No Cash of Titans: Kicking Potential Canadian Politicians in the Money Bags

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No Cash of Titans: Kicking Potential Canadian Politicians in the Money Bags

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Barry Artiste Op/Ed

Corporations and Wealthy Individuals fronting Politicians to the tune of millions of dollars during election periods are always seen to be looking to Curry Favour with Politicians through Fundraising, Single Donations to a political party in the Millions of Dollars will stop once Parliament Resumes.

That puts failed Liberal Leader Stephane Dion in the Red, Liberal Red Big Time.

It is said he borrowed up to $500,000.00 in the last failed Election Bid for Prime Minister. Now it is time to pay it back.

Once Parliament resumes, there will be no more borrowing, as ethically any potential Politician if elected would be beholden to their Creditor, resulting in questions if the Politician really has Canadians interests at heart or his Financier.

With the Liberal Leadership now in question, potential Liberal Leaders may be far and few between if they are limited to a paltry individual donation of a one time $1,000 per person, corporation or wealthy organization including Unions. 

That means Politicians will be forced to mingle with the little folk across the country and attend numerous pancake breakfasts, baby kissing, community events etc.  What does that all mean?

It means Politicians will have to give more face time with the voters, including the ones who have complaints o plenty.  Gone will be the unseen faces of voter content, because someone saved the Politician the embarrassment of knocking on every door, if they  loan or give them $500,000 dollars for their campaign.

Guess it is time for Voters to put their money where their mouth is when the next election comes a calling and politicians are knocking on your door for a few bucks to keep them solvent.

Leadership wannabes may want to rethink their leadership bids, especially if they really have to work for it a $1,000.00 at a time to get a half million dollars.

Currently the Liberal and Conservative look to big business to supplement their election bids, with the NDP looking to Labour and Unions to prop up their Election Coffers, it seems that the Bloc Quebec pretty much depends on individuals more to get elected, so they are less screwed.

The Green Party, well let's just say after the recent NO Win Election, obviously they don't rely on Corporate Money, and it looks like many who profess to be ardent Green Supporters, do not seem to walk the walk as it is obvious Green Voters ain't too fond of parting with their "Green" to fill the Green Party Coffers, as Elizabeth May it is said is about a $1 Million Dollars in the Hole.

The big winner in all this are the Independent Politicians who rely solely on Individuals for monetary support, because let's face which Bank or Corporation would outlay $500,000 for a one trick horse and pony show.

The next election in 4 years will certainly be interesting for all political parties as they hustle to part Canadian Voters of their hard earned Cash!

http://www.ottawasun.com/News/Columnists/Weston_Greg/2008/10/29/7246091-sun.html

Thu, October 30, 2008

No cash of titans?

Debt, donation rules make life tough for wannabe Liberal leaders

By GREG WESTON

When the newly re-elected Conservative government recalls Parliament sometime late next month, one of the first orders of business will probably be to kick the leaderless Liberals where it hurts -- squarely in the bank account.

A senior government official says Stephen Harper's administration will move quickly to bar political candidates and parties from accepting loans as a way to dodge electoral financing laws.

The move could leave the already cash-strapped Liberals trying to run their coming leadership race on pennies, hot air and used buttons. Too bad, so sad.

The loophole makes a mockery of everything political financing reforms were supposed to achieve. Current federal law bans political donations from corporations and unions, and limits individual contributions to $1,100 a year.

Instead, the last Liberal leadership contest that crowned Stephane Dion was fuelled by millions of dollars in IOUs, many of them five-figure loans to individual candidates from banks, private corporations and wealthy individuals.