The funny thing about liberal billionaires

George Soros
George Soros photo found at Business Week

First of all : Who calls a political action committee "America Coming Together"? It sounds like Babes in Toyland event funded by Hugh Hefner, not a GOTV initiative started by George Soros.

Second, let's look at the numbers : The Federal Elections Commission fines ACT more than half a billion dollars ($775,000 to be exact) because said PAC raised some of its whopping $137MM " outside federal limits and source prohibitions to pay for expenses that should have been paid with funds raised within the federal contribution limits and prohibitions."

What does this verbiarge mean? ACT spent $137MM to pay people to do voter canvassing door to door, with direct mail and telemarketing and urge them to vote against Bush and/or progressive candidates.

That's $137MM.

Pre-blogs.

Did they liquidate the PAC because it didn't work or did they fold because they found cheaper ways to influence politics?

When I hear of money thrown into politics like this, I just want to scream. It corrupts the process, no matter the good intentions.

When you throw around $137MM only for elections, you're not supporting democracy. You are supporting a whole political class that has a vested interested in having things remain the same election after election.

And that's part of the problem.


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