Citizens United Unleashed the 'Crankocrats'
Timothy Noah points out that corporations aren't the ones funding super PACs
By Kevin Spak, Newser User
Posted Apr 3, 2012 12:48 PM CDT
Foster Friess speaks onstage during Celebrity Fight Night XVI in Phoenix, Arizona, in this file photo.   (Getty Images)

(Newser) – When the Citizens United decision came down, many people expected a corporate takeover of the political system. But that hasn't happened, Timothy Noah of The New Republic points out. Corporations wanted no part of campaign controversy. Instead, super PACs are fueled by "crankocrats," tycoons like Foster Friess, Harold Simmons, Sheldon Adelson, and Bob Perry, who almost all hold extreme conservative views—indeed, only one of the top 10 super PAC donors is a Democrat.

"It’s enough to make you nostalgic for an America in thrall to corporate power," Noah writes. "Corporations, after all, must answer to their stockholders. Super-rich crankocrats do not." Yet these oligarchs have managed to essentially replace all the functions of candidates' official primary campaigns, which they are routinely outspending. The only thing they can't really manage is fostering a grassroots movement. But "crankocrats likely wouldn't have patience for that anyway. It's too social, and you can't be much of a crank if you have to listen to other people." Click for Noah's entire column.

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Apr 3, 2012 3:14 PM CDT
Wasn't Howard Hughes a crankpot? Ever read about his loan to Richard Nixon? Where they patriotic?
Apr 3, 2012 3:10 PM CDT
"many people expected a corporate takeover of the political system. But that hasn't happened" - I wish I shared this optimism. I fear corporations wi'll be doing it plenty, but obviously in a more subtle manner than these bloated, windbag "entitled-ocrats".
Apr 3, 2012 2:34 PM CDT
Citizens United will be overturned by the same justices who made it law -- if Warren Buffet and George Soros throw a billion each to super pacs supporting Democrats in the fall. Their idea was to provide greater influence to the conservative super rich. If they discover the impact that can be made by the liberal super rich, they will suddenly rediscover that the Constitution gives Congress the power to regulate federal elections and that money does not equal speech.