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Palin: Big Oil’s new champion Saturday, 30 August, 2008

Posted by Farbod in Features, News.
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Press TV – Palin: Big Oil’s new champion.

Sarah Palin strongly supports oil drilling in Alaska and off the US coastline.

For many, John McCain’s choice of Sarah Palin for presidential running mate came as a surprise. Political heavyweights such as Mitt Romney or Tim Pawlenty had to stand aside for the little-known Alaska governor with “telegenic” looks.

McCain’s choice may not have been predictable but it shows him moving further towards the interests of the industry most concerned about a Republican victory this November – Oil.

US oil firms have given John McCain three times more declared campaign money than to Democratic nominee, Barack Obama. Big oil contributions to the Republican Party outweigh oil money to the Democrats by a similar ratio.

Sarah Palin hasn’t been in the game long enough to have shown all her political colors but on one key issue she has made herself abundantly clear. Oil drilling in the Alaska National Wildlife Refuge.

Palin describes it as “nonsensical” that the president should have to “ask the Saudis to ramp up production of crude oil” while “sister state” Alaska has the oil that “hungry markets” in America need. (more…)

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The real cost of the convention Friday, 29 August, 2008

Posted by Farbod in Features.
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Press TV – The real cost of the convention.

Over 100 years ago a man called William Hanna said, “There are two things that are important in politics. The first is money, and I can’t remember what the second one is.”

Hanna transformed how presidential elections are fought in the US. During campaigning for democratic candidate William McKinley, he went to big business and Wall Street and came back with over $3.5 million which helped push McKinley into the White House in 1897. Hanna was the forefather of Big Money Politics in the US.

Today, Big Money dominates American politics like never before. 2008 looks set to become the first $1 billion election campaign in history, with both Barack Obama and John McCain likely to raise over $500 million each in their bid to become president according to a former head of the Federal Election Committee (FEC). (more…)