Tag Archives: Money


September 4, 2012
September 9th 2012
Women’s Building
3543 18th Street, Auditorium
San Francisco, CA 94110
(BART: 16th street station)
IFG presents a panel of five activists fighting Koch Cash and committed to ending rule by the super rich.
Panelists Include:
Lisa Graves, ALEC Exposed
Jotaka Eaddy, NAACP
Maura Cowley, Energy Action Coalition
Lisa Hoyos, Blue Green Alliance
Justin Wedes and Aaron Black, Occupy Wall Street
 IFG’s Plutonomy Program presents this public event as part of its broader effort to expose “individuals of undue influence.”This event follows an IFG Convening of frontline activists and analysts, “Calling Out the Koch Cash Corrupting Democracy”Globalization’s extreme concentration of financial wealth is enabling the political power of super-rich individuals to play an unprecedented role in driving policy decisions. By far the biggest force financing today’s attacks against progressive policies is Charles and David Koch.  The Kochsquintupled their combined net worth from $10B in 2005 to $50B in 2011, mainly by investing their fossil fuels fortune into oil derivatives, now making them the third wealthiest in the world after Carlos Slim and Bill Gates.
“Koch Cash” has since become the single biggest source of funding for attacks against collective bargaining, clean air, voters’ rights, and strong social safety nets, in almost all regulatory arenas.  After radicalizing the House of Representatives via their Tea Party’s takeover of one third of available seats in 2010 elections, the Kochs are now leading a $1B blitz in 2012 to replace the President, seat several more Tea Party activists in the Senate, and seize swing states to gerrymander permanent hardliners.  Further, the Kochs’ ideological focus on “shrinking government” has become Romney-Ryan’s main message, while their “economic freedom” narrative has captured many conservatives, encountering no cohesive intellectual counterforce from progressive constituencies.
Click here for flyer.

Billionaires And Super PACs Endorsing Obama

By: Kourosh Behnam
March 3, 2012

Last month, the Obama reelection team endorsed the use of Super PACs. Super PAC’s are political action committees that have the ability to raise limitless amounts of money from individuals, corporations, and unions and spend it on behalf of political candidates – however they cannot directly be in contact with those candidates.  Super PACs have become the new campaign finance tool since the Supreme Court’s 2010 Citizens United decision that allows unions and corporations to spend unlimited amounts of money in federal elections.

What is interesting to note here is that Obama has criticized the Citizens United decision and the use of Super PACs.  In addition, the White House believed that Citizens United could be a political opportunity for Obama, “a powerful rhetorical opportunity to decry the influence of corporate money in politics”.  But why has he changed his mind?

The reality is, running for President is not a easy feat.  It seems that every candidate this election needs a billionaire.  The pro Obama Super PAC Priorities Action USA has raised a total of $4,459,431 in comparison to the pro Mitt Romney Super PAC Restore Our Future which has raised $36,797,202.  The billionaire behind Priorities Action USA is Jeffery Katzenberg, chief executive of Dreamworks Animation who has donated $2,000,000.

Obama has contradicted himself.  I do not agree with the decision his campaign team has made.  According to Jim Messina, Obama’s  campaign manager, “We’re not going to fight this fight with one hand tied behind are back . With so much at stake, we can’t allow for two sets of rules.  Democrats can’t be unilaterally disarmed.”  This is a big excuse to go after money.

The oligarchic influence is too powerful to deny.  These Oligarchs don’t care who wins the election.  They have bought both sides and average people will have to suffer from their decision making . They have set up a “show election” for us and Obama is part of this production.

Read More: Obama Gives Blessing To A Super PAC, We Will Not Play By Two Sets of Rules , Obama Plays The Super PAC Game, Endorses Priorities USA