Bill and Hillary Clinton make speeches for big money. They took in $25 million for speaking over the past 16 months.
Who would pay them so much money? And why?
Speeches are only part of it. The people running for President are piling up money. They work with “Super PACs.” Super PACs are people and companies that will spend millions of dollars trying to elect a winner.
What do the people who give the money expect in return? They expect to be able to influence the victor. And, of course, it is not just the president they want to elect. They believe money buys access and influence from the local city council, all the way up to the President,
Why do some people send in small contributions of $25 and $50? Usually, it is because they believe in some cause. Social issues, such as the right to an abortion, may drive them. Money issues, such as raising the minimum wage, may drive them.
Experts believe that politics is driven too much by candidates’ need to raise money.
Who gets their money’s worth? Well, the people who backed losers wasted theirs.
In the end, whether giving millions or a few dollars, people act on faith. No one knows what his or her money will buy. For example, many people may have voted for candidate Barak Obama because he said he would close the prison at Guantanamo. President Obama has not closed it.
The money is best spent to turn out voters who say they support the candidate. Experts say only six out of every ten eligible voters will vote in the next presidential election. The people who do not vote may well decide who wins.
Source: The Wall Street Journal May 16, 2015