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How .05% of Americans buy our elections

August 1999

How many pockets does a political candidate have? As many as it takes. In recent years, the tailors have been busy fashioning and sewing new pockets into the suits of presidential and congressional candidates so big donors are not limited to a straight-forward $1,000 donation per candidate as the law provides, but instead have a blessing of pockets where they can stuff cash and curry favor. There's the old fashioned pocket for individual donors, though it's been expanded to include a special child's pocket, and there's the good ol' PAC pocket for corporate and union money. But now there's also a huge pouchy pocket for stashing unlimited "soft money," a leadership PAC pocket, a back pocket for tax-deductible contributions to a candidate's foundation, a state PAC pocket, and . . . oh so many more. [ read more ]