New York Times on McCutcheon v. FEC: “Chief Justice John Roberts Jr., showing insincere naïveté, doesn’t consider that purchase of access to be corruption, which he apparently detects only in bribery. But the donors know that American politics is now for sale, and they are ready to buy.”
(Cartoon via Tom Toles)
Today, the Supreme Court released its decision in McCutcheon v. FEC, invalidating aggregate contribution limits and putting our elections more squarely in the hands of wealthy donors. In 2012, the aggregate limit was $123,200. Some of these donors are not happy.
“I’m poor again as a result. The fundraising consultants are the only winner in today’s decision.”
“We were already getting drained before, now it’s another means to suck out more cash without any actual return on value.
“At this time in the cycle many lobbyists have hit or are quickly approaching the federal max. This decision is like getting to the end of the Marine Corp Marathon and being told you have to run it again.”
“That number was tailor-made for me. It was very comfortable. My guess is I will give the same, maybe a little more. It was a convenient excuse at the end of a cycle.”
"The Supreme Court didn’t give me more money. I have a budget. I don’t have unlimited funds."
New York Times:
“We hate it. We were joking around with the partners today: Guess my kids are going to community college. There is going to be no end in sight. Campaigns now will take as much as you will give.”
“Many times I find myself saying to candidates, ‘I am sorry but my client is federally maxed out. That excuse for these donors is gone, and some people aren’t going to be happy.”
“It’s much more of a curse than a liberation. The sound you heard was the collective groan of all cycle-maxed donors.”
More from this weekend’s AdelsonFest in Las Vegas:
"The new big-money political landscape — in which a handful of donors can dramatically alter a campaign with just a check or two — explains both the eagerness of busy governors to make pilgrimages to Las Vegas, and the obsession with divining Adelson’s 2016 leanings."
(Cartoon via Matt Wuerker)