In the age of the Supreme Court’s Citizens United decision – freeing billionaires to buy U.S. elections – many politicians know who owns their allegiance in office, but that financial obeisance grows even more when they leave government, as BillMoyers.com’s Michael Winship describes.
Four decades ago, Richard Nixon resigned, making him the first U.S. president in history to quit the office, the result of two years of a spreading scandal known as Watergate. But many Watergate reforms aimed at limiting the power of money over politics were short-lived, as Michael Winship observes.
The City of London is the UK’s Wall Street, not only in the sense that both are financial centers but they also serve as an intersection for money and politics, especially with the Conservative Party putting access to prominent politicians up for sale to the highest bidder, as Michael Winship recounts.
Even the hyper-partisan Newt Gingrich has chastised his fellow Republicans for endless negativity and lack of positive ideas. Still, as the wheels of government grind to a standstill, business lobbyists continue to grease them with lots of money, notes Michael Winship.