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Wombaticus Rex » Sat Jul 25, 2020 4:38 pm wrote:Elvis » Sat Jul 25, 2020 2:38 am wrote:There are other articles like that one—all a ruse?
Does corporate America subsidize news media in order to inform the public?
Marionumber1 » Sat Jul 25, 2020 11:28 pm wrote:I imagine the Mercers stopped backing Trump in the same way that the CIA stopped backing foreign coups and USAID, the NED, the IRI and NDI, and too many other NGOs to name started backing foreign coups instead.
https://www.penews.com/articles/private ... s-20200727
Industry news
Private equity executives pour $92m into 2020 US elections
Blackstone’s Stephen Schwarzman, who gave $10m to a group aiming to defend the Senate’s Republican majority, leads political spending in the industry
By Chris Cumming
Updated: July 27, 2020 9:17 am GMT
The private equity industry is pouring millions of dollars into the 2020 elections, with some donors hoping to prevent full Democratic control of Capitol Hill and the potential for tighter oversight of their sector.
Employees of private equity firms and other investment firms, not including hedge funds, spent $91.7m on 2020 congressional races and presidential campaigns through 21 July, according to the Center for Responsive Politics, a nonprofit group that researches money in politics.
With a spending surge in the coming months, the industry could approach the record of almost $118m that it spent on the 2016 elections.
The private equity industry has in the past several elections split its spending fairly evenly between the two major parties, a trend that has held this year. Democrats have received 54% of the roughly $47m contributed to candidates and party committees by private equity industry employees. The industry has also given more than $44m to outside groups, which isn’t reflected in the party breakdown.
Despite the Democratic tilt, many in the industry have thrown their support behind vulnerable Republican senators, hoping to keep Democrats from controlling both chambers of Congress.
The erosion of popular support for president Trump since the coronavirus pandemic began has increased the likelihood that Democrats could take control of both the White House and the Senate, while retaining a majority in the House. Many who work in private equity prefer control of the government to remain divided as it would make major overhauls of their industry more difficult, YA THINK?? say people who work with buyout firms on government policy.
“Private equity is very invested in some high-profile Senate races, particularly as the polls have shifted and seem to indicate a possible Democratic sweep,” said Milan Dalal, managing partner of Tiger Hill Partners and a former Senate aide. “A number of people in the PE industry view the Senate as a potential bulwark against more aggressive policies.”
Democratic members of Congress have recently launched inquiries into private equity’s investments in the medical-staffing, private prison and for-profit education industries. Senator Elizabeth Warren (D., Mass.) last year introduced the Stop Wall Street Looting Act, a bill designed to overhaul what she calls abusive practices by buyout firms.
Employees of New York-based Blackstone Group, the world’s largest private equity firm, have shelled out the most on the 2020 elections, spending $21.5m, mostly in favour of Republican candidates and conservative groups, according to the Center for Responsive Politics. Boston firm Bain Capital, co-founded by Sen. Mitt Romney (R., Utah), is second in employee spending at about $9.5m, almost all of it dedicated to Democratic candidates and liberal groups. Both firms declined to comment.
These totals include so-called soft money, or unregulated donations to groups considered to be independent of any specific candidate. This spending, unlike direct contributions to candidates, isn’t limited by law. Private equity employees have spent about $44m in soft money on 2020 races, according to data from the Center for Responsive Politics.
Blackstone co-founder and chief executive Stephen Schwarzman, for instance, has donated $10m to a political-action committee that aims to defend the Republican majority in the Senate, Federal Election Commission records show. FEC records show that he has also given $1m to a group supporting Sen. Susan Collins (R., Maine), who has trailed her Democratic challenger in recent state polls.
In direct contributions to candidates, employees of private equity and investment firms have spent about $4.3m supporting Republican senators and just over $3m supporting Democratic senators. The industry prefers Democrats in House races.
Along with Collins, Republican senators widely considered on shaky ground for re-election are Joni Ernst of Iowa, Thom Tillis of North Carolina, Steven Daines of Montana, Cory Gardner of Colorado and Martha McSally of Arizona. These six have collected just under $1.6m in total direct contributions from private equity employees, according to the Center for Responsive Politics.
Three of the four top recipients of direct contributions from private equity employees are Republican senators: John Cornyn of Texas, Collins and Senate majority leader Mitch McConnell of Kentucky, according to the center’s data.
Overall, the candidate who has received the most direct support from private equity is presumptive Democratic presidential nominee Joe Biden, who has received almost $1.3m from employees of the industry. President Trump has collected about $181,000.
However, private equity executives have also given to outside groups and fundraising committees that support particular candidates. Schwarzman has given $3m to the pro-Trump group America First Action and $250,000 to the Trump Victory Committee.
His Blackstone colleagues have collectively given more than $400,000 to the Biden Action Fund, a joint fundraising effort between Biden’s campaign and the Democratic National Committee, FEC records show. Bain co-chairman Joshua Bekenstein, a prominent Democratic donor, gave $355,000 to the Biden fund.
Write to Chris Cumming at chris.cumming@wsj.com
From The Wall Street Journal
Movement for a People’s Party
@4aPeoplesParty
·
Aug 7
BREAKING: @ninaturner
and @CornelWest
will join MPP to headline The People's Convention on August 30.
Jimmy Dore, Ryan Knight and many speakers will discuss forming a major new political party in America.
Convention
https://peoplesconvention.org
Welcome to the death of the age of reason..
norton ash wrote:Doubt we'll intervene, but we'll brace ourselves for refugees.
The Victor/Victoria Von Dimwits of the overclass have spent the entirety of 2020 cutting off their own nose (and other protuberances) trying to spite Trump's face with orchestrated shutdowns and choreographed riots.
How's that working out for the self-appointed Masters of the Idiotverse? About as well as you'd expect.
Seeing how everything ultimately traces back to Mesopotamia, I can't help but be reminded of the Lugalzagesi/Sargon era of the Sumero-Akkadian Empire. Like the American Empire today, Sumer was essentially a loose confederation of city-states constantly at odds with each other and with what passed for central authority.
Zagesi, a bonebreaking strongman of the old Sumerian dynasty, took it upon himself to hammer the whole mess into a coherent nation-state, amid endless internecine warfare and rise to power of the Akkadian usurper-class.
Sargon, who legend has it was the "gardener" (read: "boytoy") of a local governor who was said to actually have pissed himself when Zagesi and his legions showed up at the city gates. Sargon was all too happy to offer up his shivering sugar daddy over to the warlord, who he'd later put in shackles, as legend has it.
My point is that the American Empire has become a lot like the late Sumerian Empire and is composed of a fractured clutch of regional power centers.
The "Democrats" (in reality, rebranded Rockefeller Republicans wearing the skin suit of the old Democratic Party. or RRDs) have risen to unparalleled power in the past thirty years by seizing control of key city-states like New York, Chicago, San Francisco, and Los Angeles, as well as a number of smaller, formerly-Republican city-states in the Midwest and upper South.
The Rockefeller Republican Democrats-- rather the megabillionaires who own and run the party-- followed the old Akkadian playbook of consolidating power by gaining control of key economic sectors and by displacing native populations through mass immigration. Something works, you stick with it.
But they ignored the lessons of history, because like all usurpers, they're shrewd but unwise.
See, Sargon's immortal dynasty lasted just a bit more than a century before the old Sumerian ruling families regained power (the so-called "Ur III Dynasty" of Gudea et al) following the fall of Akkad to the nomadic Gutians. The Neo-Sumerians would only last a little over a century themselves before the entire region collapsed under the combined pressures of natural disaster and the eventual rise of Babylon.
So we can argue about COVID but it's beyond any reasonable debate that the billionaire class opened the civic unrest Pandora's box and had a jolly old time fanning the fires of fake rebellion, not realizing that Frankenstein will forever turn on his creator. And now, if you believe the reports, all the great RRD city-states -- and many of their corporate patrons-- are looking down the barrel of existential crisis.
The bullets they shot at Trump seem to have all ricocheted and hit them square in the groin, or so it appears.
Of course, people much smarter than myself would argue that the crumbling began long before Trump took the reins, with entitlement crises breaking bulging Blue budgets. Interesting to note how COVID seemed to take aim at the elderly, with their long-promised pensions and bank-breaking Medicaid bills.
COVID sure helped take some of the burden off lawmakers in states like NY and NJ, who've been desperately scrambling to keep themselves solvent, no?
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