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Super PAC Disclosure Requirements Hot Topic Of Conversation Among GOP Candidates
“What is happening now is what I predicted,” McCain told CBS. “The United States Supreme Court — in what I think is one of the worst decisions in history — struck down the restrictions in the so-called McCain-Feingold Law, and a lot of people don’t agree with that, but I predicted when the United States Supreme Court, with their absolute ignorance of what happens in politics, struck down that law, that there would be a flood of money into campaigns, not transparent, unaccounted for, and this is exactly what is happening.”
There is probably an advantage for many Republicans in the lack of limits of corporate campaign contribution. However, with the destruction of Newt Gringrich in the Iowa caucuses after a pummeling by a Super PAC sympathetic to Romney, there is some concern in the ranks of the party, as you can see from the article linked to above.
That we should at least know who is funding these Monster Super PACs would seem to be simple intelligence. Otherwise, we have licensed the wealthy to do advertising hit jobs on any candidate they wish with no accountability whatever. Of course, our Supreme Court composed of members whose connection with the 99% is tenuous at best, may find political hit jobs to be a legitimate form of political speech since that is one way in which corporations and the rich like to communicate.
- GOP Field Sobers Up On Super PACs (huffingtonpost.com)
- Jon-Christopher Bua: Iowa’s Mixed Me$age (huffingtonpost.co.uk)
- Super PACs wielded influence in Iowa race (sfgate.com)
- How Campaign Money Reshaped Iowa Race (huffingtonpost.com)
- On eve of primary, super PACs ready to unleash (goerie.com)
- Huckabee: Super PACs Are ‘One Of The Worst Things That Ever Happened In American Politics’ (thinkprogress.org)
- Citizens United Takes Center Stage in Election 2012 (newser.com)