is now considered a form of “free speech.” Therefore, corporations (run by those CEOs that don’t want you knowing how much they make relative to their employees) can take your pension funds and divert them into shadowy 501(c)(4)s, which in turn can give undisclosed amounts to Super political action committees (PACs), which then can run all the negative misleading attack ads they want! One need only to look to Iowa to see this in action.

It was already hard enough for the concerns of real people to be heard over the call of cash beforeCitizens United. Now, the barriers to entry into politics for people with good ideas but without deep pockets seem to get higher by the day, and sadly we are just seeing the tip of the iceberg of what is to come in 2012. Elizabeth Warren, who pushed to expose the wrongdoings of Wall Street and should have been head of the new Consumer Financial Protection Bureau, is up against unregulated cash in her campaign for Senate. Longtime U.S. Sen. Ben Nelson, Democrat of Nebraska, just announced he will retire early after facing a barrage of negative campaign ads by the Karl-Rove backed Crossroads GPS and Americans for Prosperity.

Satisfaction with a Congress elected in such a toxic environment that is increasingly disconnected from the economic realities of the people they serve is unlikely to go up until Congress’ deference to the desires of the .05 percent who fund their campaigns goes down. Fortunately, the American people aren’t unaware. Mother Jones reports, “You didn’t have to spend long at the edge of Zuccotti Park before you heard the phrase Citizens United, as folks who’d come to see the camp from New Jersey, Texas, and Montana began to contemplate the connection between their anemic bank accounts and political decisions that line the pockets of those already most advantaged.”

The key now is to not give up but instead step up. Occupiers paved the way, and it is up to us, the rest of the 99.5 percent, to join them so that the courage they showed in the face of pepper spray and freezing rain is amplified even more. Public Citizen is part of the United for the People coalition, consisting of the major good government-focused nonprofits, environmental organizations, labor and civil justice groups. We aim to raise awareness, assist grassroots organizing efforts and facilitate the legislative momentum necessary to pass a constitutional amendment reversing the Citizens Unitedruling and the detrimental effects of unrestrained corporate campaign spending. January 21, the two-year anniversary of the Citizens United ruling, is just weeks away, and we hope that everyone who doesn’t believe that government should be “by the rich, for the rich” but “by the people, for the people” will make plans to come out and demonstrate.

This post was originally published by Truthout.

 

Related Stories:

Montana Supreme Court Rejects Citizens United

Bernie Sanders Files Amendment To Overturn Citizens United

LA City Council Agrees With OWS: Corporations Are Not People

 

Read more: , , ,

Photo from watchingfrogsboil via flickr

have you shared this story yet?

some of the best people we know are doing it

33 comments

+ add your own
9:56AM PST on Jan 16, 2012

Maybe the majority of Americans are starting to realize that our economies problem is in congress led by the tea partiers blocking everything to make the President a one term President. Maybe the tea party will get thrown out on their heads so the congress will start getting us out of bush's recession

4:26PM PST on Jan 11, 2012

James C- "Have you noticed no one in congress is even trying to repeal this most bogus and unconstitutional law. And that's both partys not just the republicans both partys"

No, no one here notices when democrats do wrong... Only when republicans do wrong. It'd be funny, if it weren't such a serious subject at stake (you know, like our future). We have two parties in this country jockying for control. Top demoncrats are every bit as filthy, stinking rich as top republicons & they care just as little about the common man- only themselves. It's the media that's built this rich man vs poor man thing out of the two parties. It's only getting worse & I feel we have little hope. Don't vote democrat. Don't vote republican. Vote for the PERSON! That's tough b/c the liberal-owned media (AND the conservative Fox News) distorts everything they get.

9:15AM PST on Jan 11, 2012

Odd that the supreme court after ALL THESE YEARS decides that corporations are people! I wonder why it is this was decided recently as the 2012 election comes into view! Would it be so the Republicans can gather the cash cows to contribute to their cause or the democratic cause? I don't know, but it is really strange that after so many years, now corporations are people! I guess next, the Republicans will be worshiping corporations and money!

6:18AM PST on Jan 11, 2012

Tell everyone you know and encourage others to do the same. The people can overturn this.

6:55PM PST on Jan 7, 2012

Ditto Lee E. and Brian F.
Unfortunately, the general public has no idea what the Citizens United ruling has done to the American people. It removed the last shred of control that the average person has in determining how our government will be run and how our money will be distributed. As the "occupy" movement says, the problem is not just the fact that money is so unevenly distributed to a few wealthy individuals, it's the fact that our current system allows that money to be used to increase the power and influence of those wealthy individuals.

6:37PM PST on Jan 7, 2012

Have you noticed noone in congress is even trying to repeal this most bogus and unconstitutional law. And thats both partys not just the republicans both partys

8:48PM PST on Jan 6, 2012

You are right lee e. & Brian F.

5:25PM PST on Jan 6, 2012

In my opinion, the republican government is a government of the RICH by the RICH for the RICH. The majority of the congress do not care about the common people.
Now, I have trouble describing about the democrat government.
Again, I have trouble describing about the libertarian government.
Please HELP

3:59PM PST on Jan 6, 2012

Yeah, a lot of us dissaprove of congress b/c they didn't do what they were supposed to do- dismantle obamacareless & reign in ridiculous spending. All they've done is whine about abortion.

Wendy B- you are 100% right. The thing that bothers me about many Care 2 people is that they identify the republicons as the rich ones, as if demoncrats are NOT for the rich. There are just as many rich dems & they break just as many laws. It blows me away. Both sides are complicit & we need to fix that. Soon.

2:40PM PST on Jan 6, 2012

"Anyone ever see that fiction of corporate person-hood spend a night in jail , or lay down it's life in defense of the country?

If indeed a corporation is a "person" , I demand a little habeas corpus (produce the body)...."

add your comment



Disclaimer: The views expressed above are solely those of the author and may not reflect those of
Care2, Inc., its employees or advertisers.

Care2 - Be Extraordinary - Start a Care2 Petition
ads keep care2 free
CONTACT THE EDITORS
ads keep care2 free



Select names from your address book   |   Help
   

We hate spam. We do not sell or share the email addresses you provide.