- More than five times as many legislators or their chiefs of staff offered to set up meetings with active donors than with local constituents. Why is it not corruption when the selling of access to our public officials upends the very core of representative government? When money talks and you have none, how can you believe in democracy?
- Who’s Buying our Midterm Elections?
Bill Moyers and Michael Winship, Bill Moyers & Company
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JP Morgan Chase & Co. Chief Executive Officer Jamie Dimon, left, and Goldman Sachs Chief Executive Officer Lloyd Blankfein leave the White House in Washington in 2009 following a meeting between chief executives and President Barack Obama. (AP Photo/Evan Vucci)
April 21, 2014 | The evidence of income inequality just keeps mounting. According to “Working for the Few,” a recent briefing paper from Oxfam, “In the US, the wealthiest one percent captured 95 percent of post-financial crisis growth since 2009, while the bottom 90 percent became poorer.”
Our now infamous one percent own more than 35 percent of the nation’s wealth. Meanwhile, the bottom 40 percent of the country is in debt. Just this past Tuesday, the 15th of April — Tax Day — the AFL-CIO reported that last year the chief executive officers of 350 top American corporations were paid 331 times more money than the average US worker. Those executives made an average of $11.7 million dollars compared to the average worker who earned $35,239 dollars.
Bill Moyers is an American journalist and liberal public commentator. He served as White House Press Secretary in the Johnson administration from 1965 to 1967. He also worked as a network TV news commentator for ten years.
Michael Winship is senior writing fellow at Demos and a senior writer of the new series, Moyers & Company, airing on public television.
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Who’s Buying our Midterm Elections? Bill Moyers, Moyers & Company
- Two investigative journalists talk to Bill about the role of dark money — and the wealthy donors behind it — in this year’s midterm elections.
- Bill Moyers Essay: The End Game for Democracy