Saturday, February 20, 2016

MONEY IS A CURSE IN 2016 POLITICS

One of the positive affects of Citizens United is that it has shined a light on the broken and very much corrupted political Establishment solely consisting of the Republican and Democratic parties.



The end result is that the more money a candidate has the less likely they will get a vote. And, in 2016 the vote counts.



This election cycle is flush with outside spending. As of today, super PACs, social welfare 501(c)(4) groups, trade associations, unions, parties and others (corporations, individuals etc) have spent $203.4 million this cycle. By this time in 2014, they’d spent less than half that much, Center for Responsive Politics data show, and in 2012 the number was just $61.9 million.Outside spending for February 12, All Cycles

Outside spending for and against Hillary Clinton by single-candidate super PACs dominates the 2016 Democratic presidential primary.


Outside spending for former Florida Gov. Jeb Bush still dominates on the GOP side, even after his super PAC fundraising recently fell off a cliff.



Super PACs, which can take unlimited amounts from virtually any source but must disclose their donors, have gotten an early start this cycle. On this date in 2012 and 2014, there were only 43 and 58 active super PACs, respectively. Today, that number has grown to 84. So far, they’ve laid out $189.1 million, more than 300 percent more than they’d spent by this time in the last presidential election.

Among 501(c)(4) dark money groups – so-called because they aren’t required to disclose their donors – 21 fewer are active so far this election cycle compared with 2012, a total of 28 groups. Even though there are many fewer groups this cycle, however, they’ve spent almost three times as much: $4.2 million versus $1.4 million. All nondisclosing groups (including (c)(4) organizations) have spent $8.7 million so far, compared with $4.9 million at this point in 2012.

And that’s only going to soar, if the pattern of 2012 repeats itself. By the time that election was over, groups that don’t disclose their donors had spent $308.7 million— 63 times their Feb. 12 number.
There are almost twice as many conservative dark money groups as there are liberal.



These conservative groups are spending almost 10.5 times the amount the liberal groups are. That’s similar to what happened in 2012, but the difference between conservative and liberal spending is more exaggerated.

(Caveat: Outside spending is, by nature, murky. Corporations and unions can support candidates as long as they are not coordinating with the campaigns. This support often takes the form of television advertising — not all of which is reported to the FEC, depending on who’s sponsoring the ads and when they run.)


The Failure of Money to Buy the Presidential Nomination, in One Chart - Bloomberg Politics