Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
October 30, 2014

Black Money Power: A Tsunami of Corporate Funds

The current elections in India have brought a tsunami of political money from private firms that now can give an unlimited amount of money to political parties – in exchange for disclosing what they have donated.

A new article in The Economist, “Black Money Power,” highlights the changes brought about by a new legal framework in January 2013, that permits India’s largest industrial houses to use electoral trusts.

Campaigns for seats in India’s parliament and state assemblies are estimated to cost about $4.9 billion. They would rank second in the world to America’s 2012 $6 billion cost.

  • YONATAN C

    It’s been an ongoing struggle, and fight, for the 2.6 million unemployed workers in this country, who have been without unemployment benefits, since late last December. Over the past five months, these families have had to endure evictions, home foreclosures, personal bankruptcy, and homelessness, while waiting for the senate to pass the unemployment extension bill. The unemployment extension bill, has been held hostage, by the republican senate, as a political leverage tool, to get the XL Pipeline bill passed by the president. Clearly the republican’s focus is on making sure their lobbyist’s best interests are being represented. It’s sad that their total disregard for the plight of these poor unemployed families, have taken a backseat in their political agenda. While these republican senators continue to postpone, and delay voting on the bill, more and more families have seen their lives destroyed financially. These families need HELP NOW. The republicans have done themselves a great disservice by not passing the extension bill. This bill affects more than 2.6 million unemployed workers, who will vote against their party in the coming elections. These people will NOT FORGET

  • Rod Dainjer

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