According to OpenSecrets.org: Tracking Money In Politics latest analysis, conservative super PACs have outspent their liberal counterparts by more than $100 million. (*Note: This is a correction from something we posted last night, which noted a 10:1 spending imbalance. It’s more like 4:1.)
Because of the Citizens United decision, Karl Rove and the Republicans are looking forward to a breakfast the day after the election. They are going to assemble 17 angry old white men for breakfast, some of them will slobber in their food, some will have scrambled eggs, some will have oatmeal, their teeth are gone. But these 17 angry old white men will say, ‘Hey, we just bought America. Wasn’t so bad. We still have a whole lot of money left.’
Companies prefer GOP super PACS
More than 100 companies have combined to give $14.2 million to Restore Our Future, the super PAC supporting Republican presidential candidate Mitt Romney, according to a new analysis by the Center for Public Integrity.
That sum represents about 17 percent of the $82 million the group has raised through the end of June. Meanwhile, the pro-GOP super PAC American Crossroads, which was co-founded by Karl Rove, has collected about 23 percent of the $40 million it has raised from companies.
Corporate donors include financial firms, energy companies, dietary supplement makers and even a popcorn manufacturer. A handful are publicly traded, including a few Fortune 500 companies, but most are privately held.
Priorities USA Action, the main super PAC backing President Barack Obama, has only collected about 5 percent of the $21 million it has raised from companies.
Here’s a troubling video of Senator Roy Blunt (R-MO) being asked about whether or not it would be fine for foreign corporations to influence elections in total secrecy - using the legal disposition created by Citizens United v. FEC and Speechnow v. FEC. Even if the Senator Blunt answer is not reflecting a clear stand for or against foreign influence in the general elections, his answer suggest that the disclosure act “isn’t a serious legislative issue”.
A Chinese, Russian, or Venezuelan corporation can legally influence American elections in secret, simply by setting up a corporation here, then funding a 501(c) group with some innocuous name to run attack ads. The ads could help elect lawmakers who support trade or foreign policy issues favorable to these countries, and the whole process would be perfectly legal and undisclosed under our current campaign finance system.
In the very same time, the Associated Press released a poll result showing that
63 percent believe corporations or unions should not be able to spend as much as they want supporting political candidates, while 30 percent said they should spend freely.
Read the post here.
Note that
More than $130 million in secret money sailed through this loophole and into the 2010 elections; hundreds of millions more are flowing into this year’s races for control of the White House and Congress.
(via the Huffington Post)







