Stunning Statistics of the Week:
- $3.27 billion: Amount spent on lobbying in 2011
- $3.51 billion: Amount spent on lobbying in 2010
Note: The drop is attributed to political gridlock.
Citizens United anniversary: Everything it was cracked up to be and more
We’ve been telling you for a while about the momentum that built toward protest events slated for Saturday, Jan. 21, the second anniversary of the U.S. Supreme Court’s ruling in Citizens United v. Federal Election Commission. The anniversary was everything we thought it would be and then some. Citizens and elected officials took to the streets in cities throughout the country to call for a constitutional amendment to overturn the decision. Check out these pieces in Mother Jones, Truthout.org and Firedoglake. If you haven’t joined the movement, it’s not too late. Visit www.DemocracyIsForPeople.org.
Candidates say “Enough already with the Super PACs”
It might not work but it’s worth a shot. U.S. Sen. Scott Brown (R-Mass.) and his opponent Harvard Professor Elizabeth Warren have signed a “People’s Pledge agreement” designed to keep Super PACs and the negative ads they pay for out of the race. Under the agreement, whichever candidate is aided by an ad paid for by a third party must contribute an amount worth half the ad to his or her opponent’s charity of choice.
House lawmakers draft new DISCLOSE Act
The DISCLOSE Act, designed to mitigate the harmful effects of Citizens United, fell victim in 2011 to GOP intransigence. Now, some lawmakers are making another run at it. U.S. Reps. Bob Brady (D-Pa.) and Chris Van Hollen (D-Md.) have drafted a bill that would, among other things, enhance disclosure by Super PACs, corporations and outside groups, and require corporations to tell shareholders about campaign expenditures.
Financial Protection Bureau be gutted. That’s the hallmark of the Dodd-Frank law approved by Congress to prevent predatory lending, liar loans and the other abuses behind the housing bubble—and our subsequent Great Recession.
