A new oligarchic era of American politics came into full view on
Friday, as super PACs disclosed fundraising details showing billionaires
bankrolling the 2016 presidential race to an unprecedented degree.
The unlimited-money super PACs account for one-third of all federal
election funds raised in the first half of 2015 -- up from 4 percent at
this time in the last presidential election. Three-quarters of all super
PAC money came from more than 500 wealthy donors, corporations and
unions in contributions above $100,000.
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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.
His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)