'Super
PAC' American
Crossroads
Continues
Utilizing
Hefty Warchest
Ahead of
Election
In just seven months, American Crossroads, the highest
profile
conservative
"Super PAC,"
has raised
more than
$24.17 million
in the hopes
of tilting the
November
midterm
elections in
favor of the
Republican
Party. Thanks
to changes in
campaign
finance rules
this year, the
group is
allowed to
collect
unlimited
contributions
from
individuals
and
corporations
to fuel overt
messages
supporting and
opposing
federal
candidates. During September, the conservative outfit raised more
than $6.9
million,
according to a
Center for
Responsive
Politics
review of
campaign
finance
documents
filed
Wednesday.
Between Oct. 1
and Oct. 13,
American
Crossroads
raised an
additional
$7.9 million,
according to
the Center's
review of the
group's
"pre-general"
campaign
finance
report, which
was also filed
Wednesday. » Read
More
Small
Donors Play
Major Role in
Several
Candidates'
Third Quarter
Fund-Raising
Surges
In recent
years, Barack
Obama, Howard
Dean and Ron
Paul all
earned
accolades for
their ability
to harness the
internet’s
power to
collect
substantial
sums from
people making
small campaign
contributions.
This year,
individuals
who donate
political
pocket change
continue
making waves
in some
high-profile
races. And
campaigns on
the right and
left have
benefited from
the enthusiasm
of small
donors. Some
politicians
rolling in the
dough from
small donors
are Tea Party
favorites.
Others are
liberal
firebrands.
And still
others are
somewhere in
between. » Read
More
Political
Action
Committees
Boost
Vulnerable
Dems, But Some
Candidates
Distance
Themselves
from PAC Cash
Political action committees have funneled $72.6 million
into the
campaign
coffers of
Democrats
competing in
the country’s
most
competitive
races -- more
than four
times the
amount PACs
have donated
to Republicans
in these
races, the
Center for
Responsive
Politics has
found. Contributions from business, labor, ideological and
partisan
special
interest
groups have
helped
Democrats
maintain a
hard money
fund-raising
advantage in
these races,
as OpenSecrets
Blog previously
reported.
In a dozen of
the most
heated races
in the
country, PAC
money has
propelled
Democratic
candidates --
accounting for
$6, even $7,
of every $10
raised. » Read
More
BP Campaign
Cash: Still
Toxic Six
Months After
Oil Spill
Money from the political action committee of beleaguered
oil company BP
largely
remains a
toxic asset in
Washington
following the
massive
Deepwater
Horizon oil
spill in the
Gulf of
Mexico, which
started six
months ago. BP’s PAC did not write a single check to federal
lawmakers in
September,
according to a
Center for
Responsive
Politics
review of
campaign
finance
documents
filed today.
In fact, the
PAC has not
donated a dime
to any federal
lawmakers
since May. » Read
More
Foreign-connected PACs Increase Giving During 2010 Cycle
There are 130 foreign companies that sponsor political
action
committees
through their
U.S.-based
subsidiaries,
and together,
they’ve
donated more
than $12.6
million to
politics this
election
cycle, a
Center for
Responsive
Politics
analysis
shows. This
number is
higher than
any other
federal
midterm
election
cycle, and
second only to
the 2008
presidential
election
cycle, when
foreign-connected
companies
doled out
nearly $16.9
million. Until the 2006 election cycle, federal-level,
foreign-connected
PACs greatly
favored
Republicans.
But since
then, they
have been
aggressively
bipartisan.
The top
companies
include
British
pharmaceutical
giant
GlaxoSmithKline,
Belgian
beverage
producer
Anheuser-Busch
InBev, United
Kingdom
defense,
aerospace and
security
company BAE
Systems. » Read
More
Led By George Soros' Son, Student Contributions Buoy
Democrats in
2010 Midterms
OpenSecrets Blog's recent story about students'
donations to
political
candidates
-- liberal
political
mega-donor
George Soros'
son,
Alexander,
tops the list
-- has
received
considerable
national
attention.
Among the news
outlets citing
the piece are
the Washington
Post, Washington
Examiner,
CNBC, Chronicle
of Higher
Education and
college news
service UWIRE. To
read the full
story, click
here.
Executive
Director
Sheila
Krumholz to
Speak on
Friday at
National Press
Club
Sheila
Krumholz,
executive
director of
the Center for
Responsive
Politics,
will join
notable
government
watchdogs and
academics in a
panel
discussion about
democratic
accountability
at 1 p.m.
Friday at the
National Press
Club. The
panelists will
focus on
information
policy and the
future of
investigative
journalism.
The forum is
sponsored by iSolon.org, of
which Krumholz
is a board
member.
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