Bush's and Clinton's Fat Cats

Abstract

As the 1992 presidential race went into full swing, Republican and Democratic fundraisers were busy soliciting $100,000 donations from corporations, labor unions and wealthy individuals. This kind of money is supposedly illegal in presidential campaigns, but both parties have found a way to launder it: by channeling it through their state affiliates and calling it “soft money.” Whatever its name, it is compromising the integrity of the system.