The Auction is Underway

Only the most partisan of partisans cannot but be chagrined over the state of politics in the United States in 2012.

The presidential candidate nominating process for the two corporate parties has official started with the conclusion of the Iowa caucuses. It is January 4 ... ten more months of this pantomime to go. In the end, for all the contests local to federal, the results are pretty much determined: those who raise and spend the most money win 94% of the time. We have 'elections' in this nation only in the technical sense of the word -- what we really have are auctions.

Even before the 'Citizens United' Supreme Court decree our elections process was corrupted from bottom to top by the influence of special interest money. It is my contention that unaccounted for massive expenditures of mega-transnational corporate money in the 2012 elections will have an impact on our country that will take a decade to understand (let alone remedy).

With that said, I quote here from one of the best economic and political writers of our day, Matt Taibbi, on what this presidential 'election' is really all about:

... In the wake of the Tea Party, the Occupy movement, and a dozen or more episodes of real rebellion on the streets, in the legislatures of cities and towns, and in state and federal courthouses, this presidential race now feels like a banal bureaucratic sideshow to the real event – the real event being a looming confrontation between huge masses of disaffected citizens on both sides of the aisle, and a corrupt and increasingly ideologically bankrupt political establishment, represented in large part by the two parties dominating this race.

The auctioned election process is designed to reduce the field to two candidates who will each receive hundreds of millions of dollars apiece from the same pool of donors. Just take a look at the lists of top donors for Obama and McCain from the last election in 2008.

Obama’s top 20 list included:

Goldman Sachs ($1,013,091)
JPMorgan Chase & Co ($808,799)
Citigroup Inc ($736,771)
WilmerHale LLP ($550,668)
Skadden, Arps et al ($543,539)
UBS AG ($532,674), and...
Morgan Stanley ($512,232).

McCain’s list, meanwhile, included (drum roll please):

JPMorgan Chase & Co ($343,505)
Citigroup Inc ($338,202)
Morgan Stanley ($271,902)
Goldman Sachs ($240,295)
UBS AG ($187,493)
Gibson, Dunn & Crutcher ($160,346)
Greenberg Traurig LLP ($147,437), and...
Lehman Brothers ($126,557).

Obama’s list included all the major banks and bailout recipients, plus a smattering of high-dollar defense lawyers from firms like WilmerHale and Skadden Arps who make their money representing those same banks. McCain’s list included exactly the same banks and a similar list of law firms, the minor difference being that it was Gibson Dunn instead of WilmerHale, etc. ...

The reason 2012 feels so empty now is that voters on both sides of the aisle are not just tired of this state of affairs, they are disgusted by it. They want a chance to choose their own leaders and they want full control over policy, not just a partial say. There are a few challenges to this state of affairs within the electoral process – as much as I disagree with Paul about many things, I do think his campaign is a real outlet for these complaints – but everyone knows that in the end, once the primaries are finished, we’re going to be left with one 1%-approved stooge taking on another.

Most likely, it’ll be Mitt Romney versus Barack Obama, meaning the voters’ choices in the midst of a massive global economic crisis brought on in large part by corruption in the financial services industry will be a private equity parasite who has been a lifelong champion of the Gordon Gekko Greed-is-Good ethos (Romney), versus a paper progressive who in 2008 took, by himself, more money from Wall Street than any two previous presidential candidates, and in the four years since has showered Wall Street with bailouts while failing to push even one successful corruption prosecution (Obama).

There are obvious, even significant differences between Obama and someone like Mitt Romney, particularly on social issues, but no matter how Obama markets himself this time around, a choice between these two will not in any way represent a choice between “change” and the status quo. This is a choice between two different versions of the status quo, and everyone knows it. ...

Iowa: The Meaningless Sideshow Begins | Matt Taibbi/Rolling Stone

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