Conservative Super-PACs Make It Rain

 

With the Federal Election Commission filings in, it’s clear that conservatives are decisively winning the 2012 super-PAC race—at least so far. Republican-leaning super-PACs focused on the presidential race or backing a particular candidate raised more than seven times what Democratic-leaning super-PAC’s raised, more than $60 million to the Democrats’ $8 million.

What’s the reason for the disparity?

Attorney Neil Reiff, an expert in campaign finance law with the firm Reiff, Young & Lamb, said President Obama “discouraging the formation of super-PACs” might have something to do with the numbers, adding that “presidential fundraising might be sucking all the wind out of the fundraising out of the super-PACs.” Obama’s campaign has raised $140 million so far.

A Democrat involved in fundraising for super-PACs pointed to the ongoing Republican primary as a major reason, arguing that Democratic donors would open their wallets as the general election approached. “Is anyone really that surprised that oil companies and private equity billionaires are enthusiastic about beating president Obama?” the Democratic operative said.

Source: ProPublica PAC Track

Note: The numbers here reflect fundraising through December 2011, Gingrich’s large donations from casino tycoon Sheldon Adelson came in January 2012.

 

More MotherJones reporting on Dark Money

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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