Holding Politicians Accountable

Posts tagged 2012

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New report from Demos and US PIRG:

In addition, the analysis found that just 132 donors giving at least $1 million were responsible for 60.4% of all the money Super PACs raised in the 2012 cycle.  $71.8 million of Super PAC money came from for-profit businesses.
This evidence shows that the first post-Citizens United election afforded corporations and large donors the opportunity to use their wealth to amplify their voices far beyond the volume of the average member of the general public - threatening the basic American principle of political equality - and they took full advantage.

New report from Demos and US PIRG:

In addition, the analysis found that just 132 donors giving at least $1 million were responsible for 60.4% of all the money Super PACs raised in the 2012 cycle.  $71.8 million of Super PAC money came from for-profit businesses.

This evidence shows that the first post-Citizens United election afforded corporations and large donors the opportunity to use their wealth to amplify their voices far beyond the volume of the average member of the general public - threatening the basic American principle of political equality - and they took full advantage.

Filed under 2012 big money super PACs

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Slate: Citizens United Is Still Worth Hating

"The super PACs spent much of the total$1 billion in outside expenditures raised in the 2012 campaign—a vast increase relative to 2008. And yet Democrats prevailed in many major races, retaining the presidency and a majority in the Senate. Does that mean that Citizens United doesn’t actually matter?

"No. Some Democrats did lose, and super PAC money may have made a difference. More insidiously, if Republicans have wealthier backers than Democrats (as they do), and spending for candidates improves their chances of winning (as it does), then the influx of money will shift Democrats to the right, so they can reduce the incentive of wealthy donors to give to Republicans or get some of the money for themselves. If you think President Obama went easy on the banks in the last couple of years, you might point to Citizens United as the explanation.”

Filed under Citizens United 2012

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Los Angeles Times: 2012 campaign set to cost a record $6 billion

"Accelerating spending by outside groups in the final weeks of the 2012 campaign will drive total spending on federal elections this cycle to a record $6 billion, according to a new analysis by the nonpartisan research group Center for Responsive Politics.

"That tops the record set in 2008 by $700 million, making this campaign the most expensive in U.S history."

Filed under big money 2012 elections campaign finance

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The Hill: House, Senate campaigns welcome lobbyists shunned by Team Obama

Democratic lobbyists shunned by President Obama’s campaign are turning their attention to Senate and House races in a bid for relevance as the fall’s action shifts to battleground states.

Lobbyists and other senior K Street denizens who want to help the Obama campaign are being offered routine jobs working phone banks and canvassing precincts, unusual fare for seasoned political hands used to making big strategic decisions.

Filed under lobbying 2012

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Washington Post: Paul Ryan donations from a now-convicted Wis. businessman could draw fire

"Democrats have wasted little time blasting Republican vice presidential pick Paul Ryan over his federal budget plan, but a more obscure part of his record could also draw attention: his relationship with a convicted Wisconsin businessman.

"Ryan accepted nearly $60,000 in contributions from businessman Dennis Troha and his family, records show. Troha was later indicted on campaign finance charges over an Indian casino he sought to open. During the casino application process, Troha said, the Republican congressman called federal regulators at his request.

"Ryan (Wis.) also supported a bill in Congress that benefited Troha and his trucking company, legislation that drew the interest of federal prosecutors because of the contributions Ryan and other congressmen had accepted from Troha and his family."

Filed under Paul Ryan 2012