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Alex Sammon Profile picture
@alex_sammon
Oct 9 • 4 tweets • 2 min read • Read on X
Something truly insane: the crypto lobby, which two years ago was mostly Sam Bankman-Fried doing effective altruism, has now spent more money influencing elections over the 14 year period since Citizens United *than every industry other than fossil fuels.* slate.com/news-and-polit…
I wrote about the stunning evolution of the crypto influence machine, from one convicted criminal with a bad haircut to the faceless, merciless, corporate money machine, that has created the new playbook for both taking over elections and legislation. slate.com/news-and-polit…
They’ve borrowed a few things from AIPAC: don't even mention your policy issue in your ads. Raise and deploy money in huge quantities in specific races. They’ve also innovated new approaches. They're going to war with Sherrod Brown, and might put the senate out of reach for Dems.
Pro-crypto donors are also responsible for almost half of all corporate donations to PACs in the 2024 election cycle.

The crypto industry has finally inaugurated the new order post Citizens United, and it's wild, expensive, and sort of terrifying. slate.com/news-and-polit…

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More from @alex_sammon

Alex Sammon Profile picture
Nov 15, 2023
NEW: Sources say AIPAC is gearing up to spend over *$100 MILLION* as part of a campaign to knock the Squad out of congress in 2024. Cori Bush, Ilhan Omar, Jamaal Bowman, Summer Lee, and Rashida Tlaib are all marked for high dollar challenges. slate.com/news-and-polit…
The siege will be funded by Republican megadonors, and Democratic leadership has said nothing to dissuade it. Meanwhile, they created a blacklist of vendors when progressives launched primary campaigns against incumbents in 2019. The party's entire left flank could get wiped out.
It's easy to forget now, but the NRA used to be a rich bipartisan org that Democrats desperately wanted to endorse them. Then, it became a GOP operation, and now no Democrat would go anywhere near it. AIPAC seems to be following the same trajectory—unless it succeeds in 2024.
Read 5 tweets
Alex Sammon Profile picture
May 30, 2023
Car dealers are superrich, one of the top 5 jobs in the .1 percent of American earners. They are militantly organized and extremely conservative, donating to GOP at a 6 to 1 clip with one of the fiercest lobbying shops on earth. So I went to their annual blowout party weekend…
Dealers, the ultimate do-nothing middlemen, have also found themselves in the middle of the EV revolution. The choice to make electric vehicles the centerpiece of the Biden climate strategy means that these hyperpartisan conservatives are supposed to deliver decarbonization.
Dealers have also made more money in the last two years than ever; they’re at the height of their powers and yet: EVs threaten to ruin the party. Direct sales, lower cost of maintenance, all bad for the bottom line of a group w infinite political power that prob shouldn’t exist.
Read 5 tweets
Alex Sammon Profile picture
Jan 11, 2023
Great profile—deftly points to Yglesias's branding of aggressively conventional wisdom as unconventional, a trick that works bc his willingness to carry water for the rich/powerful is often so brazen it's hard to believe someone would say it so straight. washingtonpost.com/lifestyle/2023…
The explainer's dilettantish features are nicely surmised, but it's also worth adding that Yglesias is deeply incurious and a bad reporter, which is why he constantly gets stuff wrong (basis points, SBF, Santos, Andrew Yang as NYC mayor, etc).
why this is reflexively claimed by his affiliates as evidence of a profusion of "logic" is worth someone smarter than me taking up, though I think that it's also worth pointing out that his closest peer in this intellectual legacy is probably Ben Shapiro.
Read 4 tweets
Alex Sammon Profile picture
Dec 2, 2022
I'm pretty surprised there hasn't been more shame and consequence for the obviously corrupt crypto boosters in politics and journalism. @HeerJeet is doing god's work trying to force some accountability from Yglesias, but there are a lot of Voxworlders who are skating right now.
@HeerJeet explain to me again how the Vox vertical SBF paid for was working on a "profile" of SBF by a reporter who SBF said was a "friend," who then burned him by posting their chat log and everyone went home happy, no questions asked
A lot of people seem content to treat this as a no-harm-done opportunity that arose and didn't work out, which is not at all what has happened. h/t @dorajfacundo prospect.org/power/sen-gill…
Read 4 tweets
Alex Sammon Profile picture
Aug 24, 2022
Mondaire Jones caving to Sean Patrick Maloney's pressure and ceding NY-17 to him cost progressives two seats in congress. If not for that one move we'd be talking about a dominant night for New York progressives.
Somewhat similar story at the state level—if not for @KaeganForNY's spoiler campaign in SD-21 we'd be talking about a clean sweep for socialist candidates and 4 DSA members in Albany.
There's been some sticker shock at the stunning amount of money pouring in in support of centrists during this primary cycle, but they couldn't be farther from having a mandate. If you want to win as a moderate you have to outspend your progressive opponent by millions.
Read 5 tweets
Alex Sammon Profile picture
Aug 17, 2022
NEW: There's more to the NYT Ed Board's shock endorsement of Dan Goldman in NY-10. The Goldmans have extensive ties to the Sulzberger family, who own the paper, and publisher A.G. Sulzberger emphatically did not recuse himself from the endorsement process. prospect.org/politics/new-y…
One member of the Sulzberger/Perpich clan sent his only ever NY State political donation to Goldman's doomed AG campaign. The Goldmans and Perpichs were both on the board of elite Sidwell Friends while their six kids (Dan and NYT employee David) attended. prospect.org/politics/new-y…
The Jones campaign was given indication that a majority of Ed Board members supported their campaign but that didnt equal endorsement. A source told us that AG Sulzberger expressed an interest in the race. The paper said the board answers to the publisher. prospect.org/politics/new-y…
Read 6 tweets

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