The record fundraising quarter is being treated as a Democratic victory, but it should be a warning that the current system of campaign finance is not tenable, and that we are rewarding the worst kinds of parasites by pouring money into this corrupt swamphttps://www.dailykos.com/stories/2020/10/19/1987842/-Democrats-didn-t-just-outraise-Republicans-last-quarter-They-outspent-them-brutally …
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Replying to @Pinboard
Reagan's capitulation to corporate interests + Citizens United doomed our democracy. That genie will likely never go back in the bottle - especially with all the $ to be made in politics.
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Replying to @t0mack
This is about the ecosystem of parasites that feeds off of direct campaign donations. The outside-expenditure PACs are a whole other universe of their own
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Replying to @Pinboard
Direct-campaign, meaning the small contributions less than the FEC limit?
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Replying to @t0mack
Yes, if the FEC limit you have in mind is the $2800 cap on individual contributions
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Replying to @Pinboard
Got it. So this is largely individual, small contributions from "average people" that go to their websites and make donations? You have a negative stance on this I gather. In your opinion, would this be acceptable if there wasn't also SuperPAC funding? Is it a parallel issue?
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They are parallel issues; the problem overall is the astronomical cost and excessive length of modern campaigns. Fixing it is difficult, and the advent of online fundraising has made the problem much more acute
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Replying to @Pinboard
I had no idea campaign funding found a new front to create casualties on. I'm willing to bet the $ entering these campaign ecosystems is largely injected into the upper socioeconomic stratums with little to no return to 99%. Any info or details on that mobility?
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