Big Money

October6

Who Owns Your Presidential Candidate?


From the article:

It’s a new era of American politics. With regard to campaign finance, the Citizens United Supreme Court ruling — and the arguably worse McCutcheon v. FEC ruling — opened the doors to unrestricted corporate funding of our national elections.

The primary mechanism in place facilitating this flood of private money is the super PAC. You’ve probably heard of super PACs and how they’ve essentially taken over the role traditionally filled by individual campaign donors in Political Action Committees (PACs). But super PACs aren’t the end of it. There are puppet political non-profits, business associations, and now, single-candidate “dark money” outfits that, as of September 21, have already raised $25.1 million —  five times the amount spent by this time in the 2012 election cycle.

http://www.zerohedge.com/news/2015-10-03/who-owns-your-presidential-candidate

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Posted October 6, 2015 by Sue Says in category Did you know?

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