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The U.S. House passed a bill today to end public financing of presidential campaigns, but the bid to kill a system considered outdated by some Republicans is likely to end there.
The vote was 239-160. Ten Democrats supported the measure and one Republican voted no.
The Obama administration is "strongly opposed" to the bill and wants to see public financing for presidential campaigns "fixed rather than dismantled."
Instead, the bill seeks to have presidential candidates rely on private funds for their campaigns and transfer the remaining balance in the Presidential Election Campaign Fund to the Treasury to help pay off debt.
The Obama administration is "strongly opposed" to the bill and wants to see public financing for presidential campaigns "fixed rather than dismantled."
Originally posted by DimensionalDetective
The bigger story is how this exponentially INCREASES THE POWER OF CORPORATIONS in funding presidential elections.
This is yet another enormous slap in the face of the "little people" and our gov and their Corporate masters literally doing an "in your face, worthless tax-serfs".
It is the handing over of even MORE power to corporate controlled, bought and paid for government.
Just when you think things couldn't POSSIBLY get worse, our sell-outs up the bar of criminality and corruption even further.
Sigh.edit on 26-1-2011 by DimensionalDetective because: (no reason given)