The fat cats at the big corporations are drooling at the prospect of “Speaker Boehner,” and why not?
The industries giving the most to Boehner: insurance companies, drug manufacturers and Wall Street firms, all of which now face new regulations adopted by the Democratic-controlled Congress. The political action committees and employees of insurance firms, for instance, donated nearly $426,000 to Boehner’s campaign committees through June 30, according to the center’s tally, compared with $118,000 in insurance industry donations to Pelosi’s fundraising accounts. Don Seymour, a Boehner spokesman, said contributors know that Boehner “understands the best way to help create new jobs is to cut spending, stop all the tax hikes and end some of the uncertainty facing job creators.” – USA Today
Karl Rove and Ed Gillespie are right behind them via American Crossroads and Crossroads GPS, accumulating money to dump into races to push the GOTP over the top, especially in close, margin of error races.
American Crossroads GPS is far from the only soft-money organization that has pledged massive spending on conservative candidates. Together with the U.S. Chamber of Commerce ($75 million), Americans for Prosperity ($45 million), the Club for Growth ($24 million at a minimum), the NRA ($20 million), FreedomWorks ($10 million) and a host of less prominent groups, Republicans have been promised an eye-popping $400 million in “independent expenditures” – the FEC’s term for almost-unrestricted political campaign spending that can be impossible to trace back to its sources. – Political Correction
But the story Think Progress broke yesterday about the Chamber of Commerce buy-in against Democrats is frightening. Through a heavier presence in Bahrain, the Chamber plans to accumulate money overseas, then funnel it into the midterm elections, targeting Democratic candidates. The same type of operation is also in play in India, according to the Think Progress investigation, as are “affiliates” in other locales, like Egypt and well beyond. From Think Progress:
The largest attack campaign against Democrats this fall is being waged by the U.S. Chamber of Commerce, a trade association organized as a 501(c)(6) that can raise and spend unlimited funds without ever disclosing any of its donors. The Chamber has promised to spend an unprecedented $75 million to defeat candidates like Jack Conway, Sen. Barbara Boxer (D-CA), Jerry Brown, Rep. Joe Sestak (D-PA), and Rep. Tom Perriello (D-VA). As of Sept. 15th, the Chamber had aired more than 8,000 ads on behalf of GOP Senate candidates alone, according to a study from the Wesleyan Media Project. The Chamber’s spending has dwarfed every other issue group and most political party candidate committee spending. A ThinkProgress investigation has found that the Chamber funds its political attack campaign out of its general account, which solicits foreign funding. And while the Chamber will likely assert it has internal controls, foreign money is fungible, permitting the Chamber to run its unprecedented attack campaign. According to legal experts consulted by ThinkProgress, the Chamber is likely skirting longstanding campaign finance law that bans the involvement of foreign corporations in American elections. […]
… Previously, it has been reported that foreign firms like BP, Shell Oil, and Siemens are active members of the Chamber. But on a larger scale, the U.S. Chamber of Commerce appears to rely heavily on fundraising from firms all over the world, including China, India, Egypt, Saudi Arabia, Brazil, Russia, and many other places. Of course, because the Chamber successfully lobbied to kill campaign finance reforms aimed at establishing transparency, the Chamber does not have to reveal any of the funding for its ad campaigns. Dues-paying members of the Chamber could potentially be sending additional funds this year to help air more attack ads against Democrats. […]
We’ve all seen this horror film before. Here we go again.
…and all because of an anti Hillary film by David Bosse, the same wingnut who just produced the film touting conservative female politicians this cycle. Bosse’s Clinton derangement over all the years finally paid off when the Supreme Court rendered a decision that changed the midterms back to an unfettered cash free for all.
Boehner’s the ring leader of this crew, which gives you a foreshadowing of what could happen come November 3rd.