there in the past it's a pretty simple premise if i'm a billionaire like shelly adelson or a wall street guy who are in a billion dollars a year and there are a bunch of them who literally bring home that much money every year and i know that if mitt romney and the republicans win i'm going to get a twelve percent tax cut why would i invest in their cause a twelve percent tax cut on a billion dollars is one hundred twenty million dollars that you get to keep in your pocket. that he's willing to invest one hundred million dollars on getting romney in the republicans elected so if his investment works out and his income next year is a billion dollars each oh a net profit of twenty million dollars on his investment in romney and the republicans and eight else is actually worth around twenty five billion so you may well end up profiting a whole lot more what citizens united is turn our politics into a gambling ring where the super rich can pick out a candidate or resource to invest or bet huge amounts of money into making sure that their racehorse wins knowing that if they if they invest wis

last segment we just kind of started the conversation about john mccain saying this money is shelly adelson is bringing is foreign money it's coming from a cow the supreme court has just busted open the doors with the citizens united ruling what should be appropriate boundaries sam. well this obviously isn't even before that we had twenty five hundred dollar contributions and we had pacs that people could bundle these money to and everything like that and it was all relatively transparent it was all we're all really i mean there's still a lot of problems in it i mean i think deal system is systems that we see employed around the world where you have complete public financing of elections everybody's getting the same money everybody's getting the same air time and elections are settled on the ideas and the visions that each candidate have for the country georgia is really nice and that actually works in a lot of countries yeah i mean i think it when we have public financing in our presidential elections in the u.s. and it was rock obama promised he was going to do it and decided not to so i'

you let's start out with the best government money can buy it seems like we officially have it shelly adelson has now come out and said he will pour at least one hundred million dollars into defeating president obama he's worth twenty five billion dollars so you know he probably would even notice one hundred million dollars there's a new report out that america's health insurance plans a hip the lobbying group for the health insurance industry. has. funneled more than one hundred million dollars to the chamber of commerce into this giant pool of cash and then we have the spectacle yesterday in the senate a block of senators basically throwing softballs of jamie dimon including chuck schumer the democrat bob corker and my crew other republicans all three of whom lose j.p. morgan chase is their number one campaign donor so do we have are we officially living in our oligarchy and why aren't you know there are democrats yelling about this i haven't heard republicans yelling about it why not heather well i think that you can have both sides the aisle crying out that you know there's there's foul p

that there you have to china the revenue they're getting is coming from american customers what shelly adelson is doing is he's going to macau he's building a casino and he's taking money from chinese no i was an obvious i misunderstood i thought that apple actually sold products of other countries including china. you're absolutely right ok so they made off with that and those profits you know that my point is it's very hard to argue that every time someone every company whether it's g.m. whether it's for what are you have companies not be allowed to contribute to the problem of money well we'll have to pick that up when we come back more of more of the night's politics coming up after the break. there hasn't been anything yet on t.v. . it is to get the maximum political impact. before source material is what helps keep journalism on the real world. we want to present. something else. it is easy to meet. if you. believe. in. it. would. be a. welcome back to our politics panel on her palin panel tonight sam sex progressive commentator and george landreth president of from two years of freedom

. >> and i think with shelly adelson, and essentially his money was put before the will of the people. the will of the people said that newt gingrich should have been out by the voting, but what happened is that shelly said, i will give you $5 million to keep him. and that changed the dynamics of the republican primary for several weeks, but more importantly, he could write a single check to overthrow the will of the voting public. >> i have a dirty little secret. i have 1% or porn on the ipad and what i mean by that is that i love the forbes app, and the forbes lists app and i have like the 400 richest people in america app and i go through it and i am face nated by who is john paulson and click on him on the forbes app, and tied for fifth on the forbes 400 which i spend a lot of time just trying to figure out what their motivations might be, tied for fifth are the koch brothers at $17.5 billion apiece, and what we are looking at is the percentages that occur if you look at a sort of the amount they are going to spend for them, right, for their net worth, and their $200 million, and

newt gingrich got $20 million from shelly adelson.that money overwhelmed and shouted down the voices of republican primary voters who didn't want newt gingrich. they made it very clear, he kept whining and complaining it wasn't about getting out his message. i think people were hearing his message loud and clear, they just weren't choosing him. joe's right to some degree we need money to do some of the things we do in campaigning but i think the corrupting influence is part of what we saw exactly from newt gingrich, and obviously the changes that we're seeing with citizens united mean that the race, it's like an arms race, right? the race for cash -- >> it's also we're seeing how much time they're having to spend out there raising that money, we don't know, frankly, in mitt romney's case, because he puts it down on his public schedule necessarily. from "the new york times" today, "both candidates are spending more time at this point chasing dollars than votes and are scheduling their travel accordingly, meaning they often find themsel

shelly can berkeley. dean will get a ton of money from sheldon adelson and karl rove but it's horrible where you don't know from, if it's coming from like the koch brothers sponsored wisconsin. everybody knows that. but, also, all of these other people, there is no way we could proceed test. we can't argue we can't fight. it come come from china, russia africa. you don't know. >> joe, hey, jim, appreciate the call. it is right. under the 501 c -- 501 c3-4. >> yeah, 4. yeah, that there are two different organizations taken out. you know who gave money and the other, jim's right. right? >> right. these are supposed to be -- they are supposed to be public service organizations that addvocate public social causes like the naacp, to name one. but they are trying to crossroads gps is trying to use that as a subtra trevfugeh. so are we at crossroads gps. that's one big problem. this is where the flood of money comes in because people don't want to be tied to their donations. they don't want to be revealed because exactly right. they don't want to be protested. they don't want to be called out as advocating a cert