Washington Babylon — September 25, 2009, 8:55 am

Show Me the Money!

From the Washington Post:

Democratic political committees have seen a decline in their fundraising fortunes this year, a result of complacency among their rank-and-file donors and a de facto boycott by many of their wealthiest givers, who have been put off by the party’s harsh rhetoric about big business.

The trend is a marked reversal from recent history, in which Democrats have erased the GOP’s long-standing fundraising advantage. In the first six months of 2009, Democratic campaign committees’ receipts have dropped compared with the same period two years earlier.

The vast majority of those declines were accounted for by the absence of large donors who, strategists say, have shut their checkbooks in part because Democrats have heightened their attacks on the conduct of major financial firms and set their sights on rewriting the laws that regulate their behavior.

It’s clear that the big money that dominates the party, no more and no less than it does the GOP, wants more proof from Obama (as if any were needed at this point) that he won’t rock the boat.

Remember when Bill Clinton realized that all that money from business groups came with strings attached?? “You mean to tell me that the success of the economic program and my re-election hinges on the Federal Reserve and a bunch of fucking bond traders?” he raged during the first year of his administration. Obama no doubt knows the answer to Clinton’s question already; if not he’s about to discover it.

Share
Single Page

More from Ken Silverstein:

Commentary November 17, 2015, 6:41 pm

Shaky Foundations

The Clintons’ so-called charitable enterprise has served as a vehicle to launder money and to enrich family friends.

From the November 2013 issue

Dirty South

The foul legacy of Louisiana oil

Perspective October 23, 2013, 8:00 am

On Brining and Dining

How pro-oil Louisiana politicians have shaped American environmental policy

Get access to 165 years of
Harper’s for only $45.99

United States Canada

CATEGORIES

THE CURRENT ISSUE

April 2017

The March on Everywhere

= Subscribers only.
Sign in here.
Subscribe here.

Defender of the Community

= Subscribers only.
Sign in here.
Subscribe here.

Echt Deutsch

= Subscribers only.
Sign in here.
Subscribe here.

The Boy Without a Country

= Subscribers only.
Sign in here.
Subscribe here.

Behind the Fig Leaf

= Subscribers only.
Sign in here.
Subscribe here.

You Can Run …

= Subscribers only.
Sign in here.
Subscribe here.

view Table Content

FEATURED ON HARPERS.ORG

Article
The March on Everywhere·

= Subscribers only.
Sign in here.
Subscribe here.

Photograph (detail) © Nima Taradji/Polaris
Post
The Forty-Fifth President·

= Subscribers only.
Sign in here.
Subscribe here.

Photograph (detail) by Philip Montgomery
Article
Defender of the Community·

= Subscribers only.
Sign in here.
Subscribe here.

Illustration (detail) by Katherine Streeter
Article
The Boy Without a Country·

= Subscribers only.
Sign in here.
Subscribe here.

Illustration (detail) by Shonagh Rae
Article
Asphalt Gardens·

= Subscribers only.
Sign in here.
Subscribe here.

In a city that is rapidly pricing out the poor, NYCHA’s housing projects are a last bastion of affordable shelter, with an average monthly rent of $509
Photograph (detail) © Samuel James

Rank of Italy, Argentina, and Libya in annual per capita pasta consumption:

1,2,3

A barn owl in Wiltshire failed to deliver two wedding rings and instead fell asleep in church.

In the United States, legislation to repeal the Affordable Care Act was advanced by the House Ways and Means Committee after 18 hours of deliberation, during which time the Republican members of Congress passed around candy.

Subscribe to the Weekly Review newsletter. Don’t worry, we won’t sell your email address!

HARPER’S FINEST

Who Goes Nazi?

= Subscribers only.
Sign in here.
Subscribe here.

By

"It is an interesting and somewhat macabre parlor game to play at a large gathering of one’s acquaintances: to speculate who in a showdown would go Nazi. By now, I think I know. I have gone through the experience many times—in Germany, in Austria, and in France. I have come to know the types: the born Nazis, the Nazis whom democracy itself has created, the certain-to-be fellow-travelers. And I also know those who never, under any conceivable circumstances, would become Nazis."

Subscribe Today