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Canadian Company gives a Million $$$ to Romney

Northern Lawn

Northern Lawn

Platinum Member
And yet cannot give a single dollar to a Canadian politician. http://www.huffingtonpost.ca/2012/1...pac-donation_n_1943632.html?utm_hp_ref=canada

These are laws in Canada.You need to adopt them.


Who can donate

As of January 1, 2007, only citizens and permanent residents of Canada can make political donations to registered parties, registered electoral district associations, candidates, nomination contestants and leadership contestants.

Corporations, trade unions and unincorporated associations may no longer make political donations to candidates, registered electoral district associations or nomination contestants of registered parties. The existing prohibition on donations from these organizations to registered parties and leadership contestants of registered parties remains. However, an employer can give an employee who wishes to be a nomination contestant or a candidate a paid leave of absence during an election period, and that leave will not be considered a contribution.

Limits on donations

Contribution limits from individuals are now:

no more than $1,100* in any calendar year to each registered political party

no more than $1,100* in total in any calendar year to the various entities of each registered political party (registered associations, nomination contestants and candidates)

no more than $1,100* to each independent candidate for a particular election

no more than $1,100* in total to the leadership contestants in a particular leadership contest

Contributions to own campaign: Nomination contestants, candidates and leadership contestants may make additional contributions from their own funds to their own campaigns. These contributions are not indexed for inflation and do not count against the individual's contribution limit.

A nomination contestant or candidate of a registered party may contribute not more than $1,000 in total from his or her own funds to his or her own campaign; contestants may divide this amount between their nomination and candidate campaigns as they wish.

A candidate in an election, who does not represent a registered party, may contribute not more than $1,000 in total from his or her own funds to his or her own campaign.

A contestant in a particular leadership contest may contribute not more than $1,000 in total from his or her own funds to his or her own campaign.

Cash contributions: No individual may make a cash contribution in an amount that exceeds $20.

Receipts: A receipt must be issued for each contribution received of, or with a commercial value of, $20 or more.
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Actually, the money was given to a Super PAC as donating to Romney is illegal.

And the Canadian law you quoted would not apply to such a donation as it did not go to the party or the candidate. Plus it is a Canadian law and the US has its own laws on elections. You can refer to the Australian laws that would allow much more direct donations if you are looking for other laws.

Thanks for trying.

Michael (ps - I am Canadian if it counts for anything ....)
 
We'd require a constitutional amendment for that and to kill superPACs for it to be effective. Congress would just reverse it later when nobody is looking.
 
Well maybe corporations should be in control. I have a business and I take good care of it, so maybe your bosses will take good care of America. I mean it should be in their interest to keep the country thriving.
 
Corporations don't vote. The best they can do is spend money.

And your title is wrong as I and Fern have both pointed out.

Michael
 
Fern said:
#1 As Micheal has said, your title is wrong.

#2 Our SCOTUS has ruled has ruled that corporations are basically people with free speech. I.e., we cannot do what you recommend without amending the Constitution. That is exceedingly effin difficult.

Fern
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That's not true at all. We just need to change the makeup of the SCOTUS. The court has reversed the rulings of its predecessors many times.
 
Northern Lawn said:
Well maybe corporations should be in control. I have a business and I take good care of it, so maybe your bosses will take good care of America. I mean it should be in their interest to keep the country thriving.
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Modern corporations have no nationality, hence the term "multi-national corporations". They'll crash the economy to show a profit, if they can, if they can arrange their short-selling & derivatives positions before they pull the trigger... then work for hard money & deflation to enhance the value of the money they made doing so.

They'll take good care of the economy the same way that a rancher takes good care of his cattle before loading them up to go to the slaughterhouse...
 
They will attempt to profit, of course. It's business.

But, what a corporation is, is made up of Men and Women, that are trying to make money. This works for the multi-millionaire, the worker making a good living, and the worker making minimum-wage.

A corporation is just people.

-John
 
You could have cockaroach corporations, all illegal, nasty shit... and just your favorite Government, to decide whom is a winner, or a loser.

I prefer letting free markets reign. (Damned cockaroaches)

-John
 
Northern Lawn said:
And yet cannot give a single dollar to a Canadian politician. http://www.huffingtonpost.ca/2012/1...pac-donation_n_1943632.html?utm_hp_ref=canada

These are laws in Canada.You need to adopt them.
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McCain Feingold (aka Campaign Finance Reform) passed under George Bush I, was a travesty.

All it did was make people hide the money further, or something.

You tell me how Obama and Romney have Millions, some say Billions to spend, when a contribution is limited to $200

It's all a bunch of crap.

-John
 
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Jhhnn said:
Modern corporations have no nationality, hence the term "multi-national corporations". They'll crash the economy to show a profit, if they can, if they can arrange their short-selling & derivatives positions before they pull the trigger... then work for hard money & deflation to enhance the value of the money they made doing so.

They'll take good care of the economy the same way that a rancher takes good care of his cattle before loading them up to go to the slaughterhouse...
Click to expand...

I am curious if you work for a corporation or perhaps even have a high position in one? My career, after leaving public accounting, has all been working for corporations and I am now in a leadership position in the one I work for now. Your above position is fantasy. Maybe a hedge fund or a trading arm of a bank might have that viewpoint, but the vast majority of corporations a privately owned and local and are basically just your neighbours doing business. It is a tiny percentage of any corporation that uses derivitatives and almost all that do are hedging a currency or commodity.

Michael
 
Jhhnn said:
They'll take good care of the economy the same way that a rancher takes good care of his cattle before loading them up to go to the slaughterhouse...
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LOL, yeah!

I was trying to be a little sarcastic saying "corporations should be in charge". I was actually thinking of the Wayland corporation in the Alien Franchise. People are expendable.
 
Maybe you will start to realize, that Government exists, only to serve the individual.

That Corporations exist, only to serve the individual.

We, the people...

-John
 
So the bottom line is that foreign interests are paying American conservative groups in attempt to influence our elections, or more to the point, American conservative groups are on a foreign payroll and dancing a foreign jig.
 
Yeah, you go worry yourself about the legalities of supporting or opposing someone during an election.

I'd rather be free, like first amendment free.

-John
 
Zorkorist said:
You could have cockaroach corporations, all illegal, nasty shit... and just your favorite Government, to decide whom is a winner, or a loser.

I prefer letting free markets reign. (Damned cockaroaches)

-John
Click to expand...

You've demonstrated an ill conceived preference for ideological claptrap & platitudinous pablum over reality many times.
 
IronWing said:
So the bottom line is that foreign interests are paying American conservative groups in attempt to influence our elections, or more to the point, American conservative groups are on a foreign payroll and dancing a foreign jig.
Click to expand...

Yes. And if that million dollars gets that company a 50 million dollar contract, every other company here will see that as a wise investment.


@John... you should collect your thoughts and put them in one nice post instead of mini sound bites scattered all over the thread. Broken thoughts..
 
Michael said:
I am curious if you work for a corporation or perhaps even have a high position in one? My career, after leaving public accounting, has all been working for corporations and I am now in a leadership position in the one I work for now. Your above position is fantasy. Maybe a hedge fund or a trading arm of a bank might have that viewpoint, but the vast majority of corporations a privately owned and local and are basically just your neighbours doing business. It is a tiny percentage of any corporation that uses derivitatives and almost all that do are hedging a currency or commodity.

Michael
Click to expand...

Not that I care but to add some facts to the debate:

92 percent of US companies report using derivatives
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(% of large corporations)

http://www.derivsource.com/articles...es-help-manage-their-risks-according-isda-sur
 
That is a survey of Fortune 500 corporations, and I bet the major use is hedging currencies and commodities.

Michael
 
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