Sunday, October 11, 2015

The U.S. oligarchs and presidential politics

Posted By on Sun, Oct 11, 2015 at 8:29 AM

click to enlarge HIGH LIVING: The Times assembled these among other aerial views of homes and a map with geographic locations of the super rich givers to presidential campaigns. - NEW YORK TIMES
  • New York Times
  • HIGH LIVING: The Times assembled these among other aerial views of homes and a map with geographic locations of the super rich givers to presidential campaigns.

The New York Times today offers a deep look (more details on-line than in the print version reprinted in the Arkansas Democrat-Gazette) at its analysis that shows a mere 158 families have contributed more than half the money raised so far for the 2016 presidential campaigns.

If anything, I think they set their sights low. One hedge fund zillionaire is listed for contributing $300,000 so far. He makes $68 million a month AFTER taxes. That $300,000 is like a contribution of $15 from a worker who makes $3,000 a month.

Yes, there are Arkies in the list, led by Ron Cameron, the Little Rock poultry baron who put $3 million into a Super PAC pushing the rapidly eroding candidacy of Florida tax fugitive Mike Huckabee, who called Arkansas home until big bucks started rolling in.

Scott Ford of Little Rock, whose Alltel and Stephens-related wealth is currently being put to use in part in a growing coffee business, chipped in $250,000. He gave to a Super PAC supporting Lindsey Graham.

I'm surprised Warren Stephens didn't make the Times' compilation. A quick check of Open Secrets shows this list of PAC contributions, not counting individual candidate expenditures. The Right to Rise PAC is for Jeb Bush. Maverick PAC also has Bush ties. Intimidated was a Scott Walker vehicle. American Crossroads was founded by Karl Rove to aid select Republicans. And so forth. He gave another $30,000 or so to individual candidates.

click to enlarge screen_shot_2015-10-11_at_8.13.17_am.png


One interesting local angle. The Times set its cut off for the top families at $250,000 in giving. Michael Morton, the Fort Smith nursing home tycoon, has put more than $1.25 million into Arkansas judicial races the last 15 years — almost $50,000 alone last year to a single candidate for Arkansas Supreme Court, Justice Rhonda Wood. He gets a lot more bang for his bucks than $250,000 to a presidential super PAC, if Michael Maggio is any indication.

PS — The Waltons you ask? Jim and Lynne Walton have chipped in $64,000 to the Republican National Committee. Alice Walton has given Hillary Clinton $2,700.

Tags: , , , , , ,

Favorite

Speaking of...

Comments (6)

Showing 1-6 of 6

Add a comment

 
Subscribe to this thread:
Showing 1-6 of 6

Add a comment

More by Max Brantley

  • The assault on Obamacare begins

    Donald Trump Friday night signed an executive order directing government to scale back Obamacare to the extent possible. Though the signing was mostly symbolic, it likely has implications for Arkansas.
    • Jan 21, 2017
  • Two dead in North Little Rock shooting

    two people were fatally wounded about 9 p.m. Friday in a home in the 1400 block of Division Street, North Little Rock.
    • Jan 21, 2017
  • 2nd Amendment meets the 1st in Fayetteville on campus carry

    They've had a forum in Fayetteville today on Rep. Charlie Collins' fervent desire to force more pistol-packing people onto the campus at the University of Arkansas (and every other college in Arkansas.) He got an earful from opponents.
    • Jan 20, 2017
  • More »

Readers also liked…

  • Arkansas conservatives react to same-sex marriage decision

    Jason Rapert, Mike Huckabee, the Meeks bros, Jerry Cox — beyond these extremists, it's hard to find statements from other Arkansas conservatives. That tell you something?
    • Jun 26, 2015
  • Arkansas: Land of .......

    Welcome to Arkansas: Land of cowardly politicians, discriminatory laws, inhumane turkey drops and lots and lots of Trump voters.
    • Oct 8, 2016
  • Monticello preparing for KKK rally

    Drew County authorities are taking precautions, but also watching their words, about apparent plans for a Ku Klux Klan meeting Saturday.
    • Jul 22, 2015

Most Shared

Visit Arkansas

1.73-carat diamond found at Crater of Diamonds State Park

1.73-carat diamond found at Crater of Diamonds State Park

Jack Pearadin and Doug Nelsen found a 1.73-carat diamond after nearly a year of searching the park's field.

Most Viewed

  • What's next for Hillary Clinton?

    Politico's Gabriel Debenedetti, filing from Little Rock, reports on the future plans of Hillary Clinton in the wake of her loss in the presidential election
  • UALR joins LRU in dead acronyms file

    Chancellor Andrew Rogerson has announced to staff that UALR will be known henceforth as UA Little Rock.
  • Collins files campus carry bill

    As expected, Rep. Charlie Collins yesterday filed a bill to force public universities and colleges to allow staff members to carry concealed handguns.
  • Bill filed to exempt certain police body-cam and dash-cam recordings from FOI

    Rep. Jeff Williams (R-Springdale) filed a bill yesterday to exempt any recordings from police body-worn cameras or dash cameras that is deemed "relevant to an investigation conducted by a law enforcement agency" from disclosure under the Arkansas Freedom of Information Act.
  • State Treasurer staffer resigns after offensive comments

    Treasurer Dennis Milligan today announced he has accepted the resignation of Hunter Hatcher, an Outreach Coordinator for the Treasurer's office. Hatcher publicly stated on social media that because Donald Trump was taking office, "Gay jokes are back on ya bunch of homos," and also made derogatory comments (in the form of lame jokes) regarding the role of women.

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation