Later On

A blog written for those whose interests more or less match mine.

Interesting take on what the 2012 election reveals about US government

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Elias Isquith has a very interesting column in Salon. From that column:

. . . While most people at least intuitively understand that big-time political campaigns are financed largely by the very wealthy, Ferguson and his co-authors’ paper reveals the degree to which these national operations are funded by a vanishingly small number of people. “We really are dealing with a system that is of by and for the one percent — or the one-and-a-half percent,” Ferguson told Salon in a recent interview. And the numbers bear him out. Assuming that contributions over $500 come largely from the one percent, the paper finds that no less than 59 percent of Obama’s funding, and 79 percent of Romney’s, emanates from that small sliver of society. This contrasts rather jarringly with the popular image of the 2012 campaign as one pitting Obama’s middle-class constituency against Romney’s plutocratic backers. It was more of a plutocrat vs. plutocrat affair.

Even on that score, however, the lines of demarcation are fuzzy at best. It’s undeniable that Romney was more popular among big business than Obama, but the differences between the two were smaller than you’d imagine. In fact, the authors “suspect” that “the president probably enjoyed substantially higher levels of support within big business than most other modern Democratic presidential candidates, even those running for reelection.” Obama got walloped when it comes to what you could call Koch brother industries — oil, gas, plastics, etc. — but he did OK with Wall Street and, especially, the telecom and tech industries.

It’s that last point — Obama’s popularity among the industries that make up the surveillance state — that forms the most surprising and relevant takeaway of the paper. In the wake of the ongoing revelations from Edward Snowden of a national security state-turned-surveillance behemoth, the level of financial support the president enjoys from the industries working with the government to spy on Americans starts to make sense. But to compare this synchronicity to Obama’s 2008 campaign, and its pledges to rein in and civilize the Bush-Cheney post-9/11 national security leviathan, is to risk vertigo.

The distressing conclusion to be drawn from all this is that those interested in truly curtailing the surveillance state will find few friends within the two-party system. Democrats, after all, were supposed to be the ones who were more cautious, pragmatic, and civil liberties-minded when it came to surveillance. Voicing a sentiment that’s no doubt still held by many, if not most, Ferguson told Salon that, prior to his research, he “thought there was more distance between the Democrats and the Republicans on the National Security State.” That distance, if it ever was significant, is certainly gone now. . .

Read the whole thing.

Written by Leisureguy

30 November 2013 at 1:14 pm

Posted in Business, Election, Politics

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