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Home Publications Blogs Beat the Press What Percent of President Obama's $1 Billion Re-election Campaign Funding Will Come from the Middle Class?

What Percent of President Obama's $1 Billion Re-election Campaign Funding Will Come from the Middle Class?

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Monday, 13 December 2010 06:00
That is a question that the Post might have asked in a short piece that discussed the possibility that President Obama's re-election campaign will cost $1 billion.
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None From Me
written by libhomo, December 13, 2010 7:30
If I give money to any candidate, I'll give to the Green candidate. Obama is so far to the extreme right he might as well be a Republican.
How Tax Cuts Subsidize Upper Class Bondholders by Middle Class
written by izzatzo, December 13, 2010 8:09
http://www.counterpunch.org/volscho12102010.html

See this link, The Rise of the Wall Street Ruling Class, that explains how tax cuts over the last 30 years created the Bondholder Class for the rich, financed by the Middle Class.
if you want $1 pretax to go to Goldman, check this box
written by frankenduf, December 13, 2010 9:25
if there were any economic justice, the finance, health insurance, and auto industries would ante up $1 billion to fund the public election- o waiddaminute...
...
written by skeptonomist, December 13, 2010 10:07
The writer of the piece does not seem to be aware that a doubling every four years is not sustainable for any length of time. This is a common mistake made in economics, for example in overestimating expansion of demand, asset appreciation, etc. Sustainable exponential rates are usually such as to lead to a doubling in 10-20 years.

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.

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