By Eric Zuesse.
On Wednesday, May 17th, U.S. Vice President Mike Pence, who has built his political career as both a fundamentalist Christian, and a client of the libertarian Koch brothers’ extensive fundraising network, made his unofficial but starting bid to become the U.S. President: he formed an organization to raise funds from billionaires and centi-millionaires, in order for Pence to be able to distribute those wealthy investors’ funds to Republican politicians (especially to ones in the U.S. Senate and House) whom Pence favors, and who might reasonably then be expected to return that favor by their supporting a Pence bid to become the U.S. President. Of course, the Presidency is the only American political office that’s higher than Pence’s current one, the Vice Presidency.
This type of organization is called a “leadership PAC,” and the donors to it are thereby entrusting to the politician who has formed it, that politician’s ability and power to serve as the given donor’s agent to select other politicians to become agents of that given donor — Pence is thus becoming a financial middle-man, to control the distribution of those donors’ cash.
As Bill Allison of Bloomberg News headlined this action by Pence, on May 17th, <a target="_self" …read more