Robert Reich: Suck Up Big Money for PACs

Posted by admin on Friday, August 5, 2016

both the DNC & RNC are intended to vacuum up money from the wealthy and corporations on Wall Street Money Quote saying . both the DNC & RNC are intended to vacuum up money from the wealthy and corporations on Wall Street. Robert Reich said:
 
The Democratic National Committee - like the Republican National Committee - has become little more than a giant machine designed to suck up big money from wealthy individuals, lobbyists, bundlers and corporate and Wall Street PACs Quote
 

“The Democratic National Committee – like the Republican National Committee – has become little more than a giant machine designed to suck up big money from wealthy individuals, lobbyists, bundlers and corporate and Wall Street PACs” — Robert Reich

 

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In this quote, Robert Reich is criticizing how both the Democratic and Republican national parties have become heavily reliant on large donations from certain influential groups.

He argues that the DNC and RNC now function primarily as “machines” focused on soliciting huge sums of “big money” from wealthy individuals, paid lobbyists, large fundraisers known as “bundlers”, and political action committees representing corporate and Wall Street interests.

By describing their purpose in such terms, Reich aims to portray them as being driven more by fundraising from these particular powerful financial backers rather than representing average citizens.

Overall, he sees this quote as highlighting both parties’ disproportionate dependence on large donations from certain sectors, which he implies can undermine their responsiveness to ordinary voters.

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