The Supreme Court, in their infinite wisdom, decided that Citizens United was okay. Money is speech. Speech is money. Corporations are people, so… you get the idea. It should be no surprise to you that our campaigns are awash in secret money (moolah, cash, dough, greenbacks…)
More than a third of the advertising tied to the presidential race has been funded by nonprofit groups that will never have to reveal their donors, suggesting that a significant portion of the 2012 elections will be wrapped in a vast cloak of secrecy.
The bulk of the secret money spent so far has come from conservative groups seeking to propel a Republican into the White House, advertising data shows. Millions of dollars in additional spending from both sides has poured into legislative races, such as the Senate contest in Massachusetts, that could help determine which party controls Congress in 2013.
The flow of funds is part of a wave of spending by outside groups that has quickly come to dominate the 2012 presidential contest, particularly by so-called “super PACs” that have few limits on their activities.
But unlike super PACs, politically minded nonprofit groups are under no obligation to disclose the corporations, unions or wealthy tycoons bankrolling their advertising, much of which is almost indistinguishable from regular political ads run by campaigns. (more…)