Latest / Stuff You Should Know / How Dark Money Works
Transcript
- 0:01Speaker 1: Welcome to you. Stuff you should know from House Stuff
- 0:04Speaker 1: Works dot com. Bush and Duccas on crime. Bush supports
- 0:14Speaker 1: the death penalty for first degree murderers. Du Concas not
- 0:17Speaker 1: only opposes the death penalty, he allowed first degree murderers
- 0:20Speaker 1: to have weekend passes from prison. One was Willie Horton,
- 0:24Speaker 1: who murdered a boy and a robbery, stabbing him nineteen times.
- 0:27Speaker 1: Despite a life sentence, Horton received ten weekend passes from prison.
- 0:32Speaker 1: Horton fled, kidnapped a young couple, stabbing the man and
- 0:35Speaker 1: repeatedly raping his girlfriend. Weekend prison passes. Ducacas on crime,
- 0:41Speaker 1: Hey and welten to the podcast. I'm Josh Clark, there's
- 0:43Speaker 1: Charles to Be, Chuck Bryant, there's Jerry over there. And
- 0:46Speaker 1: what you've just heard was something we brought back with
- 0:50Speaker 1: us from via the way back machine. An attack ad.
- 0:56Speaker 1: The attack AD from the election between George Trebert Walker
- 1:00Speaker 1: Bush and one Michael du Caucus and Uh. That ad
- 1:06Speaker 1: is widely credited as turning the tide against du Caucus's campaign,
- 1:10Speaker 1: which was doing pretty good at the time. Well, some
- 1:14Speaker 1: people say so, other people say depends on who you asked.
- 1:18Speaker 1: Always dissent that's politics. As it turns out, there's always
- 1:21Speaker 1: more than one opinion. But the reason we bring up
- 1:24Speaker 1: this ad which UM first aired on September twenty one, nineteen. Yes, UM,
- 1:32Speaker 1: it's called weekend Passes for obvious reasons, and it was
- 1:36Speaker 1: UM funded by something called the National Security Political Action
- 1:40Speaker 1: Committee And n s PACK was a non affiliated pro
- 1:46Speaker 1: Bush political action committee that was aimed at sinking du
- 1:52Speaker 1: Caucus and getting Bush elected. Yeah. I think one of
- 1:55Speaker 1: Bush's uh maybe it was his chief campaign guy said
- 2:00Speaker 1: by the time we're done, people are gonna think Willie
- 2:03Speaker 1: Horton is du Caucus is running mate. And it worked too.
- 2:08Speaker 1: I mean, like still, if if you say the name
- 2:11Speaker 1: Willie Horton, people of a certain age e g. R
- 2:14Speaker 1: age can still say, oh I know who that is. Yeah. Well, quickly,
- 2:18Speaker 1: the story of Willie Horton is he was he was
- 2:20Speaker 1: in prison for murder, was furloughed as part of the
- 2:24Speaker 1: UH for a weekend as part of the Massachusetts furlough
- 2:29Speaker 1: program that was UM in effect at the time, and
- 2:32Speaker 1: he raped and killed somebody on this weekend pass on
- 2:35Speaker 1: the weekend pass, which was a big sign that it
- 2:38Speaker 1: may not be a good idea to furlow murders. I
- 2:43Speaker 1: guess they needed to test it out to find out
- 2:45Speaker 1: one way or another. But yeah, that pretty much closed
- 2:48Speaker 1: the book on it. And the thing was the Bush
- 2:50Speaker 1: campaign linked du Caucus is well, du Caucus himself with
- 2:54Speaker 1: the weekend passes and insinuated that he had come up
- 2:58Speaker 1: with this and that he was in support of it. Well,
- 3:01Speaker 1: he wasn't support of it. He didn't come up with
- 3:03Speaker 1: it though. Yeah, he inherited it from his Republican predecessor,
- 3:06Speaker 1: I believe. Yeah, it actually started in nine two, uh
- 3:09Speaker 1: with a Republican governor governor of Massachusetts, which apparently things
- 3:14Speaker 1: have been going fine up until then until Willie Horton
- 3:17Speaker 1: came along. Yeah, it kind of had a weird uh
- 3:19Speaker 1: along and winding road. Um. The initial program excluded first
- 3:25Speaker 1: degree murderers, and then the Supreme Court said, no, the
- 3:30Speaker 1: law doesn't specifically say that, so you can't exclude first
- 3:33Speaker 1: degree murders. So the legislature said, well, we gotta put
- 3:36Speaker 1: a stop to this, and we can't let first agree
- 3:38Speaker 1: murderers out on leave, and Ducacus vetoed that. So he
- 3:42Speaker 1: did support it until he decided to run for president,
- 3:45Speaker 1: and that's when he said let's get this off. So
- 3:50Speaker 1: the n speck ad was very um widely criticized. It
- 3:54Speaker 1: was criticized as being misleading, It was criticized as fostering
- 3:58Speaker 1: racist attitudes. Um. And but it still worked. A lot
- 4:04Speaker 1: of people say, and I understand some people say, no,
- 4:07Speaker 1: a lot of people say, this did work. So people
- 4:09Speaker 1: say it was the tank gride remember that. Oh I
- 4:12Speaker 1: forgot about this road around that tank. Yeah, I totally
- 4:15Speaker 1: forgot about that. He was off the rails there for
- 4:17Speaker 1: a little bit. Um. But the the thing is is
- 4:21Speaker 1: George Bush's campaign I was able to say, hey, this
- 4:25Speaker 1: had nothing to do with us, blame an s pack.
- 4:28Speaker 1: So it still worked in George Bush's favor. But George
- 4:32Speaker 1: Bush got to got to say, this had nothing to
- 4:34Speaker 1: do with me. Remodel it. That was Clinton. I just did. Um.
- 4:40Speaker 1: It was. It was pretty dead on Clinton. Really, it's
- 4:43Speaker 1: called a political matchup. Um. And the whole way that
- 4:46Speaker 1: this pack was was funded was with what's called dark money. Yeah.
- 4:51Speaker 1: We should uh, we should just title this one how
- 4:54Speaker 1: to Exploit a Loophole in America. Yeah, and the Supreme
- 5:00Speaker 1: Court really screwed things up. Yeah. Or if you don't
- 5:05Speaker 1: like Josh and chuck talking politics. Turn it off now,
- 5:08Speaker 1: but we're taking down the system. Yeah. Yeah, here's the thing, man,
- 5:13Speaker 1: Billionaires controlling who gets elected in the United States is
- 5:18Speaker 1: not a conservative or liberal issue. We're all being screwed
- 5:22Speaker 1: over equally. Here everyone, I got a stat for you,
- 5:26Speaker 1: and then we'll get right into it. This will shake
- 5:28Speaker 1: you to the core. Uh. Since two thousand ten of
- 5:31Speaker 1: the one billion dollars spent in federal elections by superpacks,
- 5:36Speaker 1: almost sixty of that money came from one hundred and
- 5:40Speaker 1: ninety five people and their spouses one hundred and nine
- 5:45Speaker 1: people of campaign of superpack spending. And as as it
- 5:51Speaker 1: is crazy, but it's not that surprising if you really
- 5:53Speaker 1: step back and look at what's been going on the
- 5:55Speaker 1: last decade or so. And that's what people I mean,
- 5:57Speaker 1: some people say like spending tons of money on a
- 6:00Speaker 1: elections isn't bad. It's the fact that people are the
- 6:03Speaker 1: ones doing the majority of the spending that it's not right.
- 6:08Speaker 1: And the the that's a billion dollars spent by super
- 6:12Speaker 1: packs or political action committees, and super packs up until
- 6:15Speaker 1: recently had to disclose um who donated money to him.
- 6:21Speaker 1: So this is just the money that's traceable, and what
- 6:24Speaker 1: we're talking about is the money that's not traceable here.
- 6:27Speaker 1: So we're gonna go back a little bit um in
- 6:30Speaker 1: the way back machine, back to the early twentieth century
- 6:38Speaker 1: once again. Yeah, and um, we're gonna talk about money
- 6:43Speaker 1: in politics. There's this really good Mother Jones article called
- 6:46Speaker 1: Follow the Dark Money, and it gives a bit of
- 6:49Speaker 1: a history of politics and money. Uh and says Congress
- 6:53Speaker 1: is always reacting to some sort of money scandal, but
- 6:57Speaker 1: there's this long history and tradition of knowing who is
- 7:02Speaker 1: funding campaigns transparency in America. Yeah, and it started with
- 7:07Speaker 1: Teddy Roosevelt. Teddy Roosevelt ran as a trust buster. He
- 7:09Speaker 1: was against the big corporations that controlled so much in
- 7:13Speaker 1: the robber barons, but he was also simultaneously secretly going
- 7:17Speaker 1: to these same corporations and robber barons and getting secret
- 7:20Speaker 1: funding for his campaigns. Yes, one tycoon said Teddy Roosevelt
- 7:25Speaker 1: got down on his knees for us. That's not the
- 7:28Speaker 1: normal description of Teddy Roosevelt. And as far as corporations
- 7:33Speaker 1: are concerned, not the public image of him. Teddy Roosevelt,
- 7:36Speaker 1: you wouldn't think got on his knees for anybody. So
- 7:38Speaker 1: as a result, after Roosevelt was elected, he actually did
- 7:41Speaker 1: something about it. He signed into law the Tilman Act
- 7:44Speaker 1: that prevented it. Outlawed corporations from directly contributing to candidates.
- 7:50Speaker 1: That's illegal, still is today. It is. That's why we
- 7:54Speaker 1: need loopholes. Watergate came along in uh the I think
- 7:57Speaker 1: the nineteen seventy four, nineteen yeah, nine seventy two election
- 8:02Speaker 1: when Nixon was running for UM office. He um, okay,
- 8:09Speaker 1: he accepted twenty million dollars in nineteen seventy two money
- 8:15Speaker 1: UM in secret political contributions. And we're talking like delivered
- 8:20Speaker 1: in cash and checks in briefcases by couriers who were
- 8:24Speaker 1: flying private jets from Texas to d C. For Pete's sake. Yeah,
- 8:27Speaker 1: and his personal attorney when Herbert Kombach Uh, he was
- 8:32Speaker 1: the deputy finance chair for the Committee for re Election
- 8:34Speaker 1: for President, he destroyed this evidence and went to prison
- 8:37Speaker 1: for it. So it was a real thing that happened.
- 8:40Speaker 1: What's crazy is their their Political Action Committee was the
- 8:44Speaker 1: Committee to re Elect the President and the acronym was Creep.
- 8:48Speaker 1: They called themselves creep and they were trying to reelect Nixon.
- 8:52Speaker 1: Funny I mean, come on, it's a little on the nose.
- 8:54Speaker 1: Don't you think maybe it was lost on them? So um,
- 8:57Speaker 1: you fast forward and you just say, okay, guys, let's
- 9:00Speaker 1: bashing Teddy Roosevelt and Richard Nixon. How about some some
- 9:03Speaker 1: Democrats in there. And uh, Bill Clinton was a really
- 9:08Speaker 1: good example of that as well. Yeah, you want to
- 9:10Speaker 1: go jogging with Bill, I want to play a little
- 9:12Speaker 1: golf six figure check. Please. Access to the president or
- 9:16Speaker 1: even somebody who's running for the presidency is not supposed
- 9:20Speaker 1: to be purchasable. You or you or I. We can't
- 9:25Speaker 1: do that. We don't have access to the president because
- 9:27Speaker 1: we don't have that much money. So it's just simply
- 9:29Speaker 1: not fair for somebody who does have that much money
- 9:32Speaker 1: to have that much more access to the president or
- 9:35Speaker 1: somebody running for the president. So over the years have
- 9:38Speaker 1: been scandal and then uh some sort of change to
- 9:42Speaker 1: campaign finance laws. But there's been this through thread over
- 9:46Speaker 1: the twentieth century that America has said, we want to
- 9:50Speaker 1: know who is giving money to uh two candidates. We
- 9:55Speaker 1: want to know who they're indebted to when they win. Yeah,
- 9:58Speaker 1: but there's also a been at the head of every
- 10:00Speaker 1: time law comes into action. There is a loophole that
- 10:05Speaker 1: is invariably found that can get around that, created by
- 10:08Speaker 1: the same politicians who passed the Act to begin with,
- 10:12Speaker 1: because it's a game. They really upsetting if you think
- 10:15Speaker 1: about it. Oh, it's very upsetting. I'm I'm really doing
- 10:18Speaker 1: a good job here staying calm. Well, you have a
- 10:21Speaker 1: vein in your forehead that's pulsing. I can see it is.
- 10:24Speaker 1: There's this blood spurting out of it. So um chuck.
- 10:29Speaker 1: There's a there's another thread to um to all of this.
- 10:32Speaker 1: It's semi political, and that is the tax code. Right,
- 10:36Speaker 1: So if you go look at the tax code after,
- 10:40Speaker 1: you're going to see something called the five oh one
- 10:43Speaker 1: C four organization called a social welfare organization, or you
- 10:49Speaker 1: can also be a local association of employees and be
- 10:52Speaker 1: a five one four Those are also known as unions. Right,
- 10:56Speaker 1: And as of nineteen thirteen the Underwood terrorf Act, which
- 10:58Speaker 1: brought back in taxes, five oh one four organizations are
- 11:05Speaker 1: nonprofits that are tax exempt, right, Yeah, and they can
- 11:10Speaker 1: accept donations. But because of this uh there five oh
- 11:14Speaker 1: one C four status, they don't have to reveal who
- 11:16Speaker 1: their donors are, right, which wouldn't seem like a big
- 11:19Speaker 1: problem because all nonprofits are are people trying to save
- 11:23Speaker 1: animals and save the rainforest. Right, social welfare. One. Sure,
- 11:26Speaker 1: so you want to just donate your money and I
- 11:28Speaker 1: want it to be anonymous and it's no big deal.
- 11:31Speaker 1: But that is not always the case. Um. By the
- 11:35Speaker 1: well late nineteen fifty nine, early nineteen sixties, the government
- 11:39Speaker 1: realized that politics and uh five oh one see where
- 11:44Speaker 1: they five one c fours at that time, Okay, um,
- 11:48Speaker 1: they were intertwined. Uh, there was nothing they could do
- 11:50Speaker 1: about it, and so they started loosening rules. In a
- 11:53Speaker 1: nineteen eight one they said, you know what, you can
- 11:56Speaker 1: be politically engaged as long as it's under the banner
- 12:00Speaker 1: of the promotion of quote social welfare, or that the
- 12:05Speaker 1: work you're doing is primarily social welfare. And the way
- 12:09Speaker 1: that that translated as far as the I R S,
- 12:11Speaker 1: who you know, um enforces the tax code. As far
- 12:14Speaker 1: as the I R S was concerned, it was if
- 12:17Speaker 1: fifty one of your funds are spent on social welfare,
- 12:22Speaker 1: you can spend up to forty on political stuff. Yeah,
- 12:25Speaker 1: And the I R S had to fight for that
- 12:27Speaker 1: designation because previously it just said primarily which is such
- 12:31Speaker 1: a loose uh word. You know, they said, you know,
- 12:34Speaker 1: we what does this really mean? Right? And so that
- 12:37Speaker 1: they just through I think they released an interpretation a
- 12:40Speaker 1: rule that said this is what primarily means nine And
- 12:44Speaker 1: that was the rule from one on basically, um and so, okay,
- 12:48Speaker 1: you've got five ohen C. Four is they're hanging out
- 12:51Speaker 1: there over there, they're doing their own thing. Nobody's paying
- 12:53Speaker 1: too much attention to them. Uh. And then two ten
- 12:56Speaker 1: rolls along, and there was a lawsuit that had made
- 12:59Speaker 1: its way through the lower courts up to the Supreme Court,
- 13:02Speaker 1: and it was called Citizens United versus the Federal Election Committee.
- 13:06Speaker 1: It sounds so boring that I hazard to say that
- 13:11Speaker 1: Americans have never even heard of it. And it's and
- 13:14Speaker 1: it may be one of the most influential Supreme Court
- 13:16Speaker 1: rulings in the history of this country. But it just
- 13:20Speaker 1: listened to it. Citizens United versus the FEC Snooze. So
- 13:24Speaker 1: Citizens United was a m a political action committee and uh, well,
- 13:30Speaker 1: I think it still is as a matter of fact.
- 13:32Speaker 1: And Citizens United was spending money on advertisements for a
- 13:40Speaker 1: video on demand movie that was basically um a attack
- 13:46Speaker 1: ad one giant attack ad on Hillary Clinton. I thought
- 13:49Speaker 1: you're gonna say it was one of those Kirk Camera
- 13:50Speaker 1: in movies. I think it was similar. He had a
- 13:54Speaker 1: cameo I think, right, and so in this movie, um,
- 13:58Speaker 1: like the Citizens United didn't. I don't believe they funded
- 14:01Speaker 1: the movie Your Finance if, but they were. They were
- 14:04Speaker 1: running ads about it, and they were running ads within
- 14:07Speaker 1: I think thirty days of the election, no, sixty days
- 14:11Speaker 1: of the prime no, sorry, thirty days of a primary election,
- 14:14Speaker 1: which under the McCain Fine Goal of Act, which is
- 14:17Speaker 1: a campaign finance Reform Act that came along in two
- 14:20Speaker 1: do to um, you're not allowed to do And Citizens
- 14:24Speaker 1: United said, you know what, why wouldn't we be allowed
- 14:26Speaker 1: to do? This is political speech. Um, We're going to
- 14:29Speaker 1: sue the Federal Elections Commission, And they did, and the
- 14:32Speaker 1: Supreme Court ruled on it, and the Supreme Court in
- 14:35Speaker 1: Citizens United ruled in favor of Citizens United. But then
- 14:39Speaker 1: they released one of the most sweeping explanations of what
- 14:44Speaker 1: they'd ruled that just completely changed the face of American
- 14:48Speaker 1: politics from that point on. It said, it's open season.
- 14:53Speaker 1: Bring in as much money as you want uh into
- 14:58Speaker 1: the American political system, because we are opening the floodgates
- 15:03Speaker 1: as wide as they can go. Yeah, what they basically
- 15:05Speaker 1: did was they equated speech with money. And they said,
- 15:10Speaker 1: basically they took the term money talks to the reaches
- 15:14Speaker 1: that we can't even comprehend that you can make huge
- 15:17Speaker 1: donations and that is a political statement. That is, your
- 15:20Speaker 1: speech is a corporation, and you are protected because corporations
- 15:23Speaker 1: are individuals. Right, So, so that's exactly what they did.
- 15:27Speaker 1: They said, spending money on political campaigns, any political contribution
- 15:32Speaker 1: is a form of political speech. Speech is protected under
- 15:34Speaker 1: the First Amendment, but the speech of individuals is protected. Well.
- 15:39Speaker 1: Corporations are considered artificial people, so therefore they should have
- 15:43Speaker 1: that same thing extended to them, right, And so that
- 15:47Speaker 1: the ruling was that you can spend as much as
- 15:52Speaker 1: you want as long as it doesn't go directly to
- 15:54Speaker 1: a candidate. And um, you can also now that since
- 15:59Speaker 1: there's five four's, you can funnel as much money as
- 16:02Speaker 1: you want two or five O four and remain an
- 16:05Speaker 1: anonymous donor. Yeah. And the problem, well, there are a
- 16:08Speaker 1: lot of problems. One of the biggest problems is is
- 16:12Speaker 1: these corporations are spending tons and tons, millions and millions
- 16:15Speaker 1: of dollars. The court essentially said, uh, Joe Schmo on
- 16:19Speaker 1: the street donating ten dollars to a campaign is the
- 16:22Speaker 1: same thing as a corporation donating hundred thousand dollars to
- 16:25Speaker 1: a campaign, because they're both individuals. So it created this
- 16:29Speaker 1: huge loophole. And I think the Supreme Court they were
- 16:32Speaker 1: relying on was uh that these groups would be independent
- 16:37Speaker 1: of the candidates. And that's not only not how it
- 16:39Speaker 1: worked out. That was the plan all along. It was
- 16:42Speaker 1: extremely naive, the ruling was. And if you look at
- 16:45Speaker 1: naive or was it, I don't know, but if you
- 16:47Speaker 1: look at the I have the same questions. You know,
- 16:50Speaker 1: a lot of people do the the If you look
- 16:52Speaker 1: at the ruling though, there's a section on transparency where
- 16:56Speaker 1: they say, with the Supreme Court uphold the constitutionality of
- 17:00Speaker 1: requiring transparency in campaign finance eight to one, which is
- 17:06Speaker 1: like they're the only person descending was Clarence Thomas, and
- 17:09Speaker 1: it was like, yes, we're saying you need to be transparent,
- 17:13Speaker 1: and they said, okay, well, then transparency is going to
- 17:15Speaker 1: come through people demanding the corporations that they own stock
- 17:19Speaker 1: in to release what what political donations they've done. That
- 17:23Speaker 1: makes total sense. If you have stock in the company,
- 17:26Speaker 1: if your life's fortune is invested in a corporation, you
- 17:30Speaker 1: should know who are they're who they're giving their money to. Okay,
- 17:33Speaker 1: so that's one way. And they also said, well, the
- 17:35Speaker 1: Federal Elections Commission, they've got their job to do, the
- 17:38Speaker 1: I R S, the SEC. There's all these regulatory agencies
- 17:42Speaker 1: that are tasked with keeping transparency in the political process,
- 17:47Speaker 1: and um, we're we're just going to rely on them.
- 17:50Speaker 1: And as we're about to see after this break, relying
- 17:53Speaker 1: on that was an enormous mistake. Foolhardy. All all right,
- 18:15Speaker 1: we're back boy. We're getting riled up today. I'm remaining calm.
- 18:19Speaker 1: Still up election season. So the Supreme Court said, guys,
- 18:24Speaker 1: spend as much money as you want, spend it anonymously
- 18:27Speaker 1: if you want. Um, the only thing that remains illegal
- 18:31Speaker 1: is UH corporations contributing directly to candidates, right, which, once
- 18:37Speaker 1: you have these loopholes, who cares, you don't need to anymore. Right. Plus, also,
- 18:41Speaker 1: don't even worry about the mega donors donating directly to
- 18:44Speaker 1: candidates because you, um, there's there's requirements for reporting, there's
- 18:50Speaker 1: transparency requirements. If you under McCain. Fine gold. If you
- 18:55Speaker 1: contribute a thousand dollars or more to a candidate or
- 18:59Speaker 1: a pack that has to report donors, um, you have
- 19:02Speaker 1: to report it. Somebody's got to report it. Sure there's transparency, right,
- 19:06Speaker 1: the Federal Elections Commission, the i R S, all these
- 19:09Speaker 1: guys are tasked with making sure that happened. So we're fine.
- 19:12Speaker 1: Supreme Court went home and took a giant NAT together
- 19:16Speaker 1: on their enormous nine person bed. UH. And here's one
- 19:21Speaker 1: of the other big problems is a lot of this
- 19:22Speaker 1: money goes toward UH campaign ads, television ads, which have
- 19:27Speaker 1: a lot of sway um nine out of ten and
- 19:31Speaker 1: people have studied this. The uh Annenberg Public Policy Center
- 19:35Speaker 1: UH determined that in the two thousand twelve campaign cycle,
- 19:38Speaker 1: nine out of ten ads UH funded by dark money
- 19:42Speaker 1: were negative. So that's why you see those negative ads.
- 19:44Speaker 1: And not only that, but twenty of those were misleading.
- 19:48Speaker 1: And there's no accountability. So they're being funded anonymously and
- 19:52Speaker 1: there's no fact checker. They don't have to run it
- 19:55Speaker 1: by anybody to get approval and say, well, this is
- 19:57Speaker 1: all true, it's not misleading at all. So you could
- 20:00Speaker 1: basically say whatever you want the ad runs, it's anonymously funded,
- 20:04Speaker 1: and someone's campaign is destroyed in the process. So the
- 20:07Speaker 1: point is, as long as the candidate is not coordinating
- 20:11Speaker 1: with the political action committee, the superpacker, the five oh
- 20:14Speaker 1: one CE four, then it's all kosher. It's all illegal coordinating,
- 20:18Speaker 1: meaning like so blatantly like come on, it's still going on.
- 20:23Speaker 1: So every every election season as it starts to kick off,
- 20:26Speaker 1: you'll you'll see on the news like Ted Cruz or
- 20:30Speaker 1: Bernie Sanders or whoever just released of an eerie twelve
- 20:34Speaker 1: hour tape of them doing different things with no soundtrack whatsoever.
- 20:40Speaker 1: And and the whole thing is they they'll release a
- 20:44Speaker 1: real and it's them hanging out with their mom, them
- 20:46Speaker 1: writing a tractor, them like standing on like a mountain
- 20:50Speaker 1: looking as the sun comes up, with their foot on
- 20:52Speaker 1: the head of a small child. Sure, they're like there,
- 20:54Speaker 1: and it's just that there's no sound to it whatsoever.
- 20:57Speaker 1: And they just put it out there. I'm just putting
- 20:59Speaker 1: it out there, and then anybody wants to use it
- 21:01Speaker 1: can do whatever they want with it. And then the
- 21:03Speaker 1: political action committees, the super from the come along use
- 21:07Speaker 1: that footage to make their ads in support of the candidate.
- 21:11Speaker 1: I kind of wondered. I was like, how are they
- 21:12Speaker 1: getting this footage anyway? If they can't be directed putting
- 21:15Speaker 1: it out there? I had no idea. Yeah, it's pretty
- 21:18Speaker 1: cynical really if you think about it, the idea that
- 21:20Speaker 1: they're not coordinating in any way, shape or form. They're
- 21:23Speaker 1: just putting all this footage out there. And and again,
- 21:26Speaker 1: guys like if you're getting riled up if you're a
- 21:28Speaker 1: Republican when we say they like the Democrats do this too,
- 21:32Speaker 1: But it's really disingenuous to say that all parties are
- 21:36Speaker 1: equally equally at fault here for using dark money, because again,
- 21:42Speaker 1: studies show that if you quantify the amount of money
- 21:45Speaker 1: spent by the GOP and by the Democrats, the GOP
- 21:49Speaker 1: has outspent the Democrats mind boggling anything to sevent Yes.
- 21:57Speaker 1: As far as using dark money goes, it's it's definitely
- 22:00Speaker 1: not a like. The Democrats do it, for sure, and
- 22:04Speaker 1: they sometimes do it cynically. I wade about a a
- 22:07Speaker 1: dark money committee that released an ad in favor of
- 22:12Speaker 1: Harry Reid lambasting dark money. That's pretty cynical as well. Yeah,
- 22:18Speaker 1: so both sides do it. The Republicans just do it way,
- 22:20Speaker 1: way more. Yeah. And I think Hillary Clinton has come
- 22:23Speaker 1: under fire for her reliance on super packs being attacked
- 22:27Speaker 1: by Bernie of course, who's like, I don't want any
- 22:30Speaker 1: part of that stuff. Um, although there are some super
- 22:33Speaker 1: packs for Bernie, but I think he's disavowed them. Maybe. Yeah,
- 22:37Speaker 1: you have to look at George Bush disavowed the weekend
- 22:39Speaker 1: passed his ad to you still benefit from it. It's
- 22:42Speaker 1: not like he's like, guys, you have to stop. Well
- 22:46Speaker 1: that was my Bernie standards. No, that was your Larry
- 22:49Speaker 1: David right. Oh wait, same guy. Uh. Leading up to
- 22:54Speaker 1: the primaries here in New Hampshire and Iowa not too
- 22:57Speaker 1: long ago, Bernie came under fire from Hillary because there's
- 23:01Speaker 1: a group called Friends of the Earth Action. Uh there
- 23:05Speaker 1: are five oh one c four and um they are
- 23:09Speaker 1: in strong support of Bernie. And she's like, hey, dude,
- 23:12Speaker 1: you're getting dark money too from this outfit. Uh. Friends
- 23:15Speaker 1: of Earth Action said, Hey, first of all, we've been
- 23:19Speaker 1: around since early seventies. We've been around long before dark
- 23:22Speaker 1: money has been around. Uh, that's not what we are.
- 23:25Speaker 1: We are mainly small donor based. Um, do not compare
- 23:29Speaker 1: us to these corporations. Uh, and you know they have
- 23:33Speaker 1: a point in a lot of ways. You can't compare
- 23:35Speaker 1: Friends of Earth action to the Koch brothers. UM. But
- 23:39Speaker 1: I think Hillary was just trying to get in some like, hey,
- 23:42Speaker 1: you're not completely clean either, Right, It's true. And the
- 23:46Speaker 1: Koch brothers is good that you mentioned them because they
- 23:48Speaker 1: are basically the poster boys for dark money contributions. Right,
- 23:52Speaker 1: Americans for Prosperity spent thirty six million dollars and that's
- 23:56Speaker 1: their group right in twelve, UM, and they actually got
- 24:01Speaker 1: outspent by other groups like Karl Rove created UM Crossroads
- 24:05Speaker 1: GPS and that are so dumb. They spent seventy one
- 24:09Speaker 1: million in two thousand twelve. But the Koch Brothers in
- 24:12Speaker 1: particular have pledged nine hundred million dollars for the two
- 24:16Speaker 1: thousand and sixteen cycle. That's how much they're going to
- 24:19Speaker 1: spend on the two thousand and sixteen cycle. And UM,
- 24:22Speaker 1: if you read up on those guys and their dark
- 24:24Speaker 1: money contributions UM or just their general political contributions, they've
- 24:30Speaker 1: definitely amassed a lot of friends in state legislatures, in
- 24:34Speaker 1: the Senate, in the in the the UM, the House,
- 24:38Speaker 1: and the one that's left is the presidency, and they're
- 24:41Speaker 1: spending a tremendous amount of money making friends with whoever
- 24:44Speaker 1: is going to become president. All right, so let's talk
- 24:47Speaker 1: for a second about does money when you in election?
- 24:50Speaker 1: Because that's really what's it the route here? If money
- 24:53Speaker 1: doesn't win the elections? And who cares? I take issue
- 24:55Speaker 1: with that, but go ahead? What what was the issue? Well,
- 24:59Speaker 1: the issue is like in this article, the author says,
- 25:02Speaker 1: you know a lot of people raise a lot of
- 25:04Speaker 1: money and flame out, they don't make it even to
- 25:07Speaker 1: the primary. Look at Jeb Bush. Yeah he I think
- 25:10Speaker 1: he raised a hundred and three million through super PACs alone. Yeah,
- 25:13Speaker 1: and and just burned right through it, didn't get anywhere
- 25:16Speaker 1: with it. But that's a disingenuous that's a straw argument
- 25:20Speaker 1: because it's it's saying like, yeah, you can raise all
- 25:22Speaker 1: the money you want and you're still not gonna win.
- 25:24Speaker 1: The thing is somebody's gonna win, and the people that
- 25:27Speaker 1: help them win through these huge donations, they're gonna be
- 25:30Speaker 1: indebted to those people. Well, I'll help you out even further,
- 25:33Speaker 1: my friend. Uh. People that say you can spend a
- 25:36Speaker 1: ton of money and still not win. Who he or
- 25:39Speaker 1: she who spends the most money almost always wins. Yeah, yeah,
- 25:45Speaker 1: not sort of. Yeah. Nine out of ten uh in
- 25:48Speaker 1: the House and eight out of ten in the Senate. Uh,
- 25:51Speaker 1: winners are the people who spent the most money. Yeah,
- 25:53Speaker 1: eight two. So you can't ignore that. If you raise
- 25:58Speaker 1: the most money, you have an eight or nine out,
- 26:00Speaker 1: it's a chance of winning. So money is buying elections,
- 26:05Speaker 1: it is. And then people say, well, if these are
- 26:08Speaker 1: as long as the packs and the super packs in
- 26:11Speaker 1: the five and one C four is all stay separate
- 26:13Speaker 1: from the candidate, then and there's no coordination and there's
- 26:17Speaker 1: no crossover whatever, then the candidates not indebted to these
- 26:20Speaker 1: people who gave nine million dollars to their campaign. Um,
- 26:25Speaker 1: which is just the most ridiculous assertion you can possibly
- 26:29Speaker 1: think of. And I really I read this this um.
- 26:32Speaker 1: I think it was a Bloomberg article or U S News,
- 26:35Speaker 1: I can't remember. And it basically explained it how you're
- 26:40Speaker 1: indebted to these people. It's not necessarily nefarius, although I'm
- 26:44Speaker 1: quite sure there is a tremendous amount of nefarious nous
- 26:47Speaker 1: out there. But even if you remove the nefarious angle, right,
- 26:52Speaker 1: if you are a presidential candidate, and you're moving and shaken. Yeah,
- 26:57Speaker 1: you're going to like the local diner and somewhere in
- 26:59Speaker 1: like Rhode I Land or whatever and shaking hands or whatever.
- 27:02Speaker 1: But the people you're really interacting with that you see
- 27:06Speaker 1: over and over again at the same fundraisers. Those are
- 27:09Speaker 1: the mega donors. You don't see the dude who's sitting
- 27:12Speaker 1: at the diner asking you a question more than that
- 27:14Speaker 1: one time at that one dime you you you do
- 27:19Speaker 1: see the same mega donors time after time after time
- 27:22Speaker 1: after time. So the very at least they have your ear,
- 27:25Speaker 1: and even if they don't have your ear, they become
- 27:29Speaker 1: who you think of when you think of your electorate,
- 27:31Speaker 1: These people who you saw time and time and time again,
- 27:34Speaker 1: who contributed money after money after money. So even if
- 27:37Speaker 1: you're not saying, yeah, give me some money and I'll
- 27:40Speaker 1: make your your legal troubles go away with the I
- 27:43Speaker 1: R S, even if it's not quid pro quo like that,
- 27:46Speaker 1: there's still a mentality that crops up where if you're
- 27:50Speaker 1: exposed to these people who are giving you tons of
- 27:52Speaker 1: cash to get you elected, you're going to equate their
- 27:56Speaker 1: help with your success at being elected. That's at the
- 28:01Speaker 1: very least how it influences politics. Yeah, all right, we
- 28:04Speaker 1: definitely need to take a break now because I can't
- 28:06Speaker 1: even coming out of your eye ducks. All right, we're back.
- 28:28Speaker 1: You're good, You got the tissue. Yeah good, you're crying
- 28:31Speaker 1: bloody tears. Uh, I get riled up to man, It's
- 28:35Speaker 1: just it's when you look at the state of American
- 28:39Speaker 1: politics these days, it's very hard to not want to
- 28:42Speaker 1: go live on a deserted island somewhere. Canada your own oligarchy. Yeah, myself,
- 28:50Speaker 1: I wonder what it's. I don't know much about politics
- 28:52Speaker 1: around the world. I know other like you know, wealthy
- 28:55Speaker 1: countries are corrupt as well. Um, like we're leading the
- 29:01Speaker 1: race though, the race downward. Yeah, I'd like to hear
- 29:07Speaker 1: from other countries out there, other like big wealthy countries,
- 29:11Speaker 1: Um about your systems. Yeah, I'm sure they're largely broken. Right.
- 29:16Speaker 1: Are we the only ones? No, We're definitely not the
- 29:18Speaker 1: only ones, right the Finns. I mean you look at
- 29:24Speaker 1: Skaninavia and you're like, yeah, they're like a model of
- 29:27Speaker 1: of you know, using taxes for good and all that.
- 29:29Speaker 1: But how much of it do you not hear about?
- 29:31Speaker 1: Like how much like like waste is there, How much
- 29:34Speaker 1: graft is there? How you know? I'm like, well, they
- 29:37Speaker 1: pay so much much in taxes over there. But everything
- 29:40Speaker 1: we hear though from people in that part of the
- 29:41Speaker 1: world say we're happy to because everything's great. It's like
- 29:47Speaker 1: we have no crime, we have no gun violence, everyone's healthy,
- 29:50Speaker 1: we all get healthcare, schools are awesome, We're all happy.
- 29:55Speaker 1: I don't know, maybe I'll move to Finland. So we
- 29:58Speaker 1: we've talked about um, like why how money influences politics,
- 30:04Speaker 1: But the underlying key is this is if you um,
- 30:10Speaker 1: if you can purchase campaigns, you can purchase everything else.
- 30:16Speaker 1: Because you get people who owe you or who you
- 30:19Speaker 1: have influenced, or who you just share a tremendous amount
- 30:23Speaker 1: of common viewpoints with into office. You back the right horse,
- 30:28Speaker 1: your guy got in there. Right. You can put it
- 30:31Speaker 1: as crassly or as nicely as you want, but you
- 30:34Speaker 1: help get somebody into office, and now they kind of
- 30:36Speaker 1: owe you, and now the policies are probably going to
- 30:40Speaker 1: fall into your favor. And just the ability to do
- 30:44Speaker 1: this is such a symptom of the inequality in the
- 30:48Speaker 1: United States that we're dealing with right now that I
- 30:51Speaker 1: think that's what disheartens me the most. It's it's like
- 30:54Speaker 1: when the Supreme Court rule in two thousand ten, we're
- 30:57Speaker 1: opening the floodgates, you have a voice individual? Yeah, but
- 31:01Speaker 1: yeah it did. But did we ever? Was the Supreme
- 31:05Speaker 1: Court really just saying like, hey, we're gonna take the
- 31:08Speaker 1: scales off your eyes. Right, We're not. We're gonna take
- 31:10Speaker 1: away any pretense. Here's how it is. Here's probably how
- 31:14Speaker 1: it's always been. But now it's legal. Man, just get
- 31:17Speaker 1: used to it. Yeah, but no one was paying attention
- 31:21Speaker 1: because people but I mean like back in the seventies
- 31:23Speaker 1: when Watergate happened, people paid attention to that, you know,
- 31:26Speaker 1: because the idea that if you were wealthy you could
- 31:29Speaker 1: become an ambassador for k or that you add access
- 31:32Speaker 1: to the president. It's always ticked Americans off. Uh. So
- 31:37Speaker 1: remember when we talked a little bit ago about um,
- 31:40Speaker 1: the five oh one c fours have to of their
- 31:46Speaker 1: uh spending cannot be political. Uh no comment on that part.
- 31:53Speaker 1: But it's unenforceable. Basically, Well, IRIS did try to enforce
- 31:57Speaker 1: it once. Yes, that's where I was headed. The I
- 31:59Speaker 1: R s uh made the mistake of going too hard
- 32:03Speaker 1: at the tea party um because they felt like they
- 32:06Speaker 1: were the worst offenders, and it backfard on him in
- 32:09Speaker 1: a big way. Um to say the least, would you say, Yeah, Well,
- 32:13Speaker 1: the GOP in Congress came down hard on the i
- 32:17Speaker 1: r S. They got the I R S director removed
- 32:19Speaker 1: from her position, got a new person installed, and this
- 32:23Speaker 1: new guy has basically said, like you know this, I'm
- 32:27Speaker 1: just going with everything the Supreme Court thinks. So I'm
- 32:30Speaker 1: gonna stop enforcing this. And even if the I R
- 32:34Speaker 1: S wanted to enforce these rules that that they're tasked
- 32:37Speaker 1: with making sure that there's transparency, right. Um. Uh. The
- 32:43Speaker 1: Senate actually inserted a couple of bills, and by Senate
- 32:46Speaker 1: I mean Mitch McConnell, who hates campaign finance laws. Uh,
- 32:51Speaker 1: he got a couple of bills inserted in the omnibus
- 32:55Speaker 1: spending bill, a couple of writers. Yes. Um. And if
- 32:58Speaker 1: you guys, a lot of people may not know what
- 33:00Speaker 1: an omnibus spending bill is. It's basically a big, large, sweeping, uh,
- 33:06Speaker 1: set of many many bills and writers all under one banner.
- 33:10Speaker 1: It pays it's the government's budget. Well yeah, but it's
- 33:14Speaker 1: a it's they don't have to do with one another.
- 33:16Speaker 1: You can when you hear like a writer was attached
- 33:18Speaker 1: to it. That that a lot of times means someone
- 33:22Speaker 1: is trying to sort of sneak something through. Right, So
- 33:27Speaker 1: if you attach a rider to the right bill, you
- 33:29Speaker 1: can get almost anything passed. And you know, I shouldn't
- 33:32Speaker 1: say sneak something through because it's not like it's in secret,
- 33:35Speaker 1: but it's a way. It's a very convenient way to
- 33:38Speaker 1: pass a controversial amendment. Right. Okay, So if you if
- 33:41Speaker 1: you take a very cherry bill like one that has
- 33:44Speaker 1: to pass, like the bill that pays for the government
- 33:47Speaker 1: spending for the next year, and you insert a writer
- 33:50Speaker 1: in there that says the I R. S is not
- 33:51Speaker 1: allowed to make clearer rules on UH five oh one,
- 33:56Speaker 1: S fours and political action committees spending politics, you're gonna
- 34:02Speaker 1: get it passed. And it did get passed. Yeah. And
- 34:05Speaker 1: another thing that got passed was, remember when we talked
- 34:07Speaker 1: about the fact that shareholders wanted to know if their
- 34:09Speaker 1: corporations who they were donating to, They also got a
- 34:13Speaker 1: almost had snuck it in. They almost also got in
- 34:16Speaker 1: a writer that said, no, corporations don't have to do that.
- 34:19Speaker 1: They did, They said that they said that the SEC
- 34:23Speaker 1: is not allowed to make rules considering making corporations disclosed
- 34:29Speaker 1: political contribution. Yeah, you cannot force them to do that.
- 34:31Speaker 1: So there's a ban on the I R S clarifying
- 34:35Speaker 1: its rules and the SEC creating a rule just clarifying
- 34:38Speaker 1: they just wanted it more clearly defined in existing You
- 34:41Speaker 1: can't do that, but we like it really nebulous. So
- 34:44Speaker 1: Congress said, sit down when it comes to campaign finance stuff.
- 34:48Speaker 1: You you don't do your jobs anymore. Your regulatory stuff
- 34:51Speaker 1: is over with now. Uh, individuals have petitioned uh these
- 34:56Speaker 1: companies um, and sometimes they voluntarily given it up. But
- 35:00Speaker 1: if that's the solution, then it's not much of one.
- 35:04Speaker 1: And then so lastly, so the SEC is down, the
- 35:07Speaker 1: I R S is down, um, And the last the
- 35:11Speaker 1: last agency that was tasked with enforcing transparency was the
- 35:16Speaker 1: Federal Elections Commission itself. Yeah, surely they would step up
- 35:20Speaker 1: and do the right thing. So the Federal Elections Commission
- 35:22Speaker 1: is now split three and three along party lines and
- 35:27Speaker 1: apparently deadlocks as a matter of routine. So you need
- 35:32Speaker 1: four commissioners for FEC commissioners to take action on anything
- 35:36Speaker 1: to get a quorum, right, they can't even get a quorum.
- 35:39Speaker 1: So as far as campaign finance stuff goes, they have
- 35:43Speaker 1: been sitting on their hands since two thousand ten. And
- 35:45Speaker 1: there was a couple of rulings about um transparency that
- 35:51Speaker 1: that that are about the last things they did. So
- 35:53Speaker 1: in two thousand and seven they said, you know that
- 35:55Speaker 1: McCain fine Gold requirement that says if you spend a
- 36:00Speaker 1: thousand dollars or more contributing to a political group or campaign,
- 36:04Speaker 1: you have to disclose it. We the Federal Elections Commission,
- 36:08Speaker 1: decided that that means that if you spend a thousand
- 36:13Speaker 1: dollars or more on a political like communication like an AD,
- 36:20Speaker 1: then you have to disclose it. So that means that
- 36:23Speaker 1: if you if you contributed a thousand dollars to a
- 36:25Speaker 1: political action committee, you would have to say this is
- 36:29Speaker 1: for ads well and for this AD specifically. That came later,
- 36:34Speaker 1: but yeah, that's the way it is now, which no
- 36:37Speaker 1: one ever does. It's another loophole. So this last thing,
- 36:41Speaker 1: this last bastion of transparency, to where you had to
- 36:45Speaker 1: say I donated a thousand dollars or more, you you
- 36:50Speaker 1: would have to say it is not just for an
- 36:52Speaker 1: attack AD, it's for attack AD number two thirty eight.
- 36:55Speaker 1: Hillary hates America. That's what this money is for. And
- 36:59Speaker 1: like you said, no one does that because they don't
- 37:01Speaker 1: have to. So you so that as far as the
- 37:03Speaker 1: Federal Elections Commission is concerned, you don't have to say
- 37:07Speaker 1: you donated that thousand dollars. Yeah, they don't have to,
- 37:10Speaker 1: so they won't because they don't want their name attached
- 37:12Speaker 1: to it, which is the most cowardly thing you can do,
- 37:15Speaker 1: you know if you think about it. Well, yeah, there's this,
- 37:18Speaker 1: Well that's the argument. That's a lot of people's argument
- 37:20Speaker 1: is anonymous political speech keeps you from, um getting blowback
- 37:25Speaker 1: from the powers that be or whatever. And there was
- 37:28Speaker 1: this woman who has caught handing out anonymous pamphlets that
- 37:32Speaker 1: she wrote outside of a polling place, which apparently was
- 37:36Speaker 1: illegal under McCain fine Gold, and everybody was like, well,
- 37:39Speaker 1: there's a long, proud tradition of handing out anonymous right.
- 37:43Speaker 1: The Federalist papers were originally anonymous, and Justice Scalia, who
- 37:48Speaker 1: was who died recently. Um, he was actually very very conservative,
- 37:52Speaker 1: and in his descent on that ruling in favor of
- 37:55Speaker 1: the woman's right to handle out anonymous pamphlets said anonymous
- 38:00Speaker 1: pamphlets have about as much historic tradition and precedents as
- 38:03Speaker 1: anonymous phone calls in this country, they're not honorable. There's
- 38:06Speaker 1: something honorable about anonymously lambasting something that didn't translate to
- 38:11Speaker 1: the rest of the court as far as Citizens United
- 38:13Speaker 1: is concerned. Yeah, it's the equivalent of of going in
- 38:16Speaker 1: the dark of night and like spray painting something on
- 38:18Speaker 1: a wall and running away. Right, it's true, you know.
- 38:23Speaker 1: So here's where we're at right now. The Supreme Court
- 38:26Speaker 1: ruled that corporations are people. They already had ruled that
- 38:29Speaker 1: they upheld it. Political money is protected speech, right, So
- 38:36Speaker 1: this opened the floodgates to unlimited money to five O
- 38:39Speaker 1: one s fours, which are nonprofit action groups who do
- 38:42Speaker 1: not need to disclose their donor's identities, which means that
- 38:45Speaker 1: you could you could contribute as much money as you
- 38:48Speaker 1: wanted to anonymously to a political campaign. So the SEC
- 38:53Speaker 1: was banned from requiring corporate disclosure, the I r S
- 38:56Speaker 1: was banned from investigating the political action groups themselves, and
- 38:59Speaker 1: then the VC the Federal Elections Commission removed the last
- 39:02Speaker 1: transparency requirements of the donors, and an estimated ten billion
- 39:07Speaker 1: dollars is going to be spent on this two thousand
- 39:09Speaker 1: sixteen campaign, five or six billion on the presidency right,
- 39:15Speaker 1: two billion was spent in two thousand twelve. So the
- 39:18Speaker 1: big question here is, are you the individual upping your
- 39:23Speaker 1: political contribution five times? Do you account for this enormous
- 39:28Speaker 1: increase from two billion to five or six billion dollars? No? No,
- 39:33Speaker 1: of course not. So there are some folks that started
- 39:38Speaker 1: digging around and said, all right, who's funding Who's funding
- 39:41Speaker 1: some of these uh efforts? Uh? Maybe like climate change denial,
- 39:47Speaker 1: Some somebody's funding this stuff. So there's a guy named
- 39:50Speaker 1: well at direct the University and Environmental It's like a
- 39:52Speaker 1: sociologist named Robert Brule. He said, you know what, let
- 39:55Speaker 1: me look into this and see somebody is giving a
- 39:58Speaker 1: lot of money to climate change. The aisle and um
- 40:01Speaker 1: Xon was was given a ton of money like blatantly
- 40:04Speaker 1: for years and years and again the Koke brothers, the
- 40:06Speaker 1: Koke brothers, and we all knew that because it was
- 40:09Speaker 1: all you know on record. But a weird thing happened
- 40:11Speaker 1: once these changes came about. Um the Koch Brothers, A
- 40:15Speaker 1: Coke Industries, and x On Mobile their cash flow to
- 40:19Speaker 1: climate change, and I'll disappeared without a trace Yeah, they're
- 40:21Speaker 1: traceable stuff. But a hundred and forty foundations funneled almost
- 40:26Speaker 1: six hundred million dollars to about one hundred climate denial organizations,
- 40:32Speaker 1: uh since then, and their money dried up, This money
- 40:37Speaker 1: increased into anonymous five. You don't need to be a
- 40:41Speaker 1: Sherlock Holmes to figure out what's going on here. Yeah.
- 40:44Speaker 1: And the other thing about a five O one C
- 40:45Speaker 1: four is, let's say you have a really great um,
- 40:49Speaker 1: a really great political action committee. You're a really great
- 40:52Speaker 1: um social uh social awareness group, right um or social
- 40:57Speaker 1: welfare group, and you don't want to at that brand
- 41:00Speaker 1: die because it's really established itself, but you don't want
- 41:04Speaker 1: to keep funneling money to it because climate denial has
- 41:07Speaker 1: a bad name these days. Right, You can funnel money
- 41:10Speaker 1: to a five oh one C four that funnels money
- 41:13Speaker 1: to that political action committee, and you your donation, it's
- 41:19Speaker 1: it's it's basically laundered. You're laundering your donation, turning it anonymous.
- 41:24Speaker 1: But it's still having the same effect, the same outcome
- 41:27Speaker 1: thanks to that loophole. Yeah, and then one more chuck.
- 41:31Speaker 1: One more criticism of this whole thing is if you say,
- 41:33Speaker 1: so what who cares? This is the way the world works,
- 41:36Speaker 1: especially with corporations in particular, if they start doing what's
- 41:41Speaker 1: called rent seeking, which is there's a there's an established pie,
- 41:46Speaker 1: and when you rent seek, you go to get your
- 41:49Speaker 1: piece of the pie. It keeps you from innovating. You
- 41:53Speaker 1: start going spending your money on legislation. Yeah, it's like
- 41:56Speaker 1: renting is basically if you're a big corporation spending a
- 41:59Speaker 1: hundred million dollars on lobbying for regulations against your competitor
- 42:04Speaker 1: instead of spending that one hundred million dollars investing in
- 42:07Speaker 1: your own corporation to grow, which is no good for shareholders. No,
- 42:10Speaker 1: your bottom line still kind of goes up, but really
- 42:13Speaker 1: you're just reaching the path towards stagnation because you're not
- 42:17Speaker 1: innovating anymore. And the public loses out because regulation decreases. Right, Um,
- 42:24Speaker 1: jobs are lost because you're not innovating, and then as
- 42:27Speaker 1: far as consumers are concerned, there's like less stuff to
- 42:29Speaker 1: buy because the corporations are going for the piece of
- 42:32Speaker 1: the pie rather than making the pie bigger or creating
- 42:35Speaker 1: new pies. Yeah, they going for the money that's already
- 42:37Speaker 1: out there. So so the solution I think is strictly
- 42:42Speaker 1: public financing of campaigns, like I have no problem with that.
- 42:47Speaker 1: Just say, here's a hundred million dollars to the candidates
- 42:52Speaker 1: who won the primaries, right and um, get creative. This
- 42:56Speaker 1: is all you got, you are. It's illegal to use
- 42:59Speaker 1: another penny outside of these public funds that were just
- 43:02Speaker 1: given to you as the the party candidates go to it.
- 43:07Speaker 1: Everything else is totally illegal. I can't imagine what a
- 43:11Speaker 1: sea change it would be in politics. I can't imagine
- 43:14Speaker 1: there would be another loophole. Well, you know what would
- 43:17Speaker 1: happen is suddenly these um, these political action committees would
- 43:21Speaker 1: start attacking this idea, saying, you, Joe Schmo, you can't
- 43:25Speaker 1: vote with your or you can't your political speech from
- 43:28Speaker 1: your campaign contributions being restricted. Your First Amendment rights are
- 43:32Speaker 1: being restricted. Going to give which is suddenly taken on
- 43:36Speaker 1: huge dimensions of import Uh, it's being restricted. And that's
- 43:40Speaker 1: exactly what would happen. Who So we moved into Finland. No,
- 43:46Speaker 1: we need to take this country back. Man. What's the
- 43:49Speaker 1: best country? That's what I want to know from listeners,
- 43:52Speaker 1: which one is the best? I can't wait to hear
- 43:55Speaker 1: Costa Rica. That's pretty nice, right if you want to
- 43:58Speaker 1: know more about campaign finance, dark money, all that jazz,
- 44:03Speaker 1: we want you to go check it out. Look up
- 44:06Speaker 1: dark money in the search bar at how stuff works
- 44:08Speaker 1: dot com, and just check out dark money all over
- 44:10Speaker 1: the web, including Jane Mayer from The New Yorker wrote
- 44:13Speaker 1: a really interesting book called dark Money All about the
- 44:16Speaker 1: Koch Brothers. Yeah, fantastic. Well, since I said Jane Mayer,
- 44:20Speaker 1: it's time for listener now, all right, I'm gonna call
- 44:25Speaker 1: this one uh maybe appropriate for this well, not really
- 44:31Speaker 1: somebody funding us. This is from a coal miner about
- 44:35Speaker 1: our Bill Gates podcast. He said, Hey, guys, one problem
- 44:37Speaker 1: that no one ever seems to talk about with renewable
- 44:40Speaker 1: energy is the people. The people you ask, well, I
- 44:44Speaker 1: was an underground coal miner for seven years until the
- 44:46Speaker 1: market got so bad that I lost my job. And
- 44:48Speaker 1: I'm just one of seven thousand plus people here in
- 44:51Speaker 1: eastern Kentucky that has been hit hard by this. I'm
- 44:54Speaker 1: not saying we need to stick with coal, it's just
- 44:56Speaker 1: the people. Don't think about the people that are behind
- 44:58Speaker 1: the fossil fuel industry losing jobs. Not only are people
- 45:02Speaker 1: losing their way of life, but entire towns are being killed.
- 45:05Speaker 1: I can't count how many people have had to leave
- 45:07Speaker 1: the place that they've called home their entire life to
- 45:09Speaker 1: find work. Along with new renewable, cheaper energy, we need
- 45:13Speaker 1: to find jobs to fill that void of those who
- 45:16Speaker 1: have been lost. Yeah you know. I mean it's not
- 45:21Speaker 1: like because creating renewable energy creates a lot of jobs,
- 45:24Speaker 1: but they're not going to the coal miners. You know
- 45:26Speaker 1: what I'm saying. But however, this is kind of neat. UM.
- 45:29Speaker 1: I was lucky enough to find work at bit Source,
- 45:31Speaker 1: a tech start up here. Uh. The company hired ten
- 45:33Speaker 1: former coal miners and began teaching us how to web
- 45:36Speaker 1: and how to be web and software developers. Uh. The
- 45:40Speaker 1: only problem is there only ten of us, uh, and
- 45:43Speaker 1: it's just this one company, and they cannot feel the
- 45:44Speaker 1: void of all those who lost jobs. I know that
- 45:47Speaker 1: you guys might be able to help shed some light
- 45:49Speaker 1: on this problem. Like I said, no one thinks about
- 45:51Speaker 1: the people and the families that are hurt by progress,
- 45:54Speaker 1: but it happens. Someone told me once, you can be
- 45:56Speaker 1: the best wheelmaker out there, but if no one needs
- 45:59Speaker 1: wheels anymore, doesn't matter how good you are. Thanks for
- 46:02Speaker 1: the podcast. I love to listen on my drive to
- 46:04Speaker 1: and from work. That is Michael Harrison. That is a
- 46:07Speaker 1: great point, Michael. Everybody should do something or maybe train
- 46:12Speaker 1: these people in new renewable energy boards. Sure, and this
- 46:15Speaker 1: bit source company is a pretty good example of how
- 46:17Speaker 1: the market can can swoop in and in foster progress basically, right. Sure,
- 46:25Speaker 1: But the fact that they're hiring ten coal miners out
- 46:29Speaker 1: of seven thousand who need jobs is also an example
- 46:33Speaker 1: of how the market doesn't do that. And like you could,
- 46:37Speaker 1: this is where government comes in government spending. Say okay,
- 46:40Speaker 1: let's move forward and lay the infrastructure for an enormous
- 46:44Speaker 1: high speed internet um national grid. We need people to
- 46:50Speaker 1: install that, we need people to design it, we need
- 46:52Speaker 1: people to develop it, we need people to maintain it.
- 46:55Speaker 1: Let's take people who don't have jobs, train them to
- 46:58Speaker 1: do this stuff, build this infrastruct sure, and just take
- 47:01Speaker 1: off like a rocket from there. That's one thing you
- 47:04Speaker 1: could do, agreed. Uh. Man, we're gonna get some mail
- 47:09Speaker 1: for this whole episode. Good. Uh. If you want to
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- 47:14Speaker 1: you think about this whole jam, you can tweet to
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