Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Tuesday, January 12, 2021

Where Does Adelson's Wealth Go Now (Politically Speaking)?

Sheldon Adelson, casino magnate and massive backer of conservative and right-wing causes (particularly in the Jewish community), has died at age 87.

I don't feel the need to do any retrospective on Adelson's life. Suffice to say, while he did donate to some good causes, particularly in the medical field, his primary contribution to public life were to bolster regressive and reactionary forces in America and Israel. This influence will not be missed.

Of course, even with his death, his money doesn't simply disappear. The question is whether his heirs are as committed to serving as right-wing kingmakers as he was. To the extent his death dries up a significant source of conservative largesse, it could make a significant difference in the ecosystem of right-wing politics (again, especially in the Jewish community where Adelson was a major benefactor of an array of reactionary institutions).

Adelson's wife, Miriam, is a physician and is probably more responsible for the health-side donations of Adelson fortune. It's possible that she will pivot to focus more on those endeavors, which would be an unadulterated good. That said, while not having as high a profile as her husband, from all appearances Miriam's politics are not materially different from her late partner, and so it is entirely possible that she'll keep up the money flow same as before.

I suppose we'll see. But it will be interesting to see the degree to which the heirs of some of the Republican mega-fortunes share their parents' politics. It's possible that deaths such as these could effectuate significant shifts in the political landscape simply by changing who signs the checks (which is itself not exactly a healthy indicia of democracy, but leave that aside for now).

Saturday, November 03, 2018

Beckles' Chevron Money is Shockingly Irrelevant

Way at the bottom of my elections predictions post, I revealed that I was supporting Buffy Wicks for my local Assembly race. It was a contest I was undecided on even three weeks ago, but then I found out that Wicks' opponent, Jovanka Beckles, had voted for Jill Stein in 2016 and ... well, that "decided" things real quick for me. It was more than just a "protest vote" (though that'd be bad enough), she was actually pushing the "DemExit" line and urging African-American voters to rethink their "loyalty" to the Democratic Party (which, I can't count the ughs).

That said, despite endorsing Wicks in that post I also predicted a Beckles victory. It seemed like her campaign was showing more energy and hustle than Wicks, and while Berkeley's reputation for wild-eyed radicalism is in this day and age significantly overstated, it's still the case that a Berkeley- and Richmond-centered district is one in which a candidate with Beckles' profile could do well.

Now, Berkeleyside reports that we finally have a poll in the district, and it indeed shows Beckles narrowly ahead. There are reasons to take a grain of salt with it: it's a Beckles internal, it's within the margin of error, and it actually shows Wicks with better favorability ratings. That said, Wicks hasn't released her own numbers, and while Assembly races are rarely polled, it's hard for me to imagine that given Wicks' massive resource edge over Beckles that she hasn't done some internal polling of her own. If she had better numbers, I think we'd see them.

But that's not what this post is about either. The most interesting thing about that Berkeleyside article comes in the middle, when it reveals who funded the poll for Beckles: a group called California African American PAC whose backers include Chevron (as well as many other corporations and like groups). This is a bit embarrassing for Beckles, as much of her line of attack on Wicks has been of the "funded by X which includes Y who supported Z" variety, and so Wicks is unsurprisingly making hay. Beckles has since disavowed the funding (it's an independent expenditure, so she can't actually do anything about it); though Wicks pointed out that this was a convenient position for Beckles to take after they've already dumped a bunch of money into doing polling work for the campaign.

All of this, I have to say, is pretty standard-issue political sniping, and normally I'd tune it out. Indeed, for me, this demonstrates just how stupid this whole "funded by" line of attack is. I get why Beckles had to disavow the cash (and I get why Wicks is nonetheless making hay over it), but it also feels profoundly stupid.

Simply put, Jovanka Beckles has made her career on fighting Chevron. Say what you will about her, but I have zero concern that if and when she gets to Sacramento she'll suddenly be in Chevron's pocket because of this expenditure, and it frankly strikes me as flat-bonkers to believe otherwise. Beckles can't control who spends money on her behalf, and neither she nor any other politician is an automaton obligated to dispense favors in exchange for campaign cash (I've often joked that if I were running for office -- which I never want to do -- I'd happily take coal money: it'd be a redistribution of wealth away from destroying the planet and towards things like reproductive justice).

So I'm sure Wicks appreciates the hypocrisy, and I'm sure Beckles is a tinge embarrassed. But really, this happenstance does more than anything to convince me that the "who's funding who" line just isn't germane in a race like this. I have a very particular reason for backing Wicks over Beckles, one that relates to Beckles' own judgment. I don't need to make an off-the-wall inference regarding the agenda of a funder-of-a-funder to get there, and I think that's a frankly silly reason to make a decision in a race like this.

Monday, July 09, 2018

Why Is Montgomery County Immune to Money in Politics?

The Democratic primary for the Montgomery County (MD) Executive race was a nail-biter this year, pitting progressive County Councilor Marc Elrich against business and political outsider David Blair. But -- pending a potential recount -- it looks like Elrich won the race by less than 100 votes.

Elrich was backed by the Democratic Socialists of America and other left-leaning groups, and they're claiming another victory. Blair, for his part, dumped almost three million dollars of his own money into the race only to come up short (Elrich chose to use public financing).

It's striking to see someone with that much of a financial edge lose a race like this. And it's not the first time Montgomery County Democrats have passed on well-financed candidates.

In 2016, businessman David Trone spent a record-setting $13.2 million dollars of his own money in the Democratic primary for the 8th congressional district, which largely encompasses Montgomery County, only to lose to American University Law Professor Jamie Raskin.  Raskin ran as the most progressive candidate in his 2016 primary race, and he's lived up to that label by becoming (according to Progressive Punch) the single-most liberal member of the entire House delegation.
(Trone, for his part, trotted northwest to the open 6th congressional district, where he just secured the Democratic nomination for 2018).

And that 8th district seat? It was open because its former occupant, Chris Van Hollen, made the jump to the U.S. Senate. And Van Hollen, for his part, won his initial 2002 Democratic primary over Mark Shriver (of the Kennedy Shrivers) despite being outraised 2:1.

Montgomery County is one of the wealthiest counties in the country, with a median household income of over $100,000. The consistent success of progressive Democrats beating back better-funded but more centrist foes makes for an interesting contrast to the claim that affluent suburbs will serve as a drag on moving the Democratic Party to the left.

Maybe this is just a series of anecdotes. But it sure seems that Montgomery County seems uniquely resistant to being swamped by big dollar candidates. Assuming that's right, what gives MoCo this rare immunity?

This is outside my area of political science. But here are some possibilities worth exploring:

  • Diversity: Montgomery County is far more racially diverse than it is often given credit for. It is now a majority-minority county, though non-Hispanic Whites remain a plurality (44% non-Hispanic White, 20% Black, 20% Latino, and 16% Asian). That alone often correlates to a leftier-lean, and potentially more suspicion of big spenders in politics.
  • Education: Montgomery County ranks seventh in the country in terms of residents with college degrees; third in the country for graduate degrees. It's possible that more educated voters are less effected by the boons one can buy with big money.
  • Political proximity: Montgomery County comprises the northwest suburbs of DC, meaning that it has a lot of government workers and thus a potentially unique level of political literacy. That could translate to greater levels of political engagement, counteracting availability effects that emerge from carpet-bombing advertising strategies.

Thursday, February 18, 2010

Broomball Roundup

They play with weak-sauce rules here at Chicago, but I'm just excited to retake the ice.

* * *

Early reports of a possible coup attempt in Niger.

Crazed South Carolina state Rep. wants to eliminate the use of US currency in his state.

Given that I don't drink at all, I found Alyssa Rosenberg's story of how she learned to drink surprisingly fascinating. Then again, she is just a really good writer.

BBC interviewee: One million Jews are secretly available to aid Mossad assassins.

Phoebe Maltz says she's too tired to give thoughts on the Wieseltier/Sullivan quasi-anti-Semitism throw-down, but even her exhausted contribution is pretty spot-on. Still, you should scope the older, longer version.

It must be tough being a news writer who can't even rely on he said/she said. Sometimes, one side is just wrong.

Whaling protesters as pirates?

This strikes me as pretty thin gruel in terms of a benefit for joining the UNHRC.

Israeli foreign ministry apologizes for snubbing J Street-linked American Congressman. This is yet another case of Deputy FM Danny Ayalon unilaterally embarrassing his country.

Friday, September 05, 2008

Civil Rights Roundup: 09/05/08

Your daily dose of civil rights and related news

What are Gov. Sarah Palin's views on race and civil rights? Her Alaska record leaves a mostly blank slate.

California politicians are looking to challenge the LPGA's new English profeciency rule -- the only one of its kind in professional sports.

Federal officials could not agree on whether a Muslim Imam from New Jersey had terrorist ties or not, and now an immigration judge has ruled he can gain permanent residency. Supporters of Mohammad Qatanani say he is a moderate who helped build bridges between Jews, Muslims, and Christians, as well as Muslims and law enforcement officers after 9/11. Opponents say he was linked to Hamas, citing his detention by Israel (where Qatanani claimed he was physically and mentally abused).

Pro-equality advocates in Maryland are trying to keep an initiative off the Montgomery County, MD ballot that would overturn county regulations protecting transgender individuals.

Chicago students -- mostly from the South Side -- boycotted their first day of classes and instead showed up at wealthy suburban New Trier High School in protest of massive educational inequalities in the area.

Another Texas execution is on the ropes following allegations that the judge and prosecutor were having an affair.

An open letter to Sarah Palin by National Advocates for Pregnant Women argues that her anti-abortion stand also threatens the liberty of women who take their pregnancies to term.

The Agriprocessors kosher meat plant is being attacked again for slaughtering practices that seem to violate both American and Kosher laws.

The same plant is also fighting desperately to prevent its workers from unionizing, despite an NLRB ruling requiring them to recognize one.

RNC police are denying they're using excessive force on protesters,

All-boys charter schools are causing controversy in Philadelphia.

The Treasury Department has to get cracking on making paper money accessible to the blind.

Sunday, April 06, 2008

Mr. Washington

Attention, law/grad schools! If you really want me to attend, this is an excellent idea. The amount of money is almost immaterial -- it's the performance that counts:
a friend in the office suggested we lay in a supply of thin black briefcases for grad and faculty recruitment purposes. we could cash out financial offers or start-up funds in one dollar bills, secure them in 50-note currency straps, and pack them into a stylish attaché case. if a recruit starts to waver, we'd pop it open dramatically, saying, perhaps mr. washington and his friends might change your mind. we don't have huge funds to throw around, but we can usually chip in fifty for gas.

Only grad students, of course, could be wowed by a brief case full of singles.