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February 20 , 2009

CONNECTING THE DOTS series

Friends, we're intending to launch a series - "Connecting the Dots" - perhaps to become a special page on our website. Our intent is to explore how special interest money and lobbying skews public policy - and thereby to show how campaign finance reform is essential to restore accountability in our democracy to voters.

Corruption and cronyism is all-too-common, although often hidden. Occasionally we learn of back room deals, earmarked legislation - and sometimes, outright lawbreaking, as in the recent Pennsylvania case where two judges have been jailing youths in a kickback scheme that netted them $1.6 million in exchange for sentencing youths to for-profit youth detention centers.

Please read the article below. And send us your ideas: wpc@washclean.org
   ~ Craig
Salins

CONNECTING THE DOTS: Prisons for profit

In Pennsylvania, two judges have been jailing youths in a kickback scheme that netted them $1.6 million in exchange for sentencing youths to for-profit youth detention centers.

But that's only the tip of the iceberg. The role of government - privatization versus public sector ownership - is a raging national debate. It spills into every issue area: health care, stewardship of public lands, financial bailouts - and now, jails and prisons.

Jails are being privatized - just one more area where taxpayers are taken to the cleaners, considering direct costs and long-term social costs to our communities.
Read entire article

Public financing: central to every issue

We need campaign finance reform, to buy back our democracy! Candidates should be enabled to run - and win - without becoming beholden to campaign financiers. The Fair Elections Now Act would publicly fund all races for the U.S. Senate and House, paid for by a tax on the largest media conglomerates.

For too long, lawmaking in America has been for sale, up for auction. The high bidders win. Campaign cash rolls in; political favors roll out.

This is why we see bailouts for Wall Street and hedge fund investors, but not for homeowners. Read more

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Fair Elections Now Act in Congress: Update

The Fair Elections Now Act will soon be re-introduced in the current Congress, in the next 4-6 weeks, by Senators Dick Durbin and Arlen Specter in the Senate, and by Representatives John Larson and Walter Jones in the House.

Let's get our federal legislators on board! Senator Patty Murray sits on the Rules Committee of the U.S. Senate - which held a hearing on the Fair Elections Now Act in 2007. Will she support the program? What about Senator Maria Cantwell? And members of Congress from our state?

They all need to hear from us. Here's how to reach them ~ Craig Salins

February 12 , 2009

Injustice for sale: Judges jail youths - for profit!
Two judges in Pennsylvania are guilty of a 5-year-long scheme to sentence youths to privately-owned detention facilities - as a quid pro quo for kickbacks to a company they control in another state. First one judge closed the public detention center. Then, using the power of the court, his co-conspirator sent "customers" (the youths) to the privately-owned facilities in which they had an interest.

The two judges submitted guilty pleas to wire fraud and income tax evasion for taking $1.6 million in kickbacks in the scheme. Read more

It's a strange twist in the mounting national concern over justice for sale.

Of course this is an unusual case of moral depravity by judges. Perhaps the 5,000 youths who were inappropriately sentenced, and their families, will join a citizen movement for change. They should be outraged.

And yet, the real outrage is the billion-dollar political favors (for Wall Street, banks and corporate America) that characterize so much of lawmaking in the Congress - a tangled system that has produced unconscionable concentration of wealth - recently combined with job loss, economic instability, and growing worry for millions of Americans.

It's why we need fundamental reform: public financing for campaigns, through the Fair Elections Now Act.

Read the opinion piece, below. ~Craig Salins

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February 11 , 2009

Wealth and Democracy: Economic troubles reveal the need for
Campaign Finance Reform - the Fair Elections Now Act

A quote by former Supreme Court Justice Louis Brandeis captures a central issue in America today:

"We can have democracy in this country, or we can have wealth
concentrated in the hands of a few; we cannot have both."

Lately, concentration of wealth is winning - and democracy is losing out.

It is the reason why we must support public financing of campaigns - at every level, especially Congress, through the Fair Elections Now Act.
Continued...read entire article

January 29 , 2009

Wealth and Political Power: The coming federal battle over the right of workers to organize (Employee Free Choice Act) and the Fair Elections Now Act

Three days after receiving $25 billion in federal bailout funds, Bank of America Corp. hosted a conference call with conservative activists and business officials to organize opposition to the U.S. labor community's top legislative priority. This story, revealed by the Huffington Post of January 27th, reveals a high-powered lobbying campaign by the captains of industry, to scuttle the Employee Free Choice Act (EFCA) in Congress…Read more

January 27 , 2009

Supreme Court Fair Elections bill, HB 1738, filed in WA Legislature with 32 House co-sponsors!

A bill to create public financing for campaigns for seats on the Washington State Supreme Court has been filed in the House, with 32 co-sponsoring legislators - nearly a record! State Representative Marko Liias, from Mukilteo (21st Legislative District) filed the proposal on Monday, January 26th.

This is the proposal drafted with assistance from Washington Public Campaigns. It would create a program, optional for candidates running for the Supreme Court, whereby public funds would be available for their campaigns.

Candidates would qualify for public funds by raising at least $39,000 in small amounts from at least 500 donors, who must be natural persons residing in the state. Then the candidates receive public funds adequate to run a winning campaign. If they are outspent by a traditionally-funded opponent or face opposition from 'Swift-Boat' ads or independent electioneering, they would receive "fair fight" funds, dollar-for-dollar up to a robust upper limit, to keep a level financial playing field in the campaign. Read a summary of provisions of the bill (PDF)

In West Virginia, a Supreme Court justice was elected with $3 million in campaign aid from the CEO of Massey Energy, a coal mining company. A year later, that judge provided the deciding vote in a lawsuit to absolve the company of a $50 million fine, imposed by a jury following illegal corporate behavior. NY Times editorial.

Because of this outrageous case, the U.S. Supreme Court has agreed to decide when judges should be required to recuse themselves.

Sadly, the 'purchase of special-interest justice' by Massey in West Virginia is not an isolated case. A study of Louisiana's state supreme court showed a 14-year long pattern where contributions to judicial campaigns by litigants before the court seemed to pay off, leading to decisions in their favor.

In Ohio, an ongoing case reveals similar special-interest influence in the top court.

And, lavish campaign contributions by special-interests pay off. In Wisconsin, $4 million in spending over two election cycles by the Wisconsin Manufacturers & Commerce Association, led to election victories for their preferred candidate both times.

It doesn't have to be this way. North Carolina created a program of public campaign financing for upper-level judicial seats in 2002, and the program is successful and popular, used by most judicial candidates.

Justice must never be for sale! Integrity of our state's highest court is paramount. Equally important is public confidence in the fairness of the court - that decisions will never be made based on campaign financiers.

Public financing of these campaigns is the only way to achieve this result. It's time to eliminate private campaign contributions as a predominant method to fund upper level judicial campaigns.

Let's support the Supreme Court Fair Elections bill, HB 1738, in the Washington State Legislature. Visit WPC's webpage on the issue, with reports and handouts available for download.

~ Craig Salins, WPC

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January 7 , 2009

2009: A year of change?

Across America, public financing of campaigns is catching on. In the first year of Connecticut's program, eighty-one percent of state legislators who won, ran using public financing — so they owe their soul to no special interest, only the voters who elected them.

There are similar refreshing results in Arizona, Maine, New Jersey, and elsewhere. In North Carolina, a majority of top judicial seats were won by Clean Elections candidates.

But there's more to do — so that leaders everywhere are elected on the strength of their ideas, not the wealth of their financial backers.

That's what public financing of campaigns is all about — to buy back our democracy, and create a system where lawmakers work for the people, not for special interests.

Never is this more important then when major policy changes are on the table including spending and budget priorities. The Obama Administration promises a new energy policy, affordable health care, renewed regulation of banking and investment finance, and much more. Who will hold the trump card as these policy debates are settled? Will lawmakers still be obliged to vote for special interests who can fund their re-election campaigns? Or will we see a new day — when Democracy stands up, and finally there is government truly of, by and for the people — not the Wall Street profiteers.

Wealth and power aren't going away. But we can create a system where good public servants everywhere have the campaign resources to become elected without romancing special interests who simply seek profit at public expense.

Let's make 2009 the Year of Change!

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Our 2009 priorities ...

In 2008 we made progress in Washington state — passage of the "Local Option" law so that cities, counties, PUDs and ports can enact public financing of campaigns for local office, provided local voters agree in a referendum.

In 2009, we face severe budget challenges at the state and local level, making it difficult to advocate for new programs of public campaign financing when essential services are being cut. Our support for fundamental campaign reform does not waiver, but we must acknowledge political and budgetary realities: there will not be legislative support to fund any new programs competing for scarce state dollars right now.

Public education AND legislative advocacy: Never should we waste a "teachable moment" — and evidence abounds of the need for fundamental change: the federal bailout of the financial industry, leaving Main Street in the dust; the "pay-to-play" politics at every level: in Congress, in statehouses, and occasionally to influence the courts. So let's connect the dots for an outraged and wary public: cronyism and corruption won't end without systemic reform of campaign finance laws — and changing the system will take an organized and muscular grassroots movement (the "hammer") combined with focused legislative proposals (the "nail").

Judicial public financing: Meanwhile, our courts are threatened — the very institutions that should preserve our rights. In many states including Washington, special interests are spending lavishly to buy seats on the court. It's an outrage! — and it demands our response. We say: Justice must never be for sale! And the only real solution is public financing for campaigns for the state supreme court.

What seems practical this year is to discuss (and perhaps enact) the program architecture of a judicial bill — to work out the details of a proposed program and create the program in law, to be funded at a point in the future when economic conditions allow.

Fair Elections Now Act in Congress: Our grassroots movement can walk and chew gum at the same time! So while pursuing a judicial bill in Olympia, we can also organize support for the Fair Elections Now Act in Congress. What could be more fundamental to the priorities of an incoming Obama Administration, than curbing the political power of special interests who — often out of corporate greed — have stood in the way of renewable energy, affordable health care for all, family-wage jobs and other Main Street concerns! While it's true we have a new president and some newly-elected members of Congress, the corporate lobbyists and the financial puppeteers have not exited the stage. We MUST change the campaign finance system, with public financing of campaigns so the trump cards are held by the public, not by special interest lobbyists.

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CNN's Rick Sanchez story, on YouTube    

Transcript of the CNN story

Madoff and the Money Managers ...

It's not just stealing the money. The casino-like financial services industry has actually been destroying jobs and sucking value out of our economy, even while becoming a larger share of Gross Domestic Product (GDP). So suggests Paul Krugman in a December 19th Op-Ed, well worth the read. (The financial services sector includes banking, insurance, financial investments, etc. — essentially the part of our economy that doesn't make things, fight wars, or provide hard services such as education, architecture or health care.)

Considering Wall Street shenanigans, it seems that campaign contributions (to both political parties) from the big-money boys have kept the regulators at bay. Let's see, are these contributions worth their cost (to the benefactors)? In 2008, combined political campaign contributions for the presidential race and ALL of the Senate and Congressional campaigns, all sources, including citizen contributions to the Obama campaign, were about $3 billion. But the financial services industry alone (regulated or not) encompasses well over $1 trillion in reported GDP activity. Some might suggest that with campaign contributions, Wall Street and corporate lobbyists have been buying government, purchasing public policy. How much would we "bid" to get it back? Maybe public campaign financing is a good idea, eh?

Talk about a nefarious underworld: It's time for Eliot Ness to clean up the town .. or perhaps instead we could enact the Fair Elections Now Act.

~ Craig Salins, WPC

VOTE for public financing as a priority for Obama Administration…

The organization (and website) Change.org is polling for 10 top proposals to be submitted to the Obama Administration, for action to change America.

The top 10 ideas are going to be presented to the Obama Administration prior to Inauguration Day, and will be supported by a national lobbying campaign run by Change.org, MySpace, and more than a dozen leading nonprofits after the Inauguration. Partly because of media publicity and grassroots attention, each idea among the top ten will gain traction.

You can sign up on the site, and then you have up to ten votes, among several dozen ideas that have been put forward.

One of the proposals is for public financing of election campaigns. If this proposal receives enough votes to be in the "top ten", it will get significant attention and lobbying support.

Voting ends at 5 PM, on Thursday, January 15th. So act now!
Here is the proposal for public funding of campaigns.

November 20th, 2008

Justice Cannot Be For Sale!

Campaigns for supreme court must be financed by citizens - not by special interests.
In 2006, $4.5 million was spent trying to win just 3 seats for the Washington state supreme court. It's outrageous! We must change the system - so that judges are never suspected of influence by financial backers.

Read "Justice for Sale" Wall Street Journal, by James Sample, at the Brennan Center for Justice (NY University School of Law).

Let's have public funding for supreme court campaigns. Washington Public Campaigns - together with the League of Women Voters and many other organizations - is proposing a bill to the 2009 legislature, for public financing of campaigns for the state supreme court. DETAILS

We know the state faces a budget shortfall, but we cannot afford justice for sale. Together with sponsors in the Senate and House, we are proposing a modest-cost bill, that will achieve our goals: integrity for the supreme court, through public financing of campaigns.

It won't be a cakewalk, and we need all hands on deck for a grassroots movement. We must educate the public, and lobby our legislators, with a disciplined and powerful grassroots advocacy campaign. Join the movement: Become a citizen lobbyist! Write to: wpc@washclean.org, with your offers to help.

WHAT YOU CAN DO (PDF)

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U.S. Supreme Court to hear recusal case ...

In West Virginia, the state supreme court reversed a $75 judgement against a mining company that violated safety standards, leading to an accident and several deaths. The supreme court justice who cast the deciding vote in favor of the mining company refused to step down from the case, even though he had received over $3 million in bundled campaign contributions from the mine owner! Now the U.S. Supreme Court has agreed to hear an appeal to decide when judges must recuse themselves. This is an important issue, in maintaining the integrity of the courts, everywhere. Stay tuned!

New Connecticut Legislature:
81% of seats won by Clean Elections candidates

Connecticut is the only state so far to enact a program of full public financing for statewide and legislative races through legislative action (rather than through citizen initiative, as in Maine and Arizona). The legislation, approved in December, 2005, also bans contributions from lobbyists and state contractors. And now, Connecticut's initial experience has exceeded the expectations of even its most enthusiastic supporters.

In its maiden run in 2008, three-quarters of the candidates (258 of 343) ran using the CE program. And now, 81% of the new legislature consists of members who were elected under public financing for their campaigns.

Nationwide, Clean Elections candidates gain nearly 400 seats

By Adam Smith, Public Campaign: "Voters expanded Clean Elections programs in six states this week, electing nearly 400 officials to statehouses, the judiciary and statewide positions..." DETAILS

Tell Obama Transition Team: Congress needs public financing!

A new day is dawning, with a fresh change of leadership in our nation's high command.

Let us rededicate to the task of creating "a more perfect union"— where democracy means governance of, by and for the people, not the special interests.

The Transition Team for the incoming Obama Administration has a webpage to receive comments from Americans. Write to them your vision about the importance of public financing — the Fair Elections Now Act — a needed change that makes possible the needed progress on many other issues.

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October 25, 2008

Judicial Selection Conference — November 21st in Seattle

A half-day conference - "Selecting Judges in Washington: Looking Back to 2008 and Forward to 2009" - will be held Friday, November 21st, at the UW Law School. The conference features a panel discussion about recent judicial races, a presentation (by WPC) on public financing for judicial elections, and commentary on the national scene by James Sample of the Brennan Center for Justice at NYU School of Law.
Conference flier/registration form
(right-click to save file to folder)

The event is sponsored by the Judicial Section Coalition, a statewide group consisting of organizations and individuals concerned about the process for selecting judges in Washington State.

Check out VotingForJudges.org—a useful website with detail about the backgrounds and positions of judicial candidates in King County. The site is sponsored by the King County Bar Association.

Connecticut launches Clean Elections with 75% participation

Connecticut is the only state so far to enact a program of full public financing for statewide and legislative races through legislative action (rather than through citizen initiative, as in Maine and Arizona). The legislation, approved in December, 2005, also bans contributions from lobbyists and state contractors. The new law is in effect for the 2008 elections, it's maiden run.

And now, Connecticut's initial experience has exceeded the expectations of even its most enthusiastic supporters. Of the 343 candidates running in General Assembly elections, 258 - about 75 percent - are seeking public financing. NY Times: "Connecticut Hopefuls Flock to Public Financing"

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October 10, 2008

Changing the game to restore democracy:
Public campaign financing is how to get our country back.

You know what's wrong: Government is auctioned off. The high bidder wins face-time and the power to write laws! Do we need any more proof than the recent Bailout?

Special interest money continues to pollute our democracy and trump every policy decision.

Right after a taxpayer bailout, A.I.G. corporate executives, now flush with taxpayer money, took themselves on a lavish $400,000 junket retreat, spa treatments for everyone!

But these junkets are only the tip of the iceberg. The real problem is that public policy has been for sale to these private interests, and the result has been greed and corruption unparalleled in our history.

Sad to say, the media pundits are not talking about this! Instead, they keep handicapping the various campaigns like a boxing match. They're not paying attention to the deeper issues: the health of our democracy, the system by which major decisions are made.

We know better. We MUST change the rules of the game. If we want democracy to work - if we want to be the top bidder in the auction we call elections - we MUST support public financing of campaigns!

We have to change the source of the money that influences lawmaking at every level. Get the hogs out of the river, as Jim Hightower says, and put Main Street voters back in charge.

Public financing of election campaigns is a game-changer, a reform that makes all other reforms possible. Then we can get our airwaves back. Affordable health care. Sensible energy policy. Regulation of Wall Street. These become possible once we've bought back our democracy.

It won't be quick or easy - if you want a quick fix, you're in the wrong place.

But real change is possible. If enough of us raise our voice - talk with our neighbors, call our legislators - we can buy back our democracy. It's a game-changer, the only real answer. And it's essential to a future that pays more attention to Main Street than to Wall Street.

Don't be a bystander! Join the grassroots movement!
Lobby the Congress

Please support the organization working for the
change you know is necessary. Donate to WPC, now!

WPC introduction to Greg Palast event in Olympia ...

Friday, October 3rd: Our Executive Director Craig Salins was invited to make introductory comments at the public forum in Olympia with author Greg Palast, attended by at least 250 people.

Greg Palast is the investigative journalist and author of The Best Democracy Money Can Buy and Steal Back Your Vote.

If useful in your own talks to local groups, read or download the text:
Craig Salins' Comments at Greg Palast event


"No Deal" to this New Deal

David Sirota, best-selling author & columnist:
commentary on the recent "bailout"

ARIZONA: Federal judge questions "fair fight" funds...
but allows Clean Elections Act to proceed

In the wake of the Davis case, a federal judge in Arizona has ruled the provision of "fair fight" matching funds to be unconstitutional in Arizona's Clean Elections Act law - but refused to issue a temporary restraining order (TRO) stopping use of the program this year, pending appeal to a higher court. The lawsuit was brought by the Goldwater Institute, an avowed opponent of public financing of campaigns.

Goldwater Institute commentary re: Judge Roslyn Silver preliminary ruling

Court watchers predicted a challenge to these matching funds provisions, after the U.S. Supreme Court ruling against the "Millionaire's Amendment" in federal campaign law earlier this year. But advocates of public financing predict the survival of public financing AND fair fight matching funds, noting that these programs are always voluntary to candidates, and that the availability of fair fight funds is simply a program detail specifying how much public money is available to participating candidates. It does not restrict nor burden any candidate, which was the central concern in the Davis case.

Paul S. Ryan, Campaign Legal Center: CLC Commentary, "Public Financing After 'Davis' - Reports of My Death Are Greatly Exaggerated." Read article

From the Brennan Center for Justice on the U.S. Supreme Court case, Davis v. Federal Election Commission: SUMMARY HERE

CALIFORNIA News
California Secretary of State races can be publicly funded beginning in 2014, if approved by voters in 2010.

AB 583 would establish a pilot project for voluntary full public financing system for Secretary of State candidates in 2014 and 2018, if it is passed by a vote of the people on the June 2010 ballot. It is modeled after systems that have been working in Arizona and Maine for eight years and recently adopted by Connecticut and other localities. DETAILS

September 24, 2008

Fair Elections Now Act introduced in House:
From Public Campaign: This morning Congress took another big step forward towards making Fair Elections a reality. Rep. John B. Larson (D-Conn.) and Rep. Walter Jones, Jr. (R-N.C.) introduced the Fair Elections Now Act (HR 7022), the House counterpart to the Senate Fair Elections Now Act (S 1285), sponsored by Sens. Dick Durbin (D-Ill.) and Arlen Specter (R-Pa.). Details on Bills in Congress.

With this bipartisan, bicameral legislation to create a full public financing option for congressional races now on the table, we are closer than we have ever been to curbing the influence of big donors on elections.

The 2007 introduction of the Fair Elections Now Act in the Senate put us on the road to making the Clean Elections systems that have succeeded in seven states and two cities a reality in Congress. Today's bipartisan introduction of this companion legislation in the House signals the traction this policy is gaining on Capitol Hill, where even long term incumbents are tired of relentless fundraising and eager for a change.

The need for this legislation has become crystal clear this week as Congress debates a $700 billion bailout for the financiers of Wall Street, the industry that has spent $5 billion, more than any other, to influence policy on Capitol Hill. This Fair Elections bill will remove the power of the big money crowd and return Congress to the voters.
~ Nick Nyhart, Public Campaign

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September 22, 2008

BAILOUT: Who's Buying?
Is Wall Street for sale to the government - or vice versa?

Some Wall Street vultures would make Al Capone blush! Is there no opportunity too self-serving even for them?

It's not enough that ordinary folk are asked to bail out speculators who along the way made millions in the casino-like atmosphere of Wall Street - at a taxpayer cost of perhaps $700 billion to $1 trillion (easily $2,000 for every man, woman and child in America).

Now Wall Street's primary lobbying group - the Securities Industry and Financial Markets Association - is lobbying Congress so that huge fees can be earned for assisting with the bailout! New York Times, 9-22-08

Will any of these funds find their way into campaign coffers?

Money is choking our democracy to death!

The proposed bailout law is shocking in its breadth and scope - nearly unlimited power and authority given to the Treasury Secretary - a political appointee. The proposal even forbids review of Treasury Secretary decisions by any court or administrative agency.

"Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency." (Section 8 - as proposed)

Read the 3-page text of the Bush-Paulson proposal

For an alternate view of what Congress could do - read the four principles / proposal by U.S. Senator Bernie Sanders.

We need to insist on fundamental campaign finance reform - so that lawmakers can resist the threats and lobbying pressure of huge private special financial interests.

Public financing of campaigns for Congress - if only a beginning - is an essential first step to stop the auction of lawmaking to the highest bidder, the wealthiest donor or lobbyist.

Raise your voice and insist on change!

Call and write to Senators Patty Murray, Maria Cantwell, and your member of Congress. In your own words, tell them, "Support the Fair Elections Now Act, S.1285, so that you can resist pressure by special interest lobbyists and financial speculators."

Email and phone numbers to contact Congress

Summary of the Fair Elections Now Act
[ http://www.washclean.org/ ]

P.S. Please send us a few bucks, so we can continue public education on this issue and organizing for change. Contribute Online, or mail a check to:
Washington Public Campaigns, P.O. Box 70452, Seattle, WA 98127-0452

Thanks! ~ Craig Salins

September 7, 2008

No surprise! Bailouts are driven by lobbying cash - just one more reason why we need public financing of Congressional campaigns. Take a read ...

Mortgage Giants Rescue Plan: Cost Unknown
When will it stop? First, unscrupulous lenders and real estate brokers, driven by fat fees, take advantage of subprime loan rates. But now, hundreds of thousands of families are being forced out of their homes when the ARMs re-adjust. Meanwhile, the big boys at the top have raked in unconscionable compensation: Daniel H Mudd, President and CEO, Fannie Mae: $19.2 million. Richard F. Syron, Chairman and CEO, Freddie Mac: $19.8 million.

And now, the federal Treasury (meaning: taxpayers) will foot the cost of the bailout. Again. Remember the Lincoln Savings fiasco?

Government should not be for sale to business interests, greedily wanting a lucrative deal! But with private financing of election campaigns, public policy is up for auction. Through "artful" lobbying and campaign contributions, the special interests get what they want, and ordinary Americans pay the bill. It costs us in prices higher than necessary - for gas, groceries, school tuition and health care - and in misplaced national priorities, favoring Wall Street and Pentagon contractors instead of the security found in healthy families, well-educated and earning living wages.
We don't have to take this! But it won't change so long as Congressional campaigns are privately financed. That's why we have to speak up and urge action on bills in Congress: the Fair Elections Now Act (Senate Bill1285) and the Clean Money, Clean Elections Act (House Bill 1614).
Keep up the pressure! Contact Senators Cantwell and Murray, and your member of Congress, until they agree to co-sponsor these bills in Congress and work for enactment.

In Washington State, a corporate takeover fight, greased by money
Puget Sound Energy wants a merger with the Macquarie Group, an international banking and investment firm, in a deal that would leave PSE as a privately-held company - and pay millions in fees and bonuses to executives and financiers. News story here

Simultaneously, PSE is asking for a nearly 10% rate increase to ratepayers.

The merger proposal needs approval by the State Utilities and Transportation Commission, whose staff public counsel has recommended against the takeover. Lawmakers and public officials have been mostly silent on the deal so far, perhaps worried about campaign support. For years the company has spread campaign contributions like candy to local candidates and around Olympia, all sides of the aisle - never enough to buy a vote, but enough to buy access and face-time, and perhaps silence.

Public financing of campaigns eliminates even the appearance of influence-peddling. ~ Craig

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