BILL MOYERS: Welcome. If you’re visiting a candidate this summer and looking for a thoughtful house gift, might we suggest a nice super PAC? Thanks to the Supreme Court and Citizens United, they’re all the rage among the mega-wealthy. All it takes is a little paperwork and a wad of cash and presto, you can have, as "The Washington Post" describes it, a “highly customized, highly personalized” political action committee.
It’s easy –super PACs come in all amounts and affiliations. You don’t have to spend millions, although a gift that size certainly won’t be turned aside. Cable TV tycoon Marc Nathanson got a super PAC for his friend, longtime Democratic Congressman Howard Berman from California, and all it cost was $100,000. Down in North Carolina, Republican congressional candidate George Holding received a handsome super PAC that includes $100,000 each from an aunt and uncle and a quarter of a million from a bunch of his cousins. Yes, nothing says family like a great big, homemade batch of campaign contributions.
GEORGE HOLDING: 2012 is the most important election we’re ever going to have.
BILL MOYERS: You can start a super PAC on your own or contribute to one that already exists. Super PACs are available for every kind of race – presidential, congressional or statewide. But there are other ways you can help buy an election. Look at the Wisconsin recall campaign of Republican Governor Scott Walker. At least fourteen billionaires rushed to Walker’s side. He outraised his Democratic opponent by nearly eight to one. Most of his money came from out of state. More than sixty million dollars were spent, and $45 million of it for Walker alone. Here are just a few of the satisfied buyers:
Wisconsin billionaire Diane Hendricks contributed more than half a million dollars on Scott Walker’s behalf. Fearful the United States might become “a socialistic ideological nation,” she’s an ardent foe of unions – and against, in her words, “taxing job creators.” True to her aversion to taxes, she paid none in 2010, despite being worth, according to "Forbes Magazine," about $2.8 billion dollars. Before he launched his crusade against the collective bargaining rights of working people, Governor Walker held this conversation with Diane Hendricks.
DIANE HENDRICKS: Any chance we’ll ever get to be a completely red state, and work on these Unions?
SCOTT WALKER: Oh yeah.
DIANE HENDRICKS: And become a right-to-work? What can we do to help you?
SCOTT WALKER: Well, we`re going to start in a couple weeks with our budget adjustment bill. The first step is we`re going to deal with collective bargaining for all public employee unions, because you use divide and conquer.
BILL MOYERS: And so he did. Walker also hauled in checks from the Texas oligarch Bob Perry for nearly half a million. Perry made his fortune in the home building business and is best known nationally for contributing four and a half million dollars to the Swift Boat campaign that smeared the Vietnam War record of Democratic presidential candidate John Kerry back in 2004.
Then there’s casino king Sheldon Adelson, who gave Scott Walker’s cause $250,000. Of course, that’s a drop in the old champagne bucket compared to the $21 million Adelson’s family gave to the super PAC that kept Newt Gingrich in the race long after the formaldehyde had been ordered. Adelson did not long mourn Gingrich’s passing, and is now giving as much as $10 million to the pro-Romney super PAC Restore Our Future.
Next up on Scott Walker’s list of beneficent plutocrats: Rich DeVos, owner of the Orlando Magic basketball team and co-founder of the home products giant Amway, which, thanks to Republican leaders in Congress, once shared in a $19 million tax break after a million-dollar DeVos contribution to the Republican Party. He’s a long-time member of the secretive Council for National Policy, a who’s who of right-wing luminaries.
And Louis Moore Bacon, the billionaire founder of the hedge fund Moore Capital – which in 2010 was fined $25 million for attempted commodities manipulation. A big backer of Romney, he, too came to Walker’s aid in Wisconsin.
I could go on and name more, but you get the picture. These are the people who are helping to fund what the journalist Joe Hagan describes as a “tsunami of slime.”
FEMALE: Newt Gingrich: too much baggage.
BILL MOYERS: Even as they are afforded respectability in the value-free world of plutocracy, they can hide the fingerprints they leave on the bleeding corpse of democracy.
And that’s how the wealthy one percent does its dirty business. They want to own this election. So if there are any of you left out there with millions to burn, better buy your candidate now, while supplies last.