Send a Tweet
Most Popular Choices
Share on Facebook 3 Share on Twitter Printer Friendly Page More Sharing
OpEdNews Op Eds    H2'ed 10/17/15

Obama Should Make Corporations Disclose Their Political Spending

By       (Page 2 of 2 pages) Become a premium member to see this article and all articles as one long page. (View How Many People Read This)   No comments
Author 4387
Follow Me on Twitter     Message Dave Johnson
Become a Fan
  (12 fans)

For insight into why the SEC appears to be a "captured" agency, working in the interests of the big corporations they are supposed to be regulating, see the Project On Government Oversight's report, "The SEC's Revolving Door." From the overview:

"Former employees of the Securities and Exchange Commission (SEC) routinely help corporations try to influence SEC rulemaking, counter the agency's investigations of suspected wrongdoing, soften the blow of SEC enforcement actions, block shareholder proposals, and win exemptions from federal law."

The Appearance of Corruption -- If Not Flat-Out Bribery

Corporations putting money into the political system has every appearance of corruption. The SEC's refusal to require disclosure also has every appearance of corruption. For all we know there is flat-out bribery going on. It sure looks like it.

The president should at least require federal contractors to disclose how much money they are putting into politics.

So far the SEC and the president are not listening to the public. The dark money continues to flow in from corporations and there are not any rules to let the public know where it is coming from and who is receiving it. This is a disgrace.

Several organizations have put together yet another petition to try to get the president moving on this: "Urge President Obama sign an executive order this year requiring federal contractors to disclose their political spending."

"Currently, corporations that receive government contracts can secretly funnel untold sums into elections to help elect (and re-elect) the very same lawmakers responsible for awarding those contracts. It's outrageous.

"Companies like Lockheed Martin, Verizon, and even subsidiaries of Koch Industries are awash in taxpayer money they receive from federal contracts. And you can bet that the amount of money they plan to spend to influence the upcoming elections is staggering.

"...The president can and should sign an executive order, immediately, requiring federal contractors to disclose their political spending."

Please sign this petition.

Next Page  1  |  2


Rate It | View Ratings

Dave Johnson Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Dave has more than 20 years of technology industry experience. His earlier career included technical positions, including video game design at Atari and Imagic. He was a pioneer in design and development of productivity and educational (more...)

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Three Charts To Email To Your Right-Wing Brother-In-Law

Upcoming Trans-Pacific Partnership Looks Like Corporate Takeover

Actually, "the Rich" Don't "Create Jobs," We Do

Now We Know Why Huge TPP Trade Deal Is Kept Secret From The Public

Does Clinton Really Oppose TPP? There Is A Test For That

Will TPP Kill The Post Office?

To View Comments or Join the Conversation: