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Old 07-05-2012   #1
Join Date: Nov 2005
Posts: 646
What is worse than a Super-PAC?

Super-PAC's were made legal by the Supreme Court Citizen's United ruling. They allow unlimited money by people and companies to be used to directly influence campaigning.

What's worse?

Karl Rove's Crossroads GPS, which is a "non-profit social welfare charity". They can't say "Obama sucks", but they can say "Obama's health care is the start of communism, call Obama and tell him to reverse ObamaCare!".

Why is this worse than a super-PAC? Because they don't have to reveal their donors and the donations are tax deductible, unlike donations to super-PACs and the candidates' campaigns.

Several rich conservatives are giving much to Crossroads GPS so their donations are secret.

A few dozen rich conservatives and consultants from Wall Street, Las Vegas, California and other locales flew into Palm Beach one Friday early this spring for a conference organized by the billionaire Koch brothers. The event featured detailed election strategy talks by Republican operatives; since late last year the group has announced about $15 million in TV ad buys blasting White House policies on energy and other issues.

According to insiders, the Koch brothers themselves are expected to chip in as much as $60 million. Other big donors are mutual fund tycoon Foster Friess, Amway cofounder Richard DeVos, Oklahoma oil and gas mogul Harold Hamm, Paul Singer who runs the giant hedge fund Elliott Management, and Charles Schwab of the eponymous investment firm.

We are lucky some insiders talked about this. But, I'm sure that will be "fixed".
The Koch brothers also have a social welfare non-profit, Americans for Prosperity. Americans for Prosperity helped Wisconsin Gov. Scott Walker win a June 5 recall election.

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Old 07-08-2012   #2
Join Date: Nov 2005
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Two years after the Supreme Court’s Citizens United decision opened the door for corporate spending on elections, large corporations are trying to influence campaigns by donating money to tax-exempt "social welfare" organizations that can spend millions of dollars without being subject to the disclosure requirements that apply to candidates, parties and PACs.

A review of corporate governance reports, tax returns of nonprofit organizations and regulatory filings by insurers and labor unions found that some of the biggest recipients of corporate money are organized under Section 501(c)(4) of the tax code, the federal designation for “social welfare” groups dedicated to advancing broad community interests. Because they are not technically political organizations, they do not have to register with or disclose their donors to the Federal Election Commission, potentially shielding corporate contributors from shareholders or others unhappy with their political positions.

Because social welfare groups are prohibited from devoting themselves primarily to political activity, many spend the bulk of their money on issue advertisements that purport to be educational, not political, in nature. In May, for example, Crossroads GPS, a group co-founded by the Republican strategist Karl Rove, began a $25 million advertising campaign, carefully shaped with focus groups of undecided voters, that attacks Mr. Obama for increasing the federal deficit and urges him to cut spending.

During the 2010 midterm elections, tax-exempt groups outspent super PACs by a 3-to-2 margin, according to a recent study by the Center for Responsive Politics and the Center for Public Integrity, with most of that money devoted to attacking Democrats or defending Republicans.

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Old 07-15-2012   #3
Join Date: Nov 2005
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How about this:

Corporations will spend about $2 billion on this years election. Corporations spend about another $4 billion every 4 years on other national elections.

What if all national elections were paid by tax dollars? You might think $6 billion every 4 years is a lot, but that is chicken feed for our government. That's how much corporations spend on the election now expecting favors. If we end the oil company subsidies, that brings in $2 billion a year, which would cover the cost.

What is removing corruption worth to us? I would say a lot.
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Old 07-16-2012   #4
Land of Lovin, Colorado
Paddling Since: 2006
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With Citizens United how do U.S. citizens have any power to stop the corruption? I've seen the movie "The Corporation" and the fact that the country is being run by psychopathic companies is truly scary.
Think for yourselves and let others enjoy the privilege to do so, too. - Voltaire
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Old 07-16-2012   #5
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"You're gonna be doin a lot of doobie rolling when youre LIVIN IN A VAN DOWN BY THE RIVER"
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Old 07-16-2012   #6
pnw, Washington
Join Date: Oct 2003
Posts: 3,404
Ok, I watched the video because I thought it might need moderation but thats a really good and somewhat funny video. Thanks.
"Yesterday I was clever and tried to change the world. Today I am wise and try to change myself." -Rumi
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Old 07-16-2012   #7
Join Date: Nov 2005
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From the AP press wire:
WASHINGTON (AP) — GOP opposition prevented Democrats from getting the 60 votes needed to bring what is known as the Disclose Act to the Senate floor. The vote was 51-44.

The bill would have required any organization that spends $10,000 during an election cycle to identifying any donors who gave $10,000 or more. Current election law requires super political action committees, or PACS, to make periodic reports to the Federal Election Commission, but nonprofit groups, including social welfare organizations, labor unions and trade groups, generally do not have to reveal the sources of election-related spending.

Democrats have been pushing for more disclosure since the Supreme Court's 5-4 ruling in the 2010 Citizens United case that overturned a decades-old law barring corporations, unions and other organizations from spending on advertising and other forms of political activity.

Groups such as Crossroads GPS, are classified as social welfare organizations not subject to disclosure laws as long as they spend more than half their resources toward "social welfare" purposes. But that 50 percent can go for "public education" that can be highly political in nature.
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Old 07-16-2012   #8
Golden, Colorado
Join Date: Mar 2004
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The Disclose Act is a two edge sword. I don't want the banks, who evidently control our government now, having information on who is donating to Ron Paul's efforts to Audit the Fed.

Campaign finance must be overhauled but the Disclose Act was not the place to start.
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Old 07-16-2012   #9
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Inside the Investigation of Leading Republican Money Man Sheldon Adelson - ProPublica

This is the future of our republic- if a Judicial investigation has got you down, simply purchase the Executive and Legislative branches.
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Old 07-18-2012   #10
Join Date: Nov 2005
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Why are Republicans trying to keep the status quo?
In early 2010, a new organization called the Commission on Hope, Growth and Opportunity filed for nonprofit, tax-exempt status, telling the Internal Revenue Service it was not going to spend any money on campaigns.

Weeks later, tax-exempt status in hand as well as a single $4 million donation from an anonymous benefactor, the group kicked off a campaign against 11 Democratic candidates, declining to report any of its political spending to the Federal Election Commission, and failing to disclose the names of its donors. Then, faced with multiple election commission and I.R.S. complaints, the group went out of business, and the legal proceedings were dropped.

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