Tuesday, November 13, 2012

While Karl Rove get a bonus like Vikram Pandit's?

The day after the election, Bloomberg reported some numbers calculated by the Sunlight Foundation, a nonpartisan group fighting for greater transparency in campaign spending. The numbers are based on the number of races that Rove's groups helped finance in which Rove's choice actually won, compared to the total amount Rove's groups spent.
By the group's measure, 1 percent of the more than $100 million spent by American Crossroads achieved its desired results. Thirteen percent of the more than $70 million spent by Crossroads GPS did the same, the Sunlight Foundation said.... Only 5 percent of the money spent by the U.S. Chamber of Commerce resulted in its desired effect, as measured by the Sunlight Foundation.
Bloomberg quotes wrong-wing activist Richard Viguerie, which is rich irony indeed, as Viguerie is the patriarch of modern conservative political fundraising, and hence directly responsible for the corrupted system now in place.  
Conservative activist Richard Viguerie said in a statement Wednesday that "in any logical universe," Rove "would never be hired to run or consult on a national campaign again and no one would give a dime to their ineffective Super PACs, such as American Crossroads."
Of course, with usurers, speculators, and other assorted banksters running things, this is not a logical universe. Most recent evidence:
Citigroup CEO Vikram Pandit was pushed out the door of his company in October after overseeing a precipitous decline in his bank's value. Overall, Citigroup lost nearly 90 percent of its stock price during Pandit's tenure. But that won't stop Pandit from walking off with $6.7 million for his last year on the job.
I would really like some wrong-wing pundit to step up and explain why Citigroup needed to so richly incentivise Pandit's departure. I understand the argument that Wall Street has to pay large fortunes to attract the best talent (which obviously is not working, judging by business results; the billions the banksters are shoveling into their accounts from the U.S. Treasury should not be dignified by calling it "business"). But why pay so damn much to someone to get their less than useless butt off the premises? Just strengthens the argument that wrong-wingers refuse to respond to: the mythical "job creators" are really financial vampires destroying our economy by outright looting.

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