This week’s Supreme Court ruling removing limits from corporate spending on political advertising means that campaign finance reform is dead.
President Barack Obama, criticized by campaign finance reform advocates for not living up to his repeated pledges to reduce the role of special interests in elections, plans an aggressive push-back to last week’s Supreme Court decision overturning restrictions on political spending by corporations, unions and other organizations.
Monday, January 25, 2010 · Last updated 6:58 a.m. PT
W.H. hopes to blunt court decision
By
POLITICO
The essential question here is how will the Supreme decision, which was rendered last week, help the economy? The answer is obvious, the new growing sector of the US economy it the highly lucrative field political lobbying!
How to become a Lobbyist
Lobbyists perform a unique, and sometimes controversial, role in our society. First, determine what type of lobbying you want to perform. Do you want to work for a lobbying firm and take on whatever work is assigned to you?
Okay, so it seems the politicians really need to answer to one particular group more tham anyone else. They need to answer to the group of people who help them purchase the kind of advertising which will be required in order to get them re-elected.
Lobbying firms can’t hire people fast enough. Starting salaries have risen to about $300,000 a year for the best-connected aides eager to “move downtown” from Capitol Hill.
The Road to Riches Is Called K Street by By Jeffrey H. Birnbaum
Washington Post Staff Writer
Wednesday, June 22, 2005>
The intelligent answer is to bypass the whole political game and get right to the heart of the matter. The thing that really matters is to try to appease the largest and most powerful group? Perhaps all the lobby groups could be combined into one or two extremely powerful lobbies.
We will definitely need names for these two new Super-Lobbies. I would like to call one of these lobbies, the CASH lobby. I think the new name should also somehow serve as an acronym. So far I gave come up with Conservatives Against Spending-How? I could not seem to come up with any meaning to the last letter. Which really does not matter because the idea I came up with for behind this group, is that it really does not matter how the spending gets cut mainly that it does get cut, except for the military, of course.
Now I have not yet figured out a really good acronym for the other Super-Lobby because it stands for so many different things. I could propose something like HUMAN or PEOPLE but these two words have two many letters, and a corporation is a person in the eyes of the law. I just came up with one, but it really does not fit, but we need one to fill in for the time being until minds that are greater than my own can come up with something more indicative of what the other Super-Lobby is really all about. So how about we come up something which is specifically devoted to dispel some great myth that currently i being hoisted onto the American people. Lets call the other Super-Lobby CARED. The letters would stand for Conservatives Against Ridiculous Economic Decisions.
Now I suppose my readers, all eleven of them. might be scratching their heads and wondering, hey what about, Abortions, Stem cell research, Gay marriage, Global Warming and all that other stuff that seems to be so hotly debated in so many political arenas? The answer is that they would have to be integrated into the CARED Super-Lobby because the people who were at one time concerned about such things, are now no longer able to show up at the rallies for these causes because they are too worried that maybe they would lose their jobs. The other ones who happen to be unemployed anyway just figured while it still may be okay to talk and be concerned about such things, they know nothing really is going to change regarding these matters hence the past tense sound of the name of the other Super-Lobby- Cared.
Stay tuned next week for the details regarding paradigms which have been known for some time, but seldom explained. These paradigms were, the Art Laffer Curve:
Income Tax Theories – The Laffer Curve – Who pays how much?
The Laffer Curve is aptly named after Professor Art Laffer. He was an advisor to President Reagan in the early 1980s, but, despite that, he has become quite well known through his ‘curve’! He suggested that, as taxes increased from fairly low levels, tax revenue received by the government would also increase. However, as tax rates rose, there would come a point where people would not regard it as worth working so hard.
Above courtesy of: http://en.wikipedia.org/wiki/Laffer_curve
The idea of the Art Laffer curve worked really well for Ronald Reagan. Later this was called Reagan nomics by the both friend and foe of the Republican Party. Walter Mondale, remember him, made a failed bid for the Presidency and had referred to this pseudo-scientific economic concept as voodoo economics, when he realized this was giving him enough traction he came up with one of the great campaign slogans of the day which was actually borrowed from the advertising agency world, “Where’s the Beef?” The advertising image was of this little old lady who bought a hamburger from a competing fast food chain, lifted up the bun and loudly exclaimed, “Where’s the Beef”. I guess it was a great and memorable slogan but not enough to get Mondale elected.
What really should have been grabbing our attention is how Reganomics or the trickle down theory as originalyl invented by Art Laffer, and cleverly exploited by Reagan and the Republican Party to create sweeping tax cuts, later required some entirely new terminology of it’s own, namely deficit spending. The hugest deficits the nation has ever seen came about as a direct result of the trickle down theory, failing to produce any significant trickle.
The entire concept seems like such a flawed theory in practice that one wonders if the entire idea was ever really supposed to be taken seriously and applied to the real world of supply and demand, or what later became know as supply side economics. The political pundits of the day probably realized that these textbook theories would never really work in the real world, so they figured it would be wise to keep changing the name of the thing that they actually were doing.
If I was hard pressed to come up with some sort of descriptive terminology for the entire Laffer/Reagan/Bush/G.W.Bush idea I would simply call it: The Art of Laughing all the Way to the Bank.
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