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Campaign Funding

Vincent Viewpoints Header-vincent-ken[su_dropcap style=”flat”]H[/su_dropcap]ILLARY CLINTON claims that her primary presidential campaign is largely funded by small individual donations.

Well, according to the Center for Public Integrity, an independent investigative news agency, that really isn’t the case. According to their recent release the bulk of Clinton’s funding is coming from 4 huge PACs: USA Action, Ready PAC, Correct the Record, and American Bridge 21st Century.

2016-United-States-Presidential-Election-ScheduleThose 4 PACs have thus far funded her campaign to the tune of $86 million. Those PACs have also funded the Sanders’ campaign, though for much less.

So where did that $86 million come from? Certainly not from small individual donations. Those can be made direct to the candidate up to $2,700. It seems that three of the major sources are George Soros ( a long time major supporter of Obama), Haim Saban, and Donald Sussman. Then of course the Wall Street firms like Goldman Sacs have tossed in large bungles too.

One has to worry about such large funding coming from foreign interests and the very firms that a candidate has vowed to take down. All that and we haven’t even gotten to the main election campaign yet.

To be fair, the RNC has a large PAC too, though Trump is largely funding his own campaign so far.

It seems that all or most of the candidates are saying they will fight for campaign finance reform, though I haven’t heard any of them lay out a detailed plan on how that will happen. With hundreds of millions of dollars in the stream, I have to think that a serious effort to reform is very unlikely. But then that is just my opinion and probably based to a large degree on the fact that politicians seldom do what they say they will do. That is particularly true where their interests may be at stake.

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Ken Vincent
Ken Vincenthttp://sbpra.com/KennethVincent/
KEN is a 46 year veteran hotelier and entrepreneur. Formerly owned two hotels, an advertising agency, a wholesale tour company, a POS company, a leasing company, and a hotel management company. The hotels included chain owned, franchises, and independents. They ranged in type from small luxury inns, to limited service properties, to large convention hotels and resorts. After retiring he authored a book, “So Many Hotels, So Little Time” in which he relates what life is like behind the scenes for a hotel manager. Ken operated more that 100 hotels and resorts in the US and Caribbean and formed eight companies. He is a firm believer that senior management should share their knowledge and experience with the next generation of management.

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