Friday, July 29, 2016

David Dayen — The DNC Is One Big Corporate Bribe

Campaign finance, lobbying and the revolving door on display at the Democratic National Convention. Hillary is going to reign in Wall Street and temper the TPP in favor of labor? She also has a bridge to sell you.
It’s hard to ferret out all the special interests at the DNC, because there’s no full public schedule. Invitations are doled out individually, and people whisper about this or that event. But enter any official hotel where a delegation is staying, or any Philadelphia landmark, and you’re likely to have a complimentary drink thrust into your hand.
As Politico’s Ben White reported on Monday, private equity firm Blackstone has a meet-and-greet on Thursday. Independence Blue Cross, the southeastern Pennsylvania arm of the large insurer, held a host-committee reception Tuesday; their chief executive is the finance chair of that host committee. The same day, Le Meridien hotel had a private event for Bloomberg LP, and the Logan Hotel hosted “Inspiring Women, a Luncheon Discussion.” The sponsors included Johnson & Johnson, Walgreens, AFLAC, the Financial Services Roundtable (the industry trade lobby), and New York Life. (How many people were they serving, given the number of corporations involved?)
None of this is considered money toward the convention, which is being entirely privately funded for the first time. The donors who are actually paying for the festivitities in Philly are anonymous. So God (and Debbie Wasserman Shultz) only knows where it all comes from. And clearly the DNC wants to keep it that way.
The New Republic
The DNC Is One Big Corporate Bribe
David Dayen

1 comment:

Random said...

Similar establishment people defending the PLP in the UK: