With the Citizens United ruling, the Supreme Court turned money into a form of political speech, paving the way for enormous influxes of cash from the American ultra-elite one-percent-of-one-percent, and, to a lesser extent, organized labor (money given to the GOP by big business dwarfs labor's contribution to the Dems by a factor of about 2.5). The extent to which this has distorted American politics is only now becoming apparent, as statistics about SuperPACs and their "donations" are gathered and published. In this Salon report, Justin Elliott publishes some eye-opening figures about the new political reality in money-as-speech America.
Especially concerning: 80 percent of the money sloshing around in America's SuperPACs' warchests came from just 58 donors.
The Super PACs are not paragons of transparency, but what has been disclosed gives a sense of where the money is coming from and the interests of those giving it. Based on the donors and the origins of these groups, we can already discern what messages the Super PACs will generate in the home stretch of the campaign.
Red money, blue money: The making of the 2012 campaign
Wisconsin Governor and balanced-budget hawk Scott Walker’s failed bid for the GOP presidential candidacy left him with $1.2 million in debt.
The Federal Election Commission has deadlocked on a complaint about an employer who coerced his salaried employees into donating to a PAC he had started; the three Democratic commissioners voted to take action, the three GOP commissioners voted against, and that means that nothing will happen.
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