Glorifying plunder

Terrence Heath took a look at the amount of money flowing into the Super PACs. For example, Sheldon Adelson, casino owner, has poured $11 million into Gingrich's Super PAC (which is the amount of money Adelson earns before noon). The money has been flowing so freely that some candidates are spending their own campaign funds a bit too quickly, trusting the PAC will fill in the slack.

Practically every news story (at least the ones I hear) about Super PACs remind listeners that the candidate cannot coordinate with the Super PAC. Greg Palast of Truthout sees it a bit differently. He says while a Super PAC may declare it is for a particular candidate, it is actually for the 1% who funds it. Ponder that for a moment.

That leads to some interesting situations. Restore Our Future is the Super PAC behind Romney. It is funded mostly by Paul Singer and the Koch brothers. This PAC has raised over $30 million. Perhaps half has not been spent. Why wasn't that money spent on the Colorado primary, which Romney came in second by less than 4,000 votes?

Palast believes Singer-Koch doesn't really want Romney as president (nor Santorum, nor Gingrich, nor Paul). Those are the same sentiments of a large portion of the GOP voters. So Singer-Koch are spending on Romney in such a way that he doesn't quite get enough votes to win the nomination. Then at the convention someone else can be nominated. There is, of course, lots of speculation who that person might be.

With the amount of money the 1% are giving the Super PACs it is clear to Heath they are not donating the money, they are investing. They want something in return. What is that something? Heath quotes Frederic Bastiat:

When plunder becomes a way of life for a group of men living in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it.