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Nothing Will Change Until We Get Money Out of Politics
Citizen's United Can Not Be Repealed - Very Unfortunate
When the U. S. Supreme Court held that parts of the Bipartisan Campaign Reform Act, BCRA §203, (better known as the McCain-Feingold Act of 2002, in a 5-4 decision, http://en.wikipedia.org/wiki/Bipartisan_Campaign_Reform_Act held that held that portions of BCRA §203 violated the First Amendment, it was devastating to this country, and started us down the path we're currently on. The United States Supreme Court held that the First Amendment prohibits the government from restricting political independent expenditures by corporations, associations, or labor unions. Thus allowing these organizations to contribute unlimited amounts of money to campaigns in the U. S. Basically it said to the Koch brothers, Karl Rove's Crossroads USA, and hundreds of non-profits to contribute any amount of money they were willing to spend. This, my fellow Americans, is why we are where we are. It would take a Constitutional Amendment to repeal this Act, which means it would require it to be presented to both houses and requires a two-thirds vote, which, in our day and age will never happen.
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McCutcheon v Federal Election Committee (FEC) Could Be 10 Times Worse
Last week on October 8th the U. S. Supreme Court heard McCutcheon v FEC. For the 2013-2014 election cycle, Federal Election Commission rules
state that a donor can give no more than $123,200 to all political
committees with two sub-limits of $48,600 to candidates and $74,600 to
political parties and political action committees. Without these overall
caps, a single donor supporting one political party could theoretically
give more than $5 million in individually limited contributions to
every House candidate, every Senate candidate, every state party
committee, every national party committee and every leadership PAC. Article by Huffington Post on McCutcheon v FEC. If this goes the way of McCutcheon we have given all future power to the rich. Look at how money being spent convinces people who only watch Fox News and listen to Talk Radio to vote Tea Party members into our Congress and Senate. People vote for politicians that totally ignore what they want. Look at when background checks for buying guns was wanted by the people everywhere, after the Newtown shooting where 20 children were killed. Many districts were in favor of background checks by 70% and up to 95% yet their representatives voted against the background checks, totally ignoring what the people, who voted them into office, wanted. That was because of the NRA lobby which had plenty of money backing it. In fact, after the background checks were defeated two democratic State Senators were ousted from their elected offices because they backed the background checks. "An epic national
debate over gun rights in Colorado on Tuesday saw two Democratic state
senators ousted for their support for stricter laws, a "ready, aim,
fired" message intended to stop other politicians for pushing for
firearms restrictions. Senate President John Morse and Sen. Angela
Giron will be replaced in office with Republican candidates who
petitioned onto the recall ballot." said A Denver Post article from September 10, 2013.
The Koch Brothers, Evil, Very Rich, Greedy, and Willing to Destroy Our Environment, Economy, and Anything That Gets In Their Way
By kochbrothersexposed.com |
The Most Recent Example of Why There Is No Deterrent for The Greedy People To Stop Taking Everything From The American People;
J. P. Morgan Chase
A month after JPMorgan Chase acknowledged that “severe breakdowns” had allowed a group of traders in London to run up $6 billion in losses, the bank has preliminarily reached a rare agreement to admit that the trading blowup itself represented reckless behavior, according to people briefed on the negotiations.Washington D.C., Sept. 19, 2013 — Securities Exchange Committee Press Release Sept., 19, 2013
The Securities and Exchange Commission today charged JPMorgan Chase & Co. with misstating financial results and lacking effective internal controls to detect and prevent its traders from fraudulently overvaluing investments to conceal hundreds of millions of dollars in trading losses.
The SEC previously charged two former JPMorgan traders with committing fraud to hide the massive losses in one of the trading portfolios in the firm’s chief investment office (CIO). The SEC’s subsequent action against JPMorgan faults its internal controls for failing to ensure that the traders were properly valuing the portfolio, and its senior management for failing to inform the firm’s audit committee about the severe breakdowns in CIO’s internal controls.
JPMorgan has agreed to settle the SEC’s charges by paying a $200 million penalty, admitting the facts underlying the SEC’s charges, and publicly acknowledging that it violated the federal securities laws.
Firm Must Pay $920 Million in Total Penalties in Global Settlement. Now you might look at this and say, "that will teach them," but no it won't. If I said to you I will give you $6 Billion, but then later I'm going to take $1 Billion back, and NO ONE will go to jail, would you take that deal? Damn right you would! Everyday!
So there is no deterrent for these greedy, selfish, people to stop taking everything they can get from the rest of us. Period.
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