The Public Campaign Action Fund has a timely ad reminding us of the role of money in elections.
We were discussing data visualizations in an earlier thread. Here’s a very interesting one from the Sunlight Foundation showing the explosion of contributions coming from Finance / Insurance / Real Estate sector (FIRE).
Unsurprisingly, FIRE has become the single biggest contributors to Congress in the last 15 years.
I’m willing to bet that a large uptick in contributions from any industry is an early indicator of total meltdown / catastrophe / scandal / abuse / double digit price increases in whatever sector is doing the contributing.
Whether it’s new regulation that protects incumbents from competition (e.g. agricultural subsidies or abusive extensions of copyright law), or policy that protects organizations from the normal consequences of abusive and deceptive practices (allowing a see-no-evil cartel for form among the bond rating agencies) it’s a pretty safe bet that if business wants it, citizens don’t.
And if an industry starts betting heavily on Washington, expect to see citizens get screwed by that industry in fairly short order.
And why wouldn’t they? The ballot only works once every couple of years. K Street works every day.
Great find, Alex.
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