Proof that Citizens United undermines the democratic process: hedge funds & private equity firms are more vocally represented than voting citizens

http://www.washingtonpost.com/politics/in-cantor-hedge-funds-and-private-equity-firms-have-voice-at-debt-ceiling-negotiations/2011/07/22/gIQAZYNVYI_story.html

As the debt ceiling talks tick down to the Aug. 2 deadline, leading the opposition to any deal that includes higher taxes is the new tribune of rank and file House Republicans: Majority Leader Eric Cantor of Virginia.

. . .

Cantor’s pivotal role marks a rapid rise to power for the 48-year-old from the Richmond suburbs. It also represents a major coup for sectors of the investment community that Cantor has been striving to assist for several years — on the same tax issues that have been at stake this month. And so far, Cantor has prevailed on those issues.

 

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