Quote:
Originally Posted by GP_Matt
Two issues have come up more than once here that I have a problem with.
The first is the money in politics. I think the last presidential election cost around a billion dollars. That works out to less than a dollar a year per citizen. It doesn't seem like a lot of money to spend to determine the direction of your country. As for the lobbyists and corporate donations, it sure looks like the general public can generate a lot more money through millions of small donations then any corporation could part with. Even looking at a few of the previous elections, I think Obama and Harper both benefited from lower average donations from a larger group of people. I think the problem might not be the money, but rather that only a few are engaged enough to spend it while the others complain. I would wonder how many of the protestors have donated even 5$ a year to a party or political campaign that they believe in.
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Here's the problem that I have, here is a list of Obama's largest contributors
University of California $1,648,685
Goldman Sachs $1,013,091Harvard University $878,164
Microsoft Corp $852,167Google Inc $814,540
JPMorgan Chase & Co $808,799
Citigroup Inc $736,771
Time Warner $624,618Sidley Austin LLP $600,298Stanford University $595,716National Amusements Inc $563,798WilmerHale LLP $550,668Columbia University $547,852
Skadden, Arps et al $543,539
UBS AG $532,674IBM Corp $532,372
General Electric $529,855US Government $513,308
Morgan Stanley $512,232Latham & Watkins $503,295
http://www.opensecrets.org/pres08/co...?cid=N00009638
I think I read somewhere that Obama raised almost $10 million from Lobby groups and about $45 million from Law firms
Here's a site where you can breakdown by sectors
http://www.opensecrets.org/pres08/select.php?ind=F09
I also think your wrong on the private donation versus corporate donation scale, but I don't have time to dig that up right now.