Showing posts with label SuperPAC. Show all posts
Showing posts with label SuperPAC. Show all posts

Friday, August 24, 2012

A progressive SuperPac?

Today we got a flyer "Take Down the Tea Party Ten: Credo Mobile fights Tea Party.  Does your phone company fund them?"

Credo has all kinds of teasers with 40% off for a year and contract buyout credit.

I visited www.credomobile.com/teaparty.  I found that Credo uses the Sprint network and has the usual rates.  I also found in the fine print "Brought to you by Working Assets".  If I remember correctly, Working Assets is a "socially responsible" investment company.

The big question is are your subscriber costs used for political contributions.  Or as a member of the network will you receive numerous appeals for donations?

If you are curious about this, I'll let you follow the links.  As for me, I'll stick with Verizon Wireless until such time as I think I can afford an iPhone with Sprint Virgin.  Big cost for the iPhone, really low cost for voice and data.

Sunday, June 17, 2012

Foreign money in U.S. politics? Wait a minute!

John McCain has claimed that foreign money is slipping into the presidential campaign, mainly through Sheldon Adelson's SuperPAC.  McCain's argument is that Adelson owns three casinos in Macau and that profits from these casinos are going into his SuperPAC.  See "McCain says foreign money influencing US elections, sneaking in through SuperPACs", Associated Press, 2012-06-15.

Let's see, if I owned thousands of shares of Nokia, the Finnish cell phone maker, and thousands of shares of CTRIP, the Chinese online travel company (don't I wish), and donated to a campaign the equivalent of the dividends from these companies (if they were paying dividends), would that be Finnish or Chinese money influencing the campaign?  I don't think so.

Since Adelson's SuperPAC promotes Romney and attacks Obama, I would doubt that the Chinese government is telling Adelson where his Macau profits should go.  After all, Romney wants to have the "strongest defense" in the world.  Is it in the interest of the Chinese government to enter into an escalating arms race?  Maybe the interest of the Chinese military.  But does the Chinese military have that much control that it can direct where the profits of a foreign country go?

No, I think it is just a question of the absurdity of the "Citizens United" decision, which McCain doesn't like, and of the wish of Sheldon Adelson to defeat President Obama.

Maybe we should just call Sheldon Adelson the drunken sailor of politics.