Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Corporations Fund Both Party Conventions, Reap Huge Rewards
Posted
May 14, 2016
Views
107,365
Likes
2,054
Comments
430
Engagement
2.31%
May 14, 2016
107,365
2,054
430
2.31%
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8:16Now PlayingThe money used to fund both Democratic and Republican conventions is provided by the billionaire class, but this wasn’t always the case. Cenk Uygur and John Iadarola (ThinkTank), hosts of The Young Turks, break it down. Tell us what you think in the comment section below.
"This year the Republican and Democratic nominating conventions in Cleveland and Philadelphia will be bankrolled entirely with money from corporations and wealthy individuals. Not since the Watergate era, when a $400,000 pledge to the 1972 Republican convention from ITT Corporation was linked to a favorable outcome for the company in a federal antitrust decision, has this happened.
Industries with business before the federal government have long found opening their checkbooks for the conventions to be one of the most efficient means for influencing an incoming administration and Congress in one quick action.
Come July, some of America’s best-known companies will pay to celebrate the nomination of Donald Trump, whose racist rants have in the past caused NBC, Macy’s and Nascar to distance themselves from him. Progressive political groups like ColorOfChange.org and Credo Action are pressuring Coca-Cola, Walmart, Microsoft, Facebook and Google to cut off money for the Republican gathering. But the protest against Mr. Trump doesn’t address the deeper problem of corporate influence over both parties.”*
Read more here
Hosts: Cenk Uygur, John Iadarola
Cast: Cenk Uygur, John Iadarola
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The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 68pm ET.
Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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