Skip to content

Compliance Building

Doug Cornelius on compliance for private equity real estate

Menu
  • Home
  • About
    • About
    • About Doug
    • About This Website
    • Why I Blog
    • Speaking Engagements
    • Contact
    • Publications
  • Archives
    • Topic Archive
    • Book Reviews
    • Most Popular
  • Subscribe
  • Disclaimers
    • Disclaimers
    • Policies and Procedures
    • Use of Site Content
    • Comments
    • FTC Disclosure
Menu

Can Money Buy An Election?

Posted on February 22, 2016 by Doug Cornelius
Print Friendly, PDF & Email

When Jeb Bush dropped out of the Presidential race this weekend, my first thought was about all that money. Running for elected office costs too much money and all that money is seen a corrupting influence. One of the most controversial rulings was Citizens United that broadened the rights of corporations and unions when comes to political spending. This 2016 Presidential race is the first big test of the Super PAC.

Politician: Holding Out a Stack of Money

The Super PAC has lost. Or at least, they are not assuring victory.

Before I continue, I’ll let you know that I don’t like any of the current major candidates running for President. My political views don’t fit neatly into either party. (I’m liberal on social issues and conservative on economic issues.)

Jeb Bush had a huge war chest for his campaign between his own campaign and the Super PAC that had lined up behind him. He also had the Bush campaign infrastructure in place.

Hilary Clinton had  a huge war chest for her campaign, with a sweep of donations and a giant Super PAC behind her. She had the Clinton political machine in place behind her.

A year ago it seemed very likely that we would see Bush versus Clinton for President.

After three votes, it seems that money does not buy an election. Bush has dropped out after three dismal results. Clinton is in a tough fight with a Socialist Senator from the tiny state of Vermont.

Perhaps I see a bit more faith in democracy and hope that money alone will not buy an election. There is still too much money in politics.  Whether or not it has an actual corrupting influence, it certainly has the appearance of a corrupting influence.

Sources:

  • The Super PAC Bust in the Wall Street Journal
  • Citizens United v. Federal Election Commission

Share this:

  • Print (Opens in new window) Print
  • Share on Facebook (Opens in new window) Facebook
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on X (Opens in new window) X
  • Email a link to a friend (Opens in new window) Email

Leave a ReplyCancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Search for Stuff

Recent Stories

  • No Insider Trading Too Small
  • Cancel-Rebill and Screw Your Clients
  • New Risk Alert on Investment Adviser Annual Compliance Reviews
  • When Compliance Says “Do It”, But the Firm Doesn’t
  • Extending Compliance Dates for Form PF
  • The Massive Scope of Digital Asset Investment Scams
  • SEC Proposes Rescission of Political Contribution Rule for Investment Advisers
  • Is Failure to Disclose Misappropriation Committing Securities Fraud?
  • SEC Sweep of Fake Form ADV Filers
  • New Custody Rule Is On Its Way

Fight Cancer

Please support my Pan-Mass Challenge
Make a donation to fight cancer. donate.pmc.org/DC0176
pan-mass challenge badge

I am a lawyer, but I am not your lawyer. Since I’m a lawyer, this website may be considered attorney advertising under the ethical rules of certain jurisdictions. Please read my disclaimers page before taking any action. And then, don't take any action based on what I wrote.

Creative Commons logo with the text 'Some Rights Reserved' and three symbols representing attribution, non-commercial use, and share alike.

Compliance Building - by Doug Cornelius is licensed under a Creative Commons Attribution-Noncommercial 3.0 United States License.

© 2026 Compliance Building | Powered by Superbs Personal Blog theme