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Big Money in CA's Election
CALIFORNIA RESIDENTS WEREN'T THE BIG SPENDERS FOR THIS YEARS STATE ELECTIONS. OIL, TOBACCO AND INSURANCE INDUSTRIES WERE AT THE TOP OF THE SPENDING POOL FOR CAMPAIGN FINANCING IN THE STATE WIDE ELECTIONS.
HOW DO CORPORATIONS CURTAIL FINANCE REFORM LAWS? IF YOU'VE GOT MILLIONS TO INVEST IN ELECTORAL POLITICS, FORM AN INDEPENDENT EXPENDITURE COMMITTEE. PROP 34, CALIFORNIA'S FINANCE REFORM LAW, LIMITS INDIVIDUAL CAMPAIGN CONTRIBUTIONS TO A LITTLE OVER 22,000 DOLLARS. BUT, IT LEAVES THE DOOR WIDE OPEN FOR INDEPENDENT EXPENDITURE COMMITTEES TO INVEST MILLIONS IN POLITICAL CANDIDATES AND PROPOSITIONS. THAT'S WHAT WE SAW IN THIS YEARS ELECTION. BIG OIL AND TOBACCO GIANTS SPENT OVER 150,000,000 DOLLARS COMBINED TO DEFEAT STATEWIDE BALLOT MEASURES. FOR THE LOW DOWN LISTEN TO THE LINK BELOW.
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ALL CAPS GOTTA GO!
Fri, Nov 10, 2006 7:22PM
Big Money in CA's Election
Fri, Nov 10, 2006 4:13PM
Big Money in CA's Election
Fri, Nov 10, 2006 4:12PM
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