Just twelve political donors are responsible for $1 out of every $13 in contributions to federal candidates and committees since the 2010 election cycle, according to a watchdog group Issue One, which wants less money in politics.
Article by Zero Hedge.
Together, the donors and their spouses donated $3.4 billion to all federal candidates, according to Bloomberg, citing the nonprofit.
Of the biggest donors, six were aligned with Republicans and six with Democrats. Topping the list were two donors who also self-financed their 2020 Democratic presidential campaigns: former New York City Mayor Michael Bloomberg and former hedge fund manager Tom Steyer. In total, Bloomberg gave $1.4 billion in the period and Steyer $653 million. -Bloomberg
The heavy donations began after the 2010 Citizens United Supreme Court ruling allowing for unlimited independent spending to influence elections. The Court ruled that independent spending on elections was protected under the First Amendment – which led to unlimited spending by Super PACs, “setting off an arms race of fundraising by groups seeking to influence elections,” according to the report.
“Our government can’t be responsive to all Americans if our elected officials are beholden to the elite donor class,” said Nick Penniman, the founder and chief executive officer of Issue One.
Big political donors tend to live in just a handful of wealthy zip codes. The top areas for campaign contributions are home to 2.5 million people, less than 1% of the U.S. population, but they accounted for 20% of the $45 million donated to federal candidates and committees. -Bloomberg
Other top Democratic donors include Paloma Partners hedge fund founder Donald Sussman, who gave $98 million, and Renaissance Technologies Founder James Simmons and his wife Marylin, who have donated $96 million.
The top GOP donors have been the late Sheldon Adelson and his wife Miriam, giving $523 million, followed by Uline owners Richard Uihlein and wife Elizabeht, and Citadel’s Ken Griffin.
Most “Conservative” News Outlets Are on the Big Tech Teat
Not long ago, conservative media was not beholden to anyone. Today, most sites are stuck on the Big Tech gravy train.
I’ll keep this short. The rise of Pandemic Panic Theater, massive voter fraud, and other “taboo” topics have neutered a majority of conservative news sites. You’ll notice they are very careful about what topics they tackle. Sure, they’ll attack Critical Race Theory, Antifa, and the Biden-Harris regime, but you won’t see them going after George Soros, Bill Gates, the World Economic Forum, or the Deep State, among others.
The reason is simple. They are beholden to Big Tech, and Big Tech doesn’t allow certain topics to be discussed or they’ll cut you off. Far too many conservative news outlets rely on Google, Facebook, and Twitter for the bulk of their traffic. They depend on big checks from Google ads to keep the sites running. I don’t necessarily hold it against them. We all do what we need to do to survive. I just wish more would do like we have, which is to cut out Big Tech altogether.
We don’t get Google checks. We don’t have Facebook or Twitter buttons on our stories. We don’t have a YouTube Channel (banned), an Instagram profile (never made one), or a TikTok (no thanks, CCP). We’re not perfect, but we’re doing everything we can to not owe anything to anyone… other than our readers. We owe YOU the truth. We owe YOU the facts that others won’t reveal about topics that others won’t tackle. And we owe America, this great land that allows us to take hold of these opportunities.
Like I said, I don’t hold other conservative sites under too much scrutiny over their choices. It’s easy for people to point fingers when we’re not the ones paying their bills or supporting their families. I just wish there were more who would make the bold move. Today, only a handful of other major conservative news outlets have broken free from the Big Tech teat. Of course, we need help.
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We know we could make a lot more money if we sold out like so many “conservative” publications out there. You won’t find Google ads on our site for a reason. Yes, they’re lucrative, but I don’t like getting paid by minions of Satan (I don’t like Google very much if you couldn’t tell).
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