David Axelrod, Barack Obama's top adviser, said yesterday on "Face the Nation" the the U.S. Chamber of Commerce is a "threat to our democracy." This statement is in response to the allegations that the Chamber is using foreign money to fund elections within the United States. When asked about the accusations Axelrod responded,"This issue of this special interest spending is very important. It's never happened before that organizations are spending this kind of money. And the American people need to ask, 'Why is the oil industry, Wall Street and others spending this kind of money to defeat candidates and elect others in this sort of secretive way?' You know, that is a threat to our democracy."
During the interview, Bob Schieffer mocked Axelrod saying “This part about foreign money, that appears to be peanuts."