Right on the money

Frank Rich on money in politics:

Now corporations of all kinds can buy more of Washington than before, thanks to the Supreme Court’s Citizens United decision and to the rise of outside “nonprofit groups” that can legally front for those who prefer to donate anonymously. The money laundering at the base of Tom DeLay’s conviction by a Texas jury last week — his circumventing of the state’s post-Gilded Age law forbidding corporate campaign contributions directly to candidates — is now easily and legally doable at the national level....

The most recent Times-CBS News poll found that an extraordinary 92 percent of Americans want full disclosure of campaign contributors — far many more than, say, believe in evolution. But they will not get their wish anytime soon. “I don’t think we can put the genie back in the bottle,” said David Axelrod as the Democrats prepared to play catch-up to the G.O.P.’s 2010 mastery of outside groups and clandestine corporate corporations.

The story of recent corporate political donations — which we may never learn in its entirety — is just beginning to be told. Bloomberg News reported after Election Day that the United States Chamber of Commerce’s anti-Democratic war chest included a mind-boggling $86 million contribution from the insurance lobby to fight the health care bill. The Times has identified other big chamber donors as Prudential Financial, Goldman Sachs and Chevron. These are hardly the small businesses that the chamber’s G.O.P. allies claim to be championing.

Since the election, the Obama White House has sent signals that it will make nice to these interests. While the president returns to photo ops at factories, Timothy Geithner has already met with the chamber’s board out of camera range. In a reportorial coup before Election Day, the investigative news organization ProPublica wrote of the similarly behind-closed-doors activities of the New Democrat Coalition — “a group of 69 lawmakers whose close relationship with several hundred Washington lobbyists” makes them “one of the most successful political money machines” since DeLay’s K Street Project collapsed in 2007

And Ted Koppel on money in journalism:

We live now in a cable news universe that celebrates the opinions of Olbermann, Rachel Maddow, Chris Matthews, Glenn Beck, Sean Hannity and Bill O'Reilly - individuals who hold up the twin pillars of political partisanship and who are encouraged to do so by their parent organizations because their brand of analysis and commentary is highly profitable.

The commercial success of both Fox News and MSNBC is a source of nonpartisan sadness for me. While I can appreciate the financial logic of drowning television viewers in a flood of opinions designed to confirm their own biases, the trend is not good for the republic. It is, though, the natural outcome of a growing sense of national entitlement. Daniel Patrick Moynihan's oft-quoted observation that "everyone is entitled to his own opinion, but not his own facts," seems almost quaint in an environment that flaunts opinions as though they were facts....

The transition of news from a public service to a profitable commodity is irreversible. Legions of new media present a vista of unrelenting competition. Advertisers crave young viewers, and these young viewers are deemed to be uninterested in hard news, especially hard news from abroad. This is felicitous, since covering overseas news is very expensive. On the other hand, the appetite for strongly held, if unsubstantiated, opinion is demonstrably high. And such talk, as they say, is cheap.