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The Hartmann Report

Republicans Dismantling our American System - Free Podcast

The Hartmann Report

Thom Hartmann

The Hartmann Report, Climate Change, Democracy, News, America, Debate, Congress, Economics, Thom Hartmann

4.51.3K Ratings

🗓️ 19 January 2018

⏱️ 10 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

Here's my favorite ramp for the day excerpted from our podcast which you can find over at Tom Harbin.

0:04.7

Come.

0:07.0

For the fact that fewer than 16,000 donors is this from the Washington Post by

0:12.0

Michelle He Yee He Lee.

0:15.0

Fewer than 16,000 donors accounted for half the federal campaign contributions in 2016.

0:21.0

Half. Super PACs spent 1.1 billion in our last election. 1.1 billion dollars.

0:30.6

Super PACs didn't even exist before Citizens United.

0:35.4

Wealthy individuals accounted for 64% of the contributions to the

0:40.6

Super PACs. So we basically basically 16,000 owners accounted for half of all

0:45.7

campaign contributions. I would guess that it's probably a few hundred or a few

0:50.2

thousand maybe at the most that probably accounted for you know somewhere

0:54.9

between a quarter and a third although this doesn't break those those numbers out

0:58.2

like it should there's the the very real possibility of a government shutdown tonight.

1:05.0

We'll see how this goes and what happens and if it happens and all that sort of thing.

1:10.0

But the last time we had a government shutdown was when President Obama was president.

1:16.0

This was in October of 2013.

1:18.0

And the Republicans shut down the government because they wanted to destroy the Affordable Care Act.

1:24.1

And it lasted about two weeks, as I recall.

1:27.7

According to Standard and Poor, Haley Miller writing over at the Huffington Post about

1:31.6

this. Creating a Standard and Poor is is that shutdown that two-week shutdown

1:35.0

cost our US economy 24 billion dollars

1:40.0

of course as long as you know the stock market keeps going up and the rich keep getting rich,

...

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