Free Markets, Free People
The Democrats are a gift that just keeps on giving. Hypocrisy R Us. They make a career out of it. You have a president who can’t get a single vote on the two budgets he’s submitted telling us why one which actually received a majority in one house of Congress is “out of touch”.
Then there’s the holier than thou, “we don’t take from special interests” ban on lobbyists and corporate contributions. Or not.
Democrats give special interests a role at convention
Organizers have found ways to skirt their own rules and give corporations and lobbyists a presence at the national event in September. The situation reflects President Obama’s difficulties in delivering on a vow to limit the influence of money in politics.
This is just wonderful stuff:
Despite the ban on corporate money, for example, convention officials have encouraged corporate executives to write personal checks, according to sources familiar with the fundraising. And they have suggested that corporations can participate by donating goods and services to the convention, and by giving up to $100,000 through a corporate foundation.
They have also quietly explained to lobbyists that while they can’t make contributions, they can help raise money from their clients — by soliciting personal checks from executives or in-kind contributions from corporations. Lobbyists who bundle high sums will get perks like premium credentials and hotel rooms.
Oh, how wonderfully clever. You have to feel all the confidence in the world in an organization that imposes rules on itself and then finds way to skirt them, don’t you? Of course, no surprise – remember how ObamaCare was passed.
Finally, another unsurprising twist:
Labor unions, meanwhile, are not specifically prohibited from giving.
Of course they’re not, because while any reasonable person would easily classify them as a “special interest”, the Democrats have simply decided not to. Why? Well corporations and lobbyists give to the GOP, so making them pariahs is politically expedient (even if they obviously don’t plan on spurning the pariahs they’ve created), but labor unions won’t give to the GOP so they’re left out of the “special interest” equation.
Ethics – don’t look to the Democrats if you’re wanting positive examples.
The first age of money was the age of gold and silver; your basic metal currencies. The second age was the age of the freely convertible fiat currency. The third age of money will be virtual, unhackable, and anonymous. So, this is what you call “interesting”:
Bitcoin is an open-source virtual currency generated by a computer algorithm that is completely beyond the reach of financial intermediaries, central banks and national tax collectors. Bitcoins could be used to purchase anything, at any time, from anyone in the world, in a transaction process that it is almost completely frictionless. Yes, that’s right, the hacktivists now have a virtual currency that’s untraceable, unhackable, and completely Anonymous.
And that’s where things start to get interesting. Veteran tech guru Jason Calacanis recently called Bitcoin the most dangerous open source project he’s ever seen. TIME suggested that Bitcoin might be able to bring national governments and global financial institutions to their knees. You see, Bitcoin is as much a political statement as it is a virtual currency. If you think there’s a shadow banking system now, wait a few more months. The political part is that, unlike other virtual currencies like Facebook Credits (used to buy virtual sock puppets for your friends), Bitcoins are globally transferrable across borders, making them the perfect instrument to finance any cause or any activity — even if it’s banned by a sovereign government.
All is proceeding as I have foreseen.