Stop me before I donate again

Leonard Harlan, former chairman, Castle Harlan, Fleur Harlan, board member, Manhattan Institute and Bernard Schwartz, chairman and CEO of Bls Investments, attend the Film Society of Lincoln Center tribute to Catherine Deneuve in New York, U.S., on Monday, April 2, 2012. Photographer: Amanda Gordon/Bloomberg *** Local Caption *** TKTK

Bloomberg has an interesting piece on left-wing donor Bernard Schwartz today that highlights the absurdity of so-called campaign finance reform and the Left’s crazy ongoing assault on Citizens United.

The headline is, Top Clinton Donor Wants A Law Against $1 Million Gifts Like His.

Mickey Mouse figurines and photos of grinning politicians surrounded the 90-year-old investor Bernard Schwartz in his Manhattan office on Thursday. Four days earlier, new federal filings showed he gave $1 million to a super-PAC supporting presidential candidate Hillary Clinton, making him one of her top backers and part of the campaign-finance system that her rival Bernie Sanders calls undemocratic and corrupt.

Schwartz, a former head of satellite maker Loral Space & Communications who’s no stranger to hefty political donations and was once a target of suspicion about the favors they buy, mostly agrees with the Vermont senator.

“PACs are a bad thing, it distorts the political process,” said Schwartz, who now manages his money as chairman of BLS Investments. “Rich people have the opportunity to get access.”

 Besides his August gift to Priorities USA Action, which supports Clinton, Schwartz has sent about $2.5 million of soft money to Democratic groups since 2010, according to Federal Election Commission filings. That year, a federal appeals court helped lift caps on what donors can give to some political action committees. Schwartz wants new limits, but he chuckled when asked how that clashed with his own generosity. He isn’t holding back, he said, as long as supporters of the rival party aren’t. […]
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