Favors and loot for sale

Published September 9, 2014 1:23pm ET



At a July fundraising event in Chicago, Michelle Obama remarked, “So, yeah, there’s too much money in politics. There’s (sic) special interests that have too much influence.” Sen. John McCain has been complaining for years that “there is too much money washing around political campaigns today.” According to a 2012 Reuters poll, “Seventy-five percent of Americans feel there is too much money in politics.” Let’s think about money in politics, but first a few facts.

During the 2012 presidential campaign, President Obama raised a little over $1 billion, while Mitt Romney raised a little under $1 billion. Congressional candidates raised over $3.5 billion. In 2013, there were 12,341 registered lobbyists and $3.2 billion was spent on lobbying. During the years the Clintons have been in national politics, they’ve received at least $1.4 billion in contributions, according to Time magazine and the Center for Responsive Politics, making them “The First Family of Fundraising.”

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