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If you read one thing today…
It is T-minus 11 days away from Election Day, but one contentious race is being covered far less than the Tea Party revolution. It’s the battle of the corporations in California over Proposition 23, a measure that would suspend California’s landmark greenhouse gas law until the state’s unemployment level dropped. Both Big Oil and the developing green industries are dishing out the major moolah to sway voters on this referendum to the tune of $16 million.
The Washington Post’s article features a quote from the outgoing Governator that pretty much says it all.
“Does anyone really believe that these companies, out of the goodness of their black oil hearts, are spending millions and millions of dollars to protect jobs?” Arnold Schwarzenegger said recently. “This is like Eva Braun writing a kosher cookbook. It’s not about jobs at all, ladies and gentlemen. It’s about their ability to pollute and thus protect their profits.”
In other campaign finance news, the corporation arguably spending the most on the upcoming midterm elections, the U.S. Chamber of Commerce, has been pouring enormous gobs of money into highly contested races. And not so surprising, it has not disclosed where it’s getting the big bucks from this year.
Of the Chamber’s spending, John Motley, a former lobbyist for the National Federation of Independent Business said:
“They’ve raised it to a science, and an art form,” he said of the chamber’s pitches to corporate leaders that large contributions will help “change the game” in Washington.