Stunning Statistics of the Week:
- $7 million: Amount Republican donor Bob J. Perry, who helped finance the Swift Boat Veterans campaign against presidential candidate John Kerry, has given to the conservative group American Crossroads for the upcoming election
- $4.8 million: Amount given to American Crossroads by Robert Rowling, CEO of a company whose holdings include Omni Hotels
- $15 million: Amount American Crossroads raised in 43 days
- $24.1 million: Amount American Crossroads has raised this year
FEC should investigate American Future Fund, groups say
American Future Fund, a conservative nonprofit group pouring money into the 2010 midterm elections, appears to be violating campaign finance law, watchdog groups said in a complaint filed this week with the Federal Election Commission (FEC). The agency should investigate whether American Future Fund must register as a political committee, which would make it subject to recordkeeping, reporting and disclosure requirements.
Stealth PACs database unveiled
With record amounts of secret money being funneled through nonprofit organizations to influence the upcoming elections, Public Citizen has created an Internet database to track the activity. The new Stealth PACs database, available here, tracks more than 100 groups that are working to influence the elections with large contributions from corporations, unions or wealthy individuals in the wake of the U.S. Supreme Court’s January 2010 decision in Citizens United v. Federal Election Commission. That ruling gave corporations the green light to spend unlimited amounts to influence elections
The Chief Justice of the United States Supreme Court is now on record saying he doesn’t read the fine print.
Much of that fine print is there just to take away consumer rights. If Supreme Court justices don’t even read it, one hopes they will limit the damage that corporations can do with it.
Today’s Flickr Photo:
Flickr photo by tcktcktck
If you read one thing today…
It is T-minus 11 days away from Election Day, but one contentious race is being covered far less than the Tea Party revolution. It’s the battle of the corporations in California over Proposition 23, a measure that would suspend California’s landmark greenhouse gas law until the state’s unemployment level dropped. Both Big Oil and the developing green industries are dishing out the major moolah to sway voters on this referendum to the tune of $16 million.
The Washington Post’s article features a quote from the outgoing Governator that pretty much says it all.
“Does anyone really believe that these companies, out of the goodness of their black oil hearts, are spending millions and millions of dollars to protect jobs?” Arnold Schwarzenegger said recently. “This is like Eva Braun writing a kosher cookbook. It’s not about jobs at all, ladies and gentlemen. It’s about their ability to pollute and thus protect their profits.”
In other campaign finance news, the corporation arguably spending the most on the upcoming midterm elections, the U.S. Chamber of Commerce, has been pouring enormous gobs of money into highly contested races. And not so surprising, it has not disclosed where it’s getting the big bucks from this year.
Of the Chamber’s spending, John Motley, a former lobbyist for the National Federation of Independent Business said:
“They’ve raised it to a science, and an art form,” he said of the chamber’s pitches to corporate leaders that large contributions will help “change the game” in Washington.