Of the $176.1 million spent by outside groups using large, often undisclosed contributions to influence the current elections, just 10 groups are responsible for the bulk of the spending, according to a new analysis released today by Public Citizen.
What’s more, 59.9 percent of the money comes from undisclosed sources. Of those contributions that have been disclosed, nearly two-thirds has come from just 0.12 percent of the contributors. The analysis of data from Public Citizen’s Stealth PACs database shows that:
- At least 149 independent groups have spent money to influence this year’s elections (according to Federal Election Commission (FEC) reports through Oct. 25) in the wake of the U.S. Supreme Court’s decision in Citizens United v. Federal Election Commission, which permitted corporations, unions and organizations they fund to spend unlimited money to influence elections.
- Those groups have spent $176.1 million. Of that, $114.6 million, or 65 percent, was spent by only 10 groups.
- From the 10 groups, money spent on behalf of Republicans has outpaced money spent on behalf of Democrats $79.4 million to $28.5 million.
- Five groups have spent money on more than 35 races each. Eleven groups have spent money on more than 20 races each.
- Eighty groups have not disclosed any information about the sources of their money. These groups have spent $105.4 million of the $176.1 million total. Only $70.7 million of the spending – just 40.1 percent – has come from disclosed sources.
- Thirty groups have entered the fray for the first time in 2010 in the past two weeks.
“Outside group funding is shaking the foundations of our electoral democracy, but the situation is far worse than it seems at first blush,” said Robert Weissman, president of Public Citizen. “A tiny number of organizations, relying on a tiny number of corporate and fat cat contributors, are spending most of the money on the vicious attack ads dominating the airwaves. The vast majority of donors remain hidden behind a veil of secrecy, in many cases of doubtful legality. The biggest surge in funding will come in the next week. And this election cycle’s spending is merely a prelude to something far worse in 2012. The trigger for all this was the Supreme Court’s decision in Citizens United; the key to repairing our democracy is a constitutional amendment to undo the decision.”
The analysis includes charts identifying the groups spending the most to influence this year’s elections, the groups engaged in the most contests, the races that have been the subject of the most outside spending and the contests focused on by the independent groups that have sprung up in the past two weeks.
The Stealth PACs site allows users to search the expenditures and limited contribution data of independent groups that are intervening in this year’s elections using contributions of more than $5,000 or undisclosed contributions.
The site also enumerates the outside groups’ expenditures on each race, discloses the vendors and other recipients of expenditures of $1,000 or more, and provides links to the FEC filings on expenditure data.
citizenvox.wordpress.com 
The media loves campaign season. Senator Feingold, my senator, helped author The BCRA, bipartisan legislation to do away with what we endure during this campaing. He did not go far enough, though, and there is some speculation loopholes were left in the law to allow the more secretive funding. http://williamthien.wordpress.com/2010/10/27/campaign-finance-reform-a-plague-of-democracy/
William Thien
Here is my take on the election ads we are enduring right now which would to have been prevented by the BCRA, bipartisan legislation written by my Senator, Russ Feingold.
Russ is a decent guy. But even after calling his offices and asking him not to vote for the stimulus package, where most of the money went to the New York financial district and six months later was used to pay million dollar bonuses, Russ voted for it anyway. It would have been a stimulus check to each and every taxpayer of at the very least $7,000 had the government sent the money to the people who pay the taxes in the first place. Some would have received checks of more than $11,000 based on their income. Now that would have stimulated the economy like you wouldn’t believe. Schools could use that money. The roads need serious repair. Instead, the money mostly went to banks and other financial institutions in one or two states, money from the entire country!, and was concentrated to the very people Russ often says he does not support. It makes you wonder.
But even more concerning is the BCRA, the bipartisan legislation he basically wrote in 2002 to control campaigns. It was supposed to stop what we are enduring now during elections. I like Russ. But if there is anyone who says one thing and something else entirely happens, it would appear it is Russ Feingold. It would appear he is one of the best at doing just that in fact.
http://williamthien.wordpress.com/2010/10/27/campaign-finance-reform-a-plague-of-democracy/
[…] Oh, and let’s not forget the Citizens United decision which allowed overwhelming amounts of corporate cash to flow into the coffers of Republicans candidates. Of the 10 groups most responsible for campaign spending, “money spent on behalf of Republicans has outpaced money spent on behalf of Democrats $79.4 million to $28.5 million.” […]