Saturday, August 6, 2011

no worries, it's legal!

So now that corporations have unlimited fundraising capability (bye bye  McCain-Feingold, right?), it appears that the mystery man who created the corporation merely to donate $1,000,000 to a Mitt Romney PAC did so legally. Possibly. But if so, this means that any wealthy person who wants to overcome the $2,500 maximum donation rule can do the same if I'm not mistaken. Or rather, I should say that any person who wants to bother creating a shell company can do this, and then just as Romney's "friend" did, dissolve the corporation a few months later.

I think.

Yah, scary. It'll be interesting to see if the new laws can stand or if the election cycle becomes an even greater parody of such--this time, creating an entire economy driven on the need for people to learn how to set up corporations (and then dissolve them), so they can aid personal favorites just a little bit more.

Which could mean jobs, and could be good? For years now, I've noted that major political contests do create jobs, thousands of temporary positions at the very least.

I should note that I might be mistaken about some of the facts and the legality, here, and this entire blog entry could merely be attributed to S&P Downgrade Anxiety (SPDA); however, the mystery contributor was willing to reveal his name.

No comments:

Featured Post

Auggie's Revenge: Reviews, Interviews, and Excerpts

Book Reviews: "The Teaching Life as a House of Troubles," by Don Riggs, American, British and Canadian Studies , June 1, 2017 ...