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Politicians Should Swear Off Wall Street Cash

Harold Meyerson says going clean could be deceptively brilliant

By Kevin Spak,  Newser Staff

Posted Oct 12, 2011 12:33 PM CDT

(Newser) – Washington is too dysfunctional to pass any laws in response to Occupy Wall Street, but if Democrats want to stand with the protesters, Harold Meyerson has a modest proposal: Refuse all campaign contributions “from the whole financial sector,” he suggests in the Washington Post. “Sign a pledge to go off the sauce." It would be a little like Grover Norquist’s no-tax pledge, only “lawmakers wouldn’t be asking voters to trust them once the election is over."

Meyerson admits that forswearing by far the largest source of campaign contributions “appears at first glance—second, too—to be a sucker’s game, a form of unilateral disarmament." Perhaps Occupy Wall Street enthusiasts could chip in small donations to make up for some of that, and “the no-bank-money pledge could well be a winning political message." And once Wall Street couldn't buy its latest political whim, we'd also have "distinctly better public policy."

Robert James Carlson, left, of Jersey City, N.J., shows a peace sign as he joined Occupy Wall Street protesters at Zuccotti Park in New York, Tuesday, Oct. 11, 2011.
Robert James Carlson, left, of Jersey City, N.J., shows a peace sign as he joined Occupy Wall Street protesters at Zuccotti Park in New York, Tuesday, Oct. 11, 2011.   (AP Photo/Kathy Willens)
Wall Street protesters rest in Zuccotti Park where hundreds of other activists are living on October 11, 2011 in New York City.
Wall Street protesters rest in Zuccotti Park where hundreds of other activists are living on October 11, 2011 in New York City.   (Getty Images)
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COMMENTS
Showing 3 of 21 comments
BenDoubleCrossed
Oct 18, 2011 9:03 AM CDT
From 1789 when the Constitution was ratified until 1972, 183 years later, there were no significant Federal Campaign laws. We were told that the campaign finance laws—the contribution limits and the reporting requirements—would curtail or even prevent corruption. Now, with 40 years of experience, we know that they do the exact opposite. And how does Obama justify his bundlers with his rebuke of the Supreme Court’s decision in the Citizen United Case? Campaign laws do not level the playing field; they always give advantage to one group or another. The 1st Amendment protects the people’s right to participate in political campaigns without interference from the Federal government: Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances. Many people believe the 1st Amendment guarantees their freedom of speech, press and assembly; but that is not the case. Carefully parse the words and you will find the 1st Amendment only denies Congress the authority to write laws abridging those freedoms. The Constitutions of the original 13 States guaranteed the freedom of speech, press and assembly for their citizens. It was fear of an overpowering Federal Government that led the Constitutional Congress to demand the inclusion of a 1st Amendment. State Constitutions, not the 1st Amendment, guarantee our rights. The States and not the Federal government have the responsibility and authority to regulate political campaigns. There are no Federal elections; only elections for Federal offices held in the States. Only Congress can violate the 1st Amendment and it did when it passed the Federal Campaign Act and the Bipartisan Campaign Reform Act. These laws abridge freedoms of speech, press by limiting how much money individual citizens and citizens groups can donate to their candidates and issues, and they abridge freedom of assembly by declaring it a crime for candidates, political parties and grass roots organizations to coordinate their advertising campaigns. The hush-hush of politics is controlling a segment of people without those people recognizing they are being managed. Campaign laws are a great example; politicians exempt the commercial press, because the 1st Amendment prohibits abridging their freedom of speech and the press. But those same laws regulate grass roots communications. Thereby, Americans are robbed of fair elections.   Handing a megaphone to commercial media, themselves special interests dependent on the advertising dollars of other special interests, insure their monopoly in the market place of ideas.  Muzzling the grassroots does not level the playing field or protect we the people. When soft money is restricted incumbents win. When grass roots can spend unlimited soft money challengers are more likely to win. If the United States Supreme Court defined freedom of religion using the same logic that it has used to define a free press only the church or synagogue "as an institution" would enjoy freedom of religion, not its parishioners! The Federal Campaign Law Press Exemption establishes a State approved corporate press: 2 USC 431 (9) (B) The term "expenditure" does not include -  (i) any news story, commentary, or editorial distributed through the facilities of any broadcasting station, newspaper, magazine, or other periodical publication, unless such facilities are owned or controlled by any political party, political  committee, or candidate; This law divides participation in America’s political process into two categories:  The regulated majority, every living U.S. Citizen, candidate for office, political party and political organization and the unregulated commercial media. This leaves the unrestricted institutional press in a unique position to decide what issues and candidates are important enough to discuss. To restore equal protection under law, the language of 2 U.S.C. 431 (9) (B) (i) must be modified to restore the rights of flesh and blood citizens. I suggest the following changes:  “The term expenditure does not include any news story, commentary, or editorial distributed by any citizen, citizens group, broadcasting station, newspaper, magazine, or other periodical publication.”
Barack_Must_Go
Oct 12, 2011 11:09 PM CDT
So the propaganda discemination arm of the Obama regime calls for ALL politicians to only swear off money from the one entity ( Wall Street ) that has pretty much told Obama, in no uncertain terms, to suck their collective _____s.  No mention about funds from unions, MSM types, etc. ......... just Wall Street.  Brilliant ! .............. not. I don't think these ultra left wing juice bags could get anymore pathetic, if they tried. Speaking of pathetic, this will be the liberal " Pee themselves Party "  members battle cry for the next three weeks, ...... you know cause their so spontanious an all.
Mr.DubbleU
Oct 12, 2011 8:46 PM CDT
We have beat this dead horse to death to many times and we are beating it some more. The question is, what are we going to do about it? What action are we going to take? Occupy Wall Street is a good start. So if we want change we have to keep this going until we get social justice for ALL. Occupy Wall Street must expand until the idiots get the message and change things. Last night the house and the senate rejected the Jobs Bill again proving the don't love this country nor the people who live in it. They believe their are the ALMIGHTY and can do what they want with the lives of the every single person in this country. Therefore, instead of only talking about, get out and take some action. Join Occupy Wall Street where ever they can be joined, Don't waste your time arguing with the republicans. They will see that it's right when the goal is accomplished.
 

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