Money, Money, Who is allowed to have the MONEY?

Trying to revive her flailing campaign, Hillary Clinton has proposed a new campaign finance reform to limit the influence of big donors. That's easy for her — she's already raised millions from them.

Fast losing ground to Socialist Sen. Bernie Sanders, Clinton sounded a populist note Tuesday, issuing a sweeping campaign finance reform plan that would require greater political spending disclosure and give matching funds for small donations to federal elections.

"We have to end the flood of secret, unaccountable money that is distorting our elections, corrupting our political system and drowning out the voices of too many everyday Americans," Clinton said. "Our democracy should be about expanding the franchise, not charging an entrance fee."

Fine rhetoric, we suppose, but it should be noted that Hillary Clinton is one of the largest recipients of "big donor" money in the American political universe.
Federal Election Commission filings in late June showed Clinton raised $48 million from more than 250,000 contributors. According to the nonpartisan campaign finance watchdog Open Secrets, 82% of Clinton's contributions come from "large individual donors." And that doesn't include money from super PACs, which have raised $20.3 million on her behalf.

Her top donors read like a Who's Who of Wall Street, law, high tech, liberal academia and Hollywood. Morgan Stanley. Creative Artists. Latham & Watkins. Time Warner. Yale University. University of California. J.P. Morgan. Google.

All make the list.

A lot of the cash has been raised by "bundlers," powerful friends of Bill and Hillary who use their influence to bring in boatloads of money. They include Hollywood media mogul Haim Saban, billionaire J.B. Pritzker of Chicago, Las Vegas publisher Brian Greenspan and Susie Tompkins Buell, the founder of Esprit.

You know, the little people.

Moreover, as the Wall Street Journal reported in July, "Twenty of the campaign's so-called Hillblazers, or supporters who promise to raise $100,000 each for her campaign, have also given a total of at least $54 million to her family's charitable foundation."

But sure, she's going to clean up campaign finance.

Oh, and Clinton also wants to overturn the 2010 Citizens United ruling — the only thing that stands between Americans and their right to free political speech.

From desperate candidates come desperate ideas. Hillary's hypocritical reforms are just the latest example.

Read More At Investor's Business Daily: http://news.investors.com/ibd-editorials/090815-770049-clinton-plan-to-boost-small-donors-comes-after-raising-millions-from-big-sources.htm#ixzz3lHKVgDtr
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