Sep 192012
 September 19, 2012  Posted by at 4:39 pm financial, politics  Add comments

Former President Jimmy Carter has issued a blistering indictment of the U.S. electoral process, saying it is shot through with “financial corruption”. The dynamic is fed, Carter said, by an income tax code that exacerbates the gap between the wealthiest Americans and the rest of the electorate, allowing the rich even greater influence over public discourse and electioneering. He said the United States should return to publicly financed elections for president.

In fact the situation is even worse than Carter says because most of the money funnelled into elections is spent on media advertising. Any corporate journalist trying to highlight this corruption issue is likely to incur the anger of their proprietor. There is a closed loop. Government funds are channeled to the Washington/Israel corporate nexus in the form of spending on the military/industrial security and prison industries. The money is invested in buying politicians and lobbyists. They in turn channel the money into media advertising.…