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The presidential auction of 2012

Posted: December 14, 2011 - 5:20pm

WASHINGTON — The conservative radio host Michael Savage this week presented an unusual offer to Newt Gingrich.

“Newt Gingrich is unelectable,” Savage said of the improbable new front-runner for the Republican presidential nomination. “Therefore, I am offering Newt Gingrich $1 million to drop out of the presidential race for the sake of the nation.”

A million bucks? Come on, man.

Gingrich got $1.6 million being a lobby—, er, historian for Freddie Mac. He gets $60,000 a pop for speeches, by his own boastful account. He reportedly has generated $100 million in revenues by trading on his Washington connections.

Offering him $1 million to drop out of the presidential race is the political equivalent of Dr. Evil’s plan to hold the world hostage for one million dollars! But if Savage was a few zeros short on Gingrich’s price tag, his instincts were correct: Gingrich and his rivals are most definitely for sale. The Republican nominating contest resembles nothing so much as a Christie’s wine auction, as candidates accept, and toss about, dollar figures beyond the comprehension of the people they would serve.

“Tell ya what. Ten thousand bucks? Ten-thousand-dollar bet?” Mitt Romney proposed to Rick Perry in his now-infamous attempt at Saturday’s debate to resolve a dispute over health care.

Criticized for that high wager, Romney went on Fox News to say that Gingrich should return the $1.6 million from Freddie Mac. That led Gingrich, just days into his vow to stay “relentlessly positive,” to suggest that Romney should “give back all the money he’s earned from bankrupting companies and laying off employees.”

The positive front-runner also took a gratuitous pop at Perry, saying of the longtime public servant: “I couldn’t imagine he could cover a bet like that.”

To most Americans, lacking a spare $10,000 wouldn’t be considered a character flaw. But Gingrich is different: a member of Donald Trump’s Trump National Golf Club, he boasted on the campaign trail recently that he didn’t have to be a lobbyist because he was getting rich on the celebrity speaking circuit.

Romney can’t exploit Gingrich’s $100 million in revenues, nor his $500,000 line of credit at Tiffany’s, because his own net worth is $264 million and his own speeches bring in up to $68,000. If corporations are people, as Romney says, he is a man among boys — and his vast campaign stash is the main reason he still has a good chance to beat Gingrich.

President Obama (worth: as much as $11 million) would no doubt enjoy taking on either man, although the fun will be tempered by his own struggle to bring in $1 billion for his campaign, up from $750 million last time. For now, the task of taking on the plutocrats falls to GOP candidate Jon Huntsman, whose new website, www.10kbet.com, features a photo of Romney and his Bain Capital colleagues playing with cash.

For Huntsman to pursue this attack is a bit rich (his net worth: between $16 and $71 million). But the problem is not the candidates’ net worth or their campaign cash. It’s the impression they are giving that corporate interests are receiving something in exchange for the worth they’re helping to build and the cash they’re providing.

Even the relative pauper Perry got in trouble earlier in the campaign for supporting mandatory HPV vaccination after the vaccine’s maker, Merck, gave money to his campaign. “If you’re saying that I can be bought for $5,000, I’m offended,” he said.

But could he be bought for the more than $28,000 he actually got from Merck? And could the billions now regularly generated in campaign contributions — nearly $4 billion in the 2010 elections alone — have something to do with all the goodies for pet corporations? Though it’s difficult to trace specific government actions to contributions, there is no doubt in the aggregate that corporate interests can buy candidates for a modest investment.

Compared to $4 billion, Michael Savage’s $1 million won’t buy much: maybe a new, better-fitting suit for Ron Paul, a nice Christmas present for Herman Cain’s wife or enough cushion so that Sarah Palin doesn’t need to pitch another reality show.

In recent days, the gadfly Sen. Bernie Sanders, a Vermont independent, proposed a way out of this mess: a constitutional amendment that would outlaw corporate campaign contributions, overturning the Supreme Court’s Citizens United decision.

Ten thousand bucks says the idea goes nowhere.

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fishhead
5344
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fishhead 12/15/11 - 12:58 pm
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0

Bribes which is what

Bribes which is what "campaign contributions" really are give the best ROI than any other investment a corporation or wealthy person can make. It has to stop.

lakelander
708
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lakelander 12/15/11 - 01:31 pm
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0

salaries

CEO salaries went up a minimum of 27% while layoffs continue and wages are frozen. Guess that is their reward for streamlining their companies.

wolfg1
601
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wolfg1 12/15/11 - 02:43 pm
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"CEO salaries went up a

"CEO salaries went up a minimum of 27%"

All CEO's? I don't think so.

JohnBrown
55
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JohnBrown 12/15/11 - 04:30 pm
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All CEOs

I believe Lake is referring to a survey that was just released by GMI. In that survey it shows the median annual base salary of select CEOs of select publicly traded companies in the United States increased by 2.16% from 2009 to 2010.

Lake is, surprisingly, confused with the differences between salaries and compensation. As well as the differences between median and minimum. Oh, and the definition of CEO. Other than those few mistakes(and forgetting the private sector job growth this nation has experienced, the wrong percentage and the pay increases employees have seen) Lake's post appears to be factually correct.

jomammy
0
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jomammy 12/15/11 - 06:02 pm
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0

so lake is just

Unpublished

quoting snowflake's party lies/drivel? the world is the same today as yesterday i guess.who needs fox news

jomammy
0
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jomammy 12/15/11 - 06:03 pm
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they do

Unpublished

occupie space i guess.

lakelander
708
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lakelander 12/15/11 - 07:04 pm
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here you go

"American CEOs raked in fat paychecks last year, as head honchos netted a median 27% increase in compensation in fiscal year 2010.
Top executives from the S&P 500 scored a median 36.5% bump in realized compensation after two years of pay declines in 2008 and 2009, according to the ninth annual report from research group GMI.

The total chief executive earnings, calculated from more than 3,200 proxy statements, include base salary, pension and retirement plan payments, exercised options and more."

Yep...all comp and retirement bennies. Good to know they are keeping the wolf from the door.

And don't forget the final Comedy Hour is on tonight on Fox News. Enjoy!

Peace!

minnesnowda
16973
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minnesnowda 12/15/11 - 07:42 pm
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0

last debate before Iowa caucus tonight?

I almost forgot! the best show in town. I've watched most of them (I think I've seen more than most GOP's!)
The best show in town.....I love it how they clobber one another and the zany things they say. Love seeing it live!

The Iowa caucus is more conservative than mainline voters. Michelle won the early poll. Ron Paul will probably win in January.

I think Huckabee 'won' last time. We all know how far he went. Why do we bother with Iowa? Really?

tricia12
754
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tricia12 12/15/11 - 10:56 pm
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0

Oh.

Oh, those democrats are so judgmental.

marsbar
2878
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marsbar 12/15/11 - 09:26 pm
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Tricia 12 you are weird

obsessing about anonymous posters that I have never even seen post.

I think I'll flick on that debate, glad someone gave me a reminder.

lakelander
708
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lakelander 12/15/11 - 10:17 pm
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0

Bachmann

zinged Gingrich pretty good over being a lobbyist.

Oh oh...Ron Paul is being critical of her.

Chomp, chomp, eat your own, chomp, chomp.

Why don't they like Huntsman?

marsbar
2878
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marsbar 12/15/11 - 11:02 pm
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0

wild debate again - war with Iran!?!?

with the exception of Ron Paul giving a magnificent SANE anti-war speech,
and a somewhat moderate Huntsman - the rest appeared ready to go to war with Iran.

That's just scary. Didn't the Iraq war just end, um, today?

Obama's got a new campaign theme...."I won't take us into another impulsive war."

jomammy
0
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jomammy 12/15/11 - 11:53 pm
0
0

barry ended the war....

Unpublished

the troops are in Kuait now not coming home. phony end of war cause they are still there not home. yore fake leader is a farce and won't take us into a war he'll surender to his brothers. Looks like the lawyers and teachers and sientists in Egipt lost out now that the "flog the women" boys took over an cant wait to se libia do the same. Are you happy now? watta joke you simpletons are. One good thing, if obama keeps it up snowflake and the girls will have to be quiet.

marsbar
2878
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marsbar 12/16/11 - 03:49 pm
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0

man, I wish there was spell check on this site

it would truly help jomammy out

lakelander
708
Points
lakelander 12/16/11 - 05:37 pm
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at the GOP debate

Some of those guys were disappointed that the war in Iraq is over. They say we need to keep troops there. Then they would be handy when "they" get a war going in Iran.

Aren't we all our "brother's keepers?"

minnesnowda
16973
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minnesnowda 12/16/11 - 06:40 pm
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0

the debates are free to all

and some of the best unedited tv available :)

thanks again for confirming you have no tangible argument

because you resorted to name calling (again)

lakelander
708
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lakelander 12/16/11 - 07:41 pm
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0

we listen

Because we are smart enough to want to know what the right is saying that we have to refute when we go to work the next day. And then we can tell them some of the lies they heard. Like Bachmann's claims that politifact says she is telling the truth. Not!

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