In his recent reversal on accepting money from so-called ‘superpacs,’ unregulated, untraceable, and limitless sources of campaign funding, President Obama acknowledged as much.
I’ve read numerous articles over the past couple of days outlining the ‘secret’ ways candidates amass war chests, both to fund their campaigns and to keep their potential challengers at bay, as if such was really a secret to anyone paying attention. Today’s Los Angeles Times says the president’s ‘superpac’ reversal reflects a ‘new reality.’
Nothing could be further from the truth, as this turn-of-the-century (that is, the last century) cartoon from Thomas Nast shows. Our politicians have always sung along with the tune, ‘It’s Money That I Love.’