Wednesday, May 26, 2010
The results are all too familiar.
Senators who opposed the legislation received 16 percent more money from the financial industry than senators who supported it. For the House version, it was even more egregious: Representatives who voted No got 70 percent more money from commercial banks than those who voted Yes.
Is it a coincidence? You probably know what I think.
Special interest money continues to poison our politics, creating the impression that votes in Congress are bought and sold to the highest bidder. According to the CRP, the finance, insurance, and real estate sectors -- those that would be regulated by the financial reform bill -- showered $2.3 billion onto candidates, leadership PACs, and party committees since 1989.
We're going up against some deep-pocketed interests in our fight for electoral reform, but with your help I know we can beat them.
Please support our work with whatever you can afford. Your contribution will allow us to continue building this movement to make Congress accountable to the people. You'll help fund a series of TV ads and nationwide lectures aimed at recruiting new supporters and increasing the pressure on Congress to pass electoral reform.
Given the finance industry's lavish campaign spending, it's amazing the financial reform bill made it through Congress at all.
But for every good bill that survives Washington's economy of influence, there are dozens more that are blocked by special interest pressure. If their spending didn't work, they wouldn't waste their money. But since the campaign contributions are still flowing, the special interest groups must be getting something in return.
Together, you and I are going to stop this flow of special interest money. We're going to convince Congress to pass the Fair Elections Now Act to create a system of publicly funded elections. And we're going to restore the people's faith in our democracy.
Since the Citizens United ruling in February, we've been busier than ever. The Change Congress community has sent more than 20,000 letters to Congress urging their support of the Fair Elections Now Act. And in the past few weeks, more than 4,000 people have taken our Funders Pledge, vowing to withhold more than $4 million in campaign contributions from Congress members who oppose the Act.
We've got tremendous momentum, but we need your help to keep it going. We're running this organization as leanly and efficiently as possible, so you can be sure your contribution is used wisely.
Please contribute to Change Congress today:
Thanks again for all your support.
-- Lawrence Lessig