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This article and many in the recent chain makes it seem like this all came from a political party - the GOP, but we should question whether a political party filled with people who have won elections would want someone to run under who has never won an election. Something drastic changed because that was not the gop before trump was able to dispose of Jed. This is a media game which contorts reality. Now, instead of business interests exerting power and pressure over govt, the idea is now - let's just get an untested private business person to run the entire govt. And they can do that only if the media does much if the work, for which it's greatly rewarded.

As noted, the recipient of the Powell memo was the chamber of commerce, not either political party.

When the rules for expanding hedge funds and limiting regulation of their advisers were addressed in court (2000s), the chamber of commerce was heavily involved in the litigation, although the relevant laws barely affected corporations - just wealthy and institutional investors and those who manage their concentrated money.

In oct 2015, ny times published info on the largest early donors to 2016 campaign and identified trend of nouvelle riche from private hedge funds (and also fracking) dominating the 400 or so families who dominate all political spending. Ny times emphasized how deeply involved in politics some of them, and we get glimpses from time to time.

Now you see them on fishing trips with Sam alito.

Private companies means no independent board, no public reporting / updating under sec standards or stock exchange rules, no independent audit committee with internal controls/compliance reporting to it.

Trump organization was/is such a private company. Think about what's going on with Raviswamy.

The biggest boldest lie put out in front of everyone's face is this - that people like this have ANY qualification whatsoever to be president of us when they

-never won any election

- no public service

- no military experience

- no foreign policy or educational expertise about world affairs,

Etc

To me, this is absolutely the single worst thing the media has done to us. To have people accept this idea that these people have any business as candidates.

Yes, of course this is more of a gop thing, but democrats also have their cia people, hedge funders too.

The point is the gop was bad, right wing, militaristic, business owned before.... but at least wanted people with experience running the federal government, sheeeesh this situation now is right on the cusp of a complete business takeover of government not by public corporations but by PRIVATE untested and unqualified people.

It was just so nice to be home a little this week this way I could see some of msnbc which just puts on raviswamy in the day annd lets him bullshit annd lie away. Always legitimating, always going along, the role of mainstream media - to normalize this in a country where the tradition was you had to be Secretary of State or governor of a state first or have comparable experience to be the frickin president. It seems like these cats have really captured the gop, and so much outside of it (with Elon and everything else in the media).

In any event it doesn't seem fully accurate to describe this as coming from the gop when the gop appears to have morphed from a legitimate political party with legitimate candidates into more of a dull, blunt (and not that hard to purchase) tool.

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It turns out there's no such thing officially called the "McCain-feingold act" although that's what it was called. We have to go back what, TWO entire presidents from gop to see campaign finAnce reform as bipartisan. The official name of the act was the Bipartisan campaign reform act of 2002. It's amazing what a watershed moment it was when Supreme Court overturned it and morphed the law into something diametrically opposed to what was bipartisan - into the citizens United decision, but the basic point to note is that pres George w bush signed this into law only two gop presidencies ago! And of course McCain was a leading Republican. This shows how much things have changed even from a fairly right wing president gw bush. As well as the enormous power of people like Moscow Mitch McConnell and shady Sammy alito.

https://en.m.wikipedia.org/wiki/Bipartisan_Campaign_Reform_Act

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