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| READING THE NEWS |
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"Sorry,
Mr. Lay. Your Money's No Good Here."
by
Eric Wallenstein
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As dozens
of our lawmakers rush to return the barrels of cash that Enron has spread
around Capitol Hill, one issue has unexpectedly come to the forefront
yet again: campaign finance reform.
According
to The New York Times, Enron "wrote campaign checks to nearly three-fourths
of the senators and over half the representatives over the years." Reform
advocates argue that such contributions helped Enron to get away with
not paying income taxes for four out of the past five years (by creating
more than 700 subsidiaries in the Cayman Islands that served as tax havens),
and may help them during the coming Congressional investigation.
As Enron-related
stories continue to make front-page headlines, the debate over campaign
finance reform is sure to continue as well. If you'd like to further investigate
the issue, we recommend the following books:
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The
Money Men: The Real Story of Fund-Raising's Influence on Political Power
in America
by Jeffrey
Birnbaum
This
revealing look into the world of fund-raising is a piece of thrilling
reportage that examines how Washington's pocket-stuffers seduce politicians
and what favors they get in return. And Birnbaum ought to know, since,
as a beat reporter for The Wall Street Journal, Time, and
Fortune, he's been sniffing down the money trail for years. Full
of larger-than-life characters and told in a lively style, The Money
Men is an eye-opening, page-turning delight that indicts both Republicans
and Democrats.
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Granny
D: Walking Across America in My Ninetieth Year
by Doris
Haddock
and Dennis
Burke
In February of 2000, 89-year-old Doris Haddock (AKA "Granny D") walked
from Los Angeles to Washington, D.C. to promote campaign finance reform.
Despite her arthritis and emphysema, Granny D made the 3,200-mile trek
and managed to stir up quite a lot of attention along the way. This journal
of her trip not only tells of Granny D's day-to-day travails, but also
reflects on her many memories of life. Frank, personal, and occasionally
hilarious, Granny D is a rousing story of an inspiring nonagenarian.
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The
Corruption of American Politics: What Went Wrong and Why
by Elizabeth
Drew
Documenting the recent unsuccessful efforts of reform-advocating legislators
like Senators Fred Thompson and John McCain, The Corruption of American
Politics is an excoriating glimpse into Capitol Hill's piggybank.
For Drew, a former reporter for The New Yorker, our current money
troubles are connected to larger problems, particularly to our nation's
post-Watergate lack of faith in politics. Yet, despite such deep-seated
dilemmas, Drew remains far from pessimistic, and even offers up offers
up many possible solutions to the money mess.
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Unfree
Speech: The Folly of Campaign Finance Reform
by
Bradley
Smith
Arguing
that campaign contributions are protected under our right to free speech,
Smith contends that our current system works pretty well, and that the
reform crowd is seriously misguided. While it might be shocking to some,
Smith even proclaims that we could use even more money in politics. There's
certainly more than a few points you could take issue with here, but Smith,
a Law Professor and current Federal Election Commission member, makes
a convincing and highly readable argument destined to appeal to reform
opponents.
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Washington
on $10 Million a Day: How Lobbyists Plunder The Nation
by
Ken
Silverstein
With
chapter titles like "Pimps to Power" and "Invasion of the Money Snatchers,"
Silverstein makes his agenda known from the get-go. He starts off with
an entertaining account of his undercover foray into fundraising schmooze-fests
-- he poses as the head of a fake Political Action Committee -- and then
introduces you to the power brokers that make Washington's wheels go 'round,
whose alarming tactics are sure to shock and incite. Thankfully, Silverstein
maintains his delightfully vicious sense of humor throughout. Pitch-perfect
for those of us who enjoy the occasional prank call along with our wake-up
calls.
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Reading
the News Archives
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