Monday, July 21, 2014

MONEY & POLITICS

I was recently listening to a re-broadcast of this NPR program and I was struck by the claim that about 150,000 donors dominate US electoral politics.  I sent an email to Mayday PAC and I've gotten a reply that pointed me to this WaPo article:
Supreme Court ruling gives small number of wealthy donors new ways to drive campaigns
By Matea Gold April 3, 2014

If the overall limits had been lifted for the 2012 campaign, about 1,200 wealthy donors who hit or came close to the limit on giving to candidates and party committees could have poured an additional $304 million into federal political committees, according to an analysis by the liberal groups Demos and U.S. PIRG.

That nearly equals the $313 million that 4 million small donors gave to the campaigns of President Obama and GOP challenger Mitt Romney that cycle.

1 comment:

Ken Hoop said...

http://ourfuture.org/20140723/rich-rats-hijacked-our-democracy