By Fred Wertheimer, Special to CNN
updated 12:39 PM EST, Wed February 15, 2012
In 2010, the U.S. Supreme Court in the Citizens United case declared the corporate expenditure ban unconstitutional, holding that independent expenditures could not be constitutionally limited in federal elections, and implicitly that corporations could give unlimited amounts to other groups to spend, as long as the expenditures were made independently from the supported candidate. Subsequently, the U.S. Court of Appeals for the D.C. Circuit in the SpeechNow case held that the limits on individual contributions to groups that made independent expenditures were unconstitutional.
And thus was born the national campaign finance scandals that are unfolding daily in the 2012 elections.
Super PACs are federally registered political action committees that raise unlimited contributions from the super rich, corporations, labor unions and other entities and spend these funds to make "independent" expenditures in federal elections.
They are an unmitigated disaster for the American people.
A recent study by Demos and the U.S. Public Interest Group found that, as Politico reported, "Super PACs raised about $181 million in the last two years -- with roughly half of it coming from fewer than 200 super-rich people."
The study also found that 93% of the itemized contributions raised by super PACs came in contributions of $10,000 or more, with more than half of this money coming from just 37 people who each gave $500,000 or more.
Super PAC Billionaires |
Super PACs are a game for millionaires and billionaires. They are a game for corporations and other wealthy interests. Meanwhile, citizens are pushed to the sidelines to watch the corruption of our democracy.
In the 2012 presidential election, an even more insidious version of the super PAC was born -- the candidate-specific super PAC. Every significant presidential campaign has had a super PAC -- created and run by close associates of the candidate -- that raises unlimited contributions to spend only to support that presidential candidate.
Presidential candidate-specific super PACs are simply vehicles for the presidential candidates and their supporters to circumvent the limits on contributions to candidates enacted to prevent corruption. Most of the super PAC money has been spent on attack ads.
We already have seen Sheldon Adelson and his wife give $10 million to the presidential super PAC supporting Newt Gingrich. One couple! $10 million!
The claim that these presidential super PACs are operating "independently" from the presidential candidates, as is required by law, is absurd and has no credibility.
Our fore-fathers established the Electoral College to decide all Presidential elections because they were concerned (my opinion of their opinion) that the general public would not and could not wade through all the facts and willingly put themselves in a position to make an intelligent vote for a Presidential candidate.
Now, years later, we have millionaires and billionaires who, for all intents and purposes, do not give a rats ass about the general public, are using their wealth to put their favorites into the ultimate position of power and control; and, in so doing, will influence the direction of the country in their favor so that they can increase their wealth at the expense of everyone else.
This country is no longer, We the People . . .
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