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Thread: Firm gives $1 million to pro-Romney group, then dissolves(edited)

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    Firm gives $1 million to pro-Romney group, then dissolves(edited)

    Election reform, anyone? This is a dance around election contribution laws and I personally expect some pretty bad fallout over this.

    A mystery company that pumped $1 million into a political committee backing Mitt Romney has been dissolved just months after it was formed, leaving few clues as to who was behind one of the biggest contributions yet of the 2012 presidential campaign.
    The existence of the million-dollar donation — as gleaned from campaign and corporate records obtained by NBC News — provides a vivid example of how secret campaign cash is being funneled in ever more circuitous ways into the political system.

    The company, W Spann LLC, was formed in March by a Boston lawyer who specializes in estate tax planning for “high net worth individuals,” according to corporate records and the lawyer’s bio on her firm’s website.

    The corporate records provide no information about the owner of the firm, its address or its type of business.
    Firm gives $1 million to pro-Romney group, dissolves - politics - Decision 2012 - msnbc.com

    Laughing
    Last edited by Redress; 08-04-11 at 01:08 PM. Reason: To Comply with BN guidelines-Title changed.

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    Re: Super PAC's try end around

    Citizens United was a disasterous decision. I hope Alito is eating his head shake.


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    Re: Super PAC's try end around

    People can spend their money how ever they wish. If they want to simply blow it like shown here, they don't have to explain their actions.

    Some will spend 1 million on a new Bugatti, others in frittering it away like this example. It's amazing how bad others want control of other peoples money.

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    Re: Super PAC's try end around

    Quote Originally Posted by 1Perry View Post
    People can spend their money how ever they wish. If they want to simply blow it like shown here, they don't have to explain their actions.

    Some will spend 1 million on a new Bugatti, others in frittering it away like this example. It's amazing how bad others want control of other peoples money.
    we have the best government money can buy

    this is description of a legal bribe is but another example of it
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: Super PAC's try end around

    That's right, if people choose to spend their money bribing the legislature, that's their business!

    Now I'm going to go out and buy some crack cocaine and hire a htiman to rub out my noisy neighbors.

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    Re: Super PAC's try end around

    Quote Originally Posted by justabubba View Post
    we have the best government money can buy

    this is description of a legal bribe is but another example of it
    I'm not sure how that addresses my point. If someone thinks candidate A is the best candidate and they want to spend $1 million telling others what they think, why is that your business?

    It's not different than what each candidate will do. The next presidential election will see hundreds of millions of dollars spent with each candidate saying "I'm the best" but someone else can't spend their money stating "I believe he's the best"?

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    Re: Super PAC's try end around

    Quote Originally Posted by Polotick View Post
    Election reform, anyone? This is a dance around election contribution laws and I personally expect some pretty bad fallout over this.

    A mystery company that pumped $1 million into a political committee backing Mitt Romney has been dissolved just months after it was formed, leaving few clues as to who was behind one of the biggest contributions yet of the 2012 presidential campaign.
    The existence of the million-dollar donation — as gleaned from campaign and corporate records obtained by NBC News — provides a vivid example of how secret campaign cash is being funneled in ever more circuitous ways into the political system.

    The company, W Spann LLC, was formed in March by a Boston lawyer who specializes in estate tax planning for “high net worth individuals,” according to corporate records and the lawyer’s bio on her firm’s website.

    The corporate records provide no information about the owner of the firm, its address or its type of business.
    Firm gives $1 million to pro-Romney group, dissolves - politics - Decision 2012 - msnbc.com

    Laughing
    No, we won't reform that. It doesn't seem like something Washington would pay attention to; so long as they're getting money they're happy. The only campaign finance reform they'll pass is one which would hamper challenges to incumbents.
    You know the time is right to take control, we gotta take offense against the status quo

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    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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    Re: Super PAC's try end around

    Quote Originally Posted by 1Perry View Post
    I'm not sure how that addresses my point. If someone thinks candidate A is the best candidate and they want to spend $1 million telling others what they think, why is that your business?

    It's not different than what each candidate will do. The next presidential election will see hundreds of millions of dollars spent with each candidate saying "I'm the best" but someone else can't spend their money stating "I believe he's the best"?
    The problem is that tax exempt organizations like the Mormon Church, can't donate to political campaigns and maintain their tax exempt status. So they funnel it through one of these dummy companies and presto-changeo Churches can fund their favorite politician's campaign.

    Not to mention, the people should know who sponsors their candidates. If big oil gives a candidate 1 billion for his campaign and then he votes in their favor all the time, it'd be a safe assumption that he was bought.
    Quote Originally Posted by hallam View Post
    Unicorns are the legitimate scientific study of biology.
    Quote Originally Posted by hallam View Post
    By the way unicorns to science are not mythology. They can be studied by biology because they are an animal.

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    Re: Super PAC's try end around

    Quote Originally Posted by SlackMaster View Post
    The problem is that tax exempt organizations like the Mormon Church, can't donate to political campaigns and maintain their tax exempt status. So they funnel it through one of these dummy companies and presto-changeo Churches can fund their favorite politician's campaign.
    Sort of like P.P. does? Anyway, have a link showing where they do this?

    Not to mention, the people should know who sponsors their candidates. If big oil gives a candidate 1 billion for his campaign and then he votes in their favor all the time, it'd be a safe assumption that he was bought.
    If you are against doing that, how exactly will knowing where the money came from change anything? Will your position not stay exactly the same no matter what?

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    Re: Super PAC's try end around

    Quote Originally Posted by 1Perry View Post
    I'm not sure how that addresses my point. If someone thinks candidate A is the best candidate and they want to spend $1 million telling others what they think, why is that your business?
    how anyone spends their money, such that they do not use the funds to bribe public officials, is of no concern to me
    i oppose the state of china, or an international corporation, or the mafia being able to buy influence with the politicians who are charged with representing me

    and you confuse free speech with (a 'gift' of) money. they are not synonymous

    It's not different than what each candidate will do.
    so, you want us to believe every political candidate will expect to receive $1 million from an unidentifiable source

    The next presidential election will see hundreds of millions of dollars spent with each candidate saying "I'm the best" but someone else can't spend their money stating "I believe he's the best"?
    but will each of those politicians be receiving $1 million from an unidentifiable source? normally, when someone spends their money - in this case significant money - they expect something in return

    i want to know who is buying our elected officials. if the transfer of funds is legitimate, why the need to conceal it?
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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