Forbes, the money publication, reports on who’s giving money to the Super PACs in hopes of affecting the upcoming elections so the flow of assets from the public purse into their pockets isn’t interrupted. Since there aren’t all that many billionaires, their donations, as reported to the Federal Elections Commission, are easy topics for lazy journalists. Having them aggregated in so-called Political Action Committees makes them even easier to track. Like the votive candles in a rack, donations attest to the devotion of the congregation. The Lord of Little Rock, Warren Stephens, worships at the altar of Karl Rove’s American Crossroads PAC, to the tune of $350,000.
Given that’s a mere pittance from a billionaire, it might suggest that, despite Willard Romney’s characterization of them as “really scared,” the sense of insecurity banker Stephens and his cohorts may be trying to assuage is not all that great. But then, Romney’s still nattering about the economy getting worser and worser. So, perhaps his prognostications are not to be believed. He’s no Willard Scott.
That said, I think it’s good news that billionaires are sending some of their stash in the direction of the electronic media. Selling political candidates may seem tawdry, but they’re more entertaining and less filling than super-sized soft drinks and high carb snacks. Getting the American electorate hooked on politics might even be salutary in the long run.
Wallywood on the Potomac has been three decades in the making and has a substantial fan base.