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President Donald Trump’s return to the White House comes almost exactly 15 years after the U.S. Supreme Court issued its landmarkruling, which opened the floodgates for corporations and billionaires to pour unlimited money into elections. At Trump’s inauguration on Monday, the front row included several of the world’s richest and most powerful men, including Tesla’s Elon Musk, Meta’s Mark Zuckerberg, Amazon’s Jeff Bezos, Apple’s Tim Cook and Google’s Sundar Pichai.
. And for people who don’t understand what it is, trace the trajectory of the Supreme Court decision right through to the power of Elon Musk in the White House today.So, everything that Rob Weissman just described is entirely accurate. And it’s a result — Musk’s astonishing influence over Trump and this new administration, you know, is not just a result of his right-wing celebrity, his personal wealth, his ownership of X.
And again, this is a power that is attributable to Musk’s ability to pour over a quarter-billion dollars into the 2024 election, which is a direct result of the Supreme Court’sAnd, Brendan, you noted that former President Biden used his farewell address to warn the country of the move, a greater — of the country veering toward an oligarchy. Yet, what did Biden do during his presidency to restrain the influence of money in politics?Not much.
So, Biden’s legacy, in many ways, on money in politics is one of deregulation. You know, it’s on his watch that the FEC has really accelerated this deregulatory turn and has allowed even more money and even more unregulated money to flow into the U.S. political system.As Donald Trump is inaugurated a second time, independent media organizations are faced with urgent mandates: Tell the truth more loudly than ever before.
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