Have you heard of William Dore, Foster Friess, Sheldon Adelson, Harold Simmons, Peter Thiel, or Bruce Kovner? If not, let me introduce them to you. They’re running for the Republican nomination for president.
I know, I know. You think Rick Santorum, Newt Gingrich, Ron Paul, and Mitt Romney are running. They are – but only because the people listed in the first paragraph have given them huge sums of money to do so. In a sense, Santorum, Gingrich, Paul, and Romney are the fronts. Dore et al. are the real investors.
Wow, I can only imagine how upset Mr. Reich is with President Soros.
(You might remember that Soros spent even more money—$26 million, to be precise—to try to get Kerry elected in 2004. If you search Google news for instances where Reich expressed displeasure about this, you’ll find nothing.)
And for the record, Citizen’s United makes it easier for non-billionaires to form groups and compete with the super-wealthy, who have always been able to spend whatever they want on political speech. That is, the very thing that bothers Reich is alleviated, not aggravated, by the Supreme Court’s decision.