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UNITED STATES: POLITICS: POLITICAL PARTIES: REPUBLICAN PARTY, TEA PARTY :
INDUSTRIES: PETROLEUM :
LIBRETARIANISM:
In Koch We Trust: Shadow Politics and the New Democracy
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In Koch We Trust: Shadow Politics and the New Democracy
Maguire Mealy
Posted: 04/13/2015 5:09 pm EDT
Updated: 04/13/2015 5:59 pm EDT
Huffingtton Post
http://www.huffingtonpost.com/maguire-mealy/
in-koch-we-trust-shadow-politics-and-the-new-democracy_b_6994700.html
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A shorter URL for the above link:
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http://tinyurl.com/nncoftg
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In 2010, two court cases dramatically changed the course of American
politics. In the now-infamous Citizens United case, the Supreme Court
ruled that the First Amendment prohibited the federal government from
regulating or placing "caps" on corporate donations to
independent-expenditure political organizations.
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In the second case, Speechnow.org vs. FEC, a U.S. Appeals Court
established that Political Action Committees (PACs) could accept unlimited
contributions from individuals as well as corporations, and that the
source of any such contributions from incorporated entities did not have
to be disclosed. Combined, these two rulings gave rise to what is now
known as the "super-PAC", an independent-expenditure PAC that can accept
unlimited donations from any individual or corporation, and does not have
to disclose where those contributions come from. While super-PACs cannot
contribute directly to political candidates, they can still advocate for
or against particular candidates -- so called "independent expenditures"
-- by running TV ads or other forms of promotion.
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Super-PACs and other similar independent-expenditure organizations have
radically transformed how political campaigns are financed. Two years
after Citizens United and Speechnow.org vs. FEC, 1,300 registered
super-PACs spent a total of nearly $830 million on independent
expenditures in the 2012 elections. While Romney and Obama spent close to
$1 billion each on their respective campaigns -- the combined funds raised
by the individual candidates, the Democratic and Republican Parties and
super-PACs directly tied to the candidates -- what is surprising is the
amount of money spent by conservative super-PACs against Obama.
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Five of the top conservative super-PACs (including Romney's own) spent a
combined $250 million against Obama, almost as much as the Democratic
Party had spent on its own candidate. With expenditures equaling that of
political parties themselves, super-PACs and other "independent
expenditure" have come to dominate campaign financing, and yet the public
does not know where a large part of that money is coming from.
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snip
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This year, the Koch brothers announced that the vast political network
under their control plans to spend close to $900 million in the 2016
elections. This figure will place the Kochs' expenditures on par with the
planned budgets of each of the Democratic and Republican Parties. In
effect, a new political party has been formed: The Party of Koch.
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The complete article may be read at the URL above.
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Sincerely,
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Temple University
(215) 204 - 4584
jwne@xxxxxxxxxx
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