[EL] "Majority" of Spending by "A Tiny Minority of Private Citizens?"
BZall at aol.com
BZall at aol.com
Wed Apr 11 14:25:45 PDT 2012
In a message dated 4/11/2012 4:39:00 P.M. Eastern Daylight Time,
jcushman at gmail.com writes:
we're going to keep having to talk about what, if anything, we should do
about highly-concentrated political spending, where a tiny minority of
private citizens direct the majority of paid speech. That's the question of the
day
What an odd question, even in the context of the hypothetical being asked.
I'm sure you don't mean it the way the actual numbers show:
According to the New York Times,
_http://elections.nytimes.com/2012/campaign-finance_ (http://elections.nytimes.com/2012/campaign-finance) , as of
today, the presidential candidates themselves have raised over $330 million.
President Obama alone has raised $173 million. Although some reports suggest
he's been having trouble raising money, there's every expectation he'll
approach one BILLION dollars in joint campaign and DNC spending. The candidate
known to 2% of Americans as having the first name of "Mittens" will
likely raise and spend some significant percentage of the President's haul, say
$500 million between campaign and RNC spending.
Compare that to the superPACs (which I guess you're referring to).
According to today's Wall Street Journal, _http://projects.wsj.com/super-pacs/_
(http://projects.wsj.com/super-pacs/) , superPACs have raised $85,894,000.
Some reports suggest that superPAC spending might top $400 million in 2012.
Not sure what form of mathematics shows that $86 is a "majority" of $259
(presidential and superPACs combined). Or perhaps $400 as a "majority" of
$1900.
American political spending has long been dominated by "a tiny minority of
private citizens" directing "the majority of paid [political] speech."
They're called candidates.
(And their political consultants. "Senior advisor" David Ploufe and his
cohorts are going to "direct" much more than any other "tiny minority" of
Americans. It's his job, and he seems to be quite good at it.)
And doesn't that suggest that the answer to your question of the day is:
nothing.
Barnaby Zall
Of Counsel
Weinberg, Jacobs & Tolani, LLP
Please note our new address:
10411 Motor City Dr., Suite 500
Bethesda, MD 20817
301-231-6943 (direct dial)
_www.wjlaw.com_ (http://www.wj/)
bzall at aol.com
_____________________________________________________________
U.S. Treasury Circular 230 Notice
Any U.S. federal tax advice included in this communication (including
any attachments) was not intended or written to be used, and cannot be
used, for the purpose of (i) avoiding U.S. federal tax-related penalties
or (ii) promoting, marketing or recommending to another party any
tax-related matter addressed herein.
_____________________________________________________________
Confidentiality
The information contained in this communication may be confidential, is
intended only for the use of the recipient named above, and may be legally
privileged. It is not intended as legal advice, and may not be relied upon
or used as legal advice. Nor does this communication establish an attorney
client relationship between us. If the reader of this message is not the
intended recipient, you are hereby notified that any dissemination,
distribution, or copying of this communication, or any of its contents, is
strictly prohibited. If you have received this communication in error,
please re-send this communication to the sender and delete the original
message and any copy of it from your computer system. Thank you.
______________________________________________________________
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://webshare.law.ucla.edu/Listservs/law-election/attachments/20120411/7bded3fd/attachment.html>
View list directory