UnThreaded | Threaded | Whole Thread (25) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: wecoguy Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 12878  
Subject: Re: Who's Against Prop 32? Date: 10/8/2012 3:44 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
In looking over the site, this popped up, puts them together nicely..

http://www.calaborfed.org/index.php/site/page/1252/

The Facts

Prop 32 was written to limit the voice of union workers and create special exemptions for corporate interests, giving the wealthy and well-connected even more political power to write their own set of rules.

Prop 32 exempts secretive Super PACs and corporate front groups, which can raise unlimited amounts of money from corporate special interests and billionaire businessmen to support their candidates or defeat their enemies. The measure does nothing to prevent anonymous donors from spending unlimited amounts to influence elections.

Prop 32 is NOT campaign finance reform, as its backers claim. The wealthy supporters of this initiative created exemptions for Wall St. hedge funds, real estate investors, insurance companies and other well-heeled special interests allowing them to continue contributing directly to the coffers of political candidates.

Prop 32 would severely restrict union members in both the public and private sector from having a voice in our political process. As a result, teachers, nurses, firefighters, police and other everyday heroes would be unable to speak out on issues that matter to us all—like cuts to our schools and colleges, police and fire response times, patient safety and workplace protections.

This measure would give corporate CEOs and their lobbyists even greater influence over our political system. Corporations already outspend unions 15-1 in politics. This measure would effectively clear the playing field of any opposition to big corporations’ agenda, which includes outsourcing jobs, gutting homeowner protections, slashing wages and health benefits and attacking retirement security.

Non-partisan groups like the California League of Women Voters, California Common Cause, Public Citizen and Public Campaign, who advocate for policies that curb special interest influence, are urging voters to REJECT Prop 32. Public Citizen calls it “an attack on labor masquerading as campaign finance reform”. California Common Cause says it “will do more harm to California's democracy than good.”

The primary financial backers are retired CEOs and millionaires associated with the extreme right-wing Lincoln Club of Orange County. All of the primary funders of the measure would benefit personally from the exemptions created for certain companies and organizations.
Despite the proponents’ claims that this initiative is geared toward “getting special interest money out of politics,” the truth is Prop 32 is a deceitful measure designed to silence working people while giving big CEOs and the very wealthy free rein to exert limitless influence on our political system.
Prop 32 is misleading, deceptive and full of consequences that hurt all of us. It does absolutely nothing to limit special interest influence on politics while severely curtailing working people’s ability to stand up to powerful corporate interests. The result would be a devastating tilt in power to big banks, corporate CEOs and billionaires that would further undermine California’s middle class.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (25) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement