Tuesday, November 4, 2014

Dems decried big money in campaigns — and then caught up fast


Senate Majority Leader Harry Reid 
 
 
Remember back in the day when President Barack Obama and Democrats were in high dudgeon over “fatcat” super PACs corrupting the political process?
"All across America,” Obama said while campaigning for Senate Majority Leader Harry Reid four years ago, "they are pouring hundred of millions of dollars into a bunch of phony front groups running negative ads.”


"Take Senate Majority PAC, the super PACs with close ties to Reid (its co-chair is his former chief of staff). It’s the No. 1 biggest spending outside group in this year’s congressional elections, pumping in $47 million, according to recent analysis by the nonpartisan Center for Responsive Politics.
The Reid super PAC fueled with six-figure checks from liberal megadonors (hedge fund billionaire Tom Steyer and Chicago media mogul Fred Eychaner have chipped in $5 million a piece) has blasted out  more than 45,000 ads in Senate races, mostly skewering GOP candidates. The group was responsible for one in every 20 ads that have run this year, according to the Center for Public Integrity
And they’re not alone. The No. 2 spending super PAC is — surprise — House Majority PAC, House Democratic leader Nancy Pelosi’s backed counterpart of Senate Majority PAC, which has spent $29.4 million"
 

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