Skip to comments.The Rise of the Democratic Super-Secret PACs.
Posted on 06/18/2011 6:28:29 AM PDT by randita
The Rise of the Democratic Super-Secret PACs.
Posted by Moe Lane
Friday, June 17th at 7:00PM EDT
Super PACs are, of course, the political groups that were set up after the Supreme Courts landmark free speech decision in Citizens United: they are able to raise and spend unlimited amounts of money advocating both for and against political candidates, but may not donate to those candidates directly. The Left ostensibly hates them, which did not stop them from using them to raise over 28 million dollars in the 2010 election cycle (44% of total Super PAC fundraising) to the Rights over 35 million (54%: the other 2% hedged their bets); their general argument is that allowing groups to openly spending money expressing their opinions on candidates is corrosive to American democracy. Openly is the key here: Super PACs must generally disclose their donors.
The generally is the interesting bit.
OpenSecrets will take the reader most of the way there, but not quite (cant imagine why): you see, theres a loophole in this system. A nonprofit organization does not have to disclose its donors; so a Super PAC that receives a donation from a nonprofit has effectively received an anonymous donation. OpenSecrets found five Super PACs that received most of their revenue this way: New Power PAC (NPP), ProgressOhio (PO), Environment Colorado Action Fund (ECAF), Protecting Americas Retirees (PAR), and the National Association of Realtors Congressional Fund (NRC). All five groups received between 88% and 100% of their total funding from precisely one group per Super PAC: they are fairly obviously being used by their parent groups to hide their donors - in a perfectly legal manner, mind you. Total amount being hid this way? Just over 1.4 million dollars: which is not a bad amount of money to licitly launder.
(Excerpt) Read more at redstate.com ...
try...billions of our tax monies..laundered thru “stimulus”...
In 2008 during the presidential runs Hilliary and Barrock went together to a meeting along with other names that everyone would recognize.Doesn't it seem odd Hillary and her enemy at the time would go together..Just read all about the criminals they will take over the world and have already got a good start..
Won’t be long before the “sorass” mass of gift card donations begin for nobama, just like in 08.
Then again, sorass may be fed up with pissin his hard stolen money away on the failed Won.
Just a hunch, if Rick Perry gets in the race, he will win the the R primary and then beat Obama, I have a very bad feeling about him.