It's interesting that Biden was a big winner in terms of the big Citizens United money and Wall Street corporate money. From the opensecrets.org website:
>>>Spending by deep-pocketed national groups also is driving the total cost of election higher. In the month of October alone, outside spending by super PACs and other big-money groups totaled nearly $1.2 billion. These groups are spending
far more to boost Biden than help Trump, further aiding the Democrats cash-flush campaign. . . .
“When Citizens United was decided 10 years ago, conservatives were the quickest to jump on the newly permissible outside groups as a way to facilitate huge donations,” said Sarah Bryner, research director at the Center for Responsive Politics. “Now, liberal groups have more than made up the difference and are taking advantage of every opportunity available to get their message out.”. . .
When excluding multi million-dollar super PAC donations from megadonors, Democrats see far more money from most industries. . . . Several industries have flipped over to Democrats’ side under Trump’s presidency, including the well-funded
miscellaneous finance and
securities and investment industries.
Real estate is one of the few major industries to stay in Republicans’ corner during the Trump era, giving slightly more to GOP committees than Democrats. . . . Given their overall fundraising advantage, it’s not surprising that Democrats have gotten more from powerful industries. While Biden’s campaign is partly powered by small donors, it’s also boosted by Wall Street donors. The securities and investment industry has
given $74 million to Biden’s campaign and allied super PACs,
compared to $18 million for Trump’s reelection effort.<<<
Brennan Center said the follwoing about Citizens United in December of 2019:
>>>The ruling has ushered in massive increases in political spending from outside groups, dramatically expanding the already outsized political influence of wealthy donors, corporations, and special interest groups. . . .
A Brennan Center report by Daniel I. Weiner
pointed out that a very small group of Americans now wield “more power than at any time since Watergate, while many of the rest seem to be disengaging from politics.“
“This is perhaps the most troubling result of
Citizens United: in a time of historic wealth inequality,” wrote Weiner, “the decision has helped reinforce the growing sense that our democracy primarily serves the interests of the wealthy few, and that democratic participation for the vast majority of citizens is of relatively little value.”
An election system that is skewed heavily toward wealthy donors also
sustains racial bias and reinforces the racial wealth gap.
Citizens United also unleashed political spending from special interest groups.<<<
The 2010 Supreme Court decision further tilted political influence toward wealthy donors and corporations.
www.brennancenter.org
Perhaps Biden's win demonstrates that "our democracy primarily serves the interests of the wealthy few" and "sustains racial bias" and "reinforces the racial wealth gap"?
