Monday, May 21, 2012

Money, Super PACs and Elections

Here are a few interesting facts from the current issue of Yes magazine on money in politics -- specifically the role played by the super PACs, a byproduct of the Citizens United Supreme Court decision. A huge amount of money by a miniscule number of wealthy persons and corporations. And how exactly does this increase democracy?

Amount that super PACs backing the four main Republican candidates raised during January 2012: $27.2 million

Percentage that came from five large donors: 25

Percentage that spending on ads by outside groups has increased since January 2008: 1,281.8

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