Thursday corporatocracy watch: orange

Foster Friess, unfortunately likable gajillionaire Santorum donor

When I checked the corporatocracy meter this morning, it was damn near red. It turns out that the Rick Santorum victories in Minnesota, Colorado and Missouri that came out of nowhere Tuesday night actually came from Foster Friess, a Tea Party supporter and mutual fund investor. Props to Mose for the link. When the Santorum campaign could not afford to purchase advertising, Friess’s donation to the Red, White and Blue Super PAC paid for a monster radio and television blitz in Minnesota. On Monday, meanwhile, President Obama announced that he would begin accepting the aid of super PACs, apparently reversing his position on entities he called a threat to our democracy. For a while there, it looked like the whole corporatocracy meter/valve/pump assembly was going to blow, but then the House banned insider trading by members of Congress. So we’re back to just running at maximum pressure.

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