Politics is causing extended anxiety and fear to the public, and while Super PACs spend gobs of money on campaigns, average Americans slide further down the economic ladder.
Super PACs are gearing up to collect unlimited amounts of money. Remember Super PACs got their start following a 2010 Supreme Court decision that removed restrictions on corporate and union spending in elections. The outpouring of money for the 2012 election will flow with vigor from these secret groups with the sole intent of backing presidential candidates. While the 2008 election cost $5.3 billion, the Center for Responsive Politics estimates that next year’s election could cost $6 billion.
This PAC money does nothing to help average working class Americans while solidifying Corporate America’s influence on raising their profits along with making some very wealthy contributors richer. In fact 1% of the richest Americans have seen income increases of 33% over the last twenty years.
Not so for the middle class who continue to lose income when adjusted for inflation. The unemployment rate remains excessively high and real estate shows no sign of rebounding making it imperative that politicians take action. Unfortunately they’re too busy watching out for their own welfare.
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This entry was posted on 02/10/2011 at 3:42 pm and is filed under commentary. You can subscribe via RSS 2.0 feed to this post's comments.
Tags: 2012 Election, middle class income, PACs, public welfare, Super PAC, Super PACs
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Public’s Welfare Lags as Super PACs Yield Money
Politics is causing extended anxiety and fear to the public, and while Super PACs spend gobs of money on campaigns, average Americans slide further down the economic ladder.
Super PACs are gearing up to collect unlimited amounts of money. Remember Super PACs got their start following a 2010 Supreme Court decision that removed restrictions on corporate and union spending in elections. The outpouring of money for the 2012 election will flow with vigor from these secret groups with the sole intent of backing presidential candidates. While the 2008 election cost $5.3 billion, the Center for Responsive Politics estimates that next year’s election could cost $6 billion.
This PAC money does nothing to help average working class Americans while solidifying Corporate America’s influence on raising their profits along with making some very wealthy contributors richer. In fact 1% of the richest Americans have seen income increases of 33% over the last twenty years.
Not so for the middle class who continue to lose income when adjusted for inflation. The unemployment rate remains excessively high and real estate shows no sign of rebounding making it imperative that politicians take action. Unfortunately they’re too busy watching out for their own welfare.
Like this:
This entry was posted on 02/10/2011 at 3:42 pm and is filed under commentary. You can subscribe via RSS 2.0 feed to this post's comments.
Tags: 2012 Election, middle class income, PACs, public welfare, Super PAC, Super PACs
Both comments and pings are currently closed.