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Mary Schapiro
Voters are left in the dark on campaign spending by corporations
Voters are left in the dark on campaign spending by corporations

Voters are usually inclined to vote their pocketbooks. But that's become more difficult with every election, as the pocketbooks that carry the most weight aren't those of the individual voter, but corporations and plutocrats. Recent history tells us that the magnitude of big donors' campaign spending rises as their commitment to the public interest shrinks. Mercury Insurance and its founder and chairman, George Joseph, spent a combined $31 million in 2010 and 2012 to pass two almost identical ballot initiatives to remake state auto insurance rules in Mercury's favor and to the public's disadvantage. The spending was so conspicuous that voters recoiled, rejecting...

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