More on the Influence of Money on U.S. Elections...

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The following eye opening article needs no lead in. If and when our republic fails it will be the influence of money and the special interets that control it who will bear the greatest responsibility.

by Russ Choma on November 5, 2014 - Republicans made the most of their fundraising advantage and routed Democrats in Tuesday’s midterms, but they seized the majority in the Senate and built their lead in the House even as fewer donors participated in the process and more of the dollars came from secret sources.

Democrats weren’t swamped when it came to the money game, but the GOP clearly had the upper hand. Even where Democrats had raised more in pivotal Senate races, though, they still were mostly beaten. Several key differences between the two sides emerged on the fundraising front, with Democrats increasing their reliance on small donors since 2010 while Republicans turned sharply to big dollar donors.

The real story of the election’s campaign finance chapter was not which side had more resources, but that such a large chunk of the cost was paid for by a small group of ultra-wealthy donors using outside groups to bury voters with an avalanche of spending. Both sides had plenty of support from outside spenders, but Republican and conservative outside groups outpaced the spending of Democratic and liberal ones. Democratic/liberal groups channeled most of their money through organizations that disclosed donors, while their more conservative counterparts relied heavily on secret sources funneling money through political nonprofits.

Some things seem never to change, and this year’s midterms reprised many of the same old stories. But there were also a handful of surprises, some of which may portend new dynamics in how elections are financed.

Every election since 1998 has been more expensive than the one before it, and predictably the 2014 election will follow that path, CRP has projected — though the total projected cost of $3.67 billion is only a slight uptick over the price tag of the 2010 midterm. Counting all forms of spending — by candidates, parties and outside groups — Team Red is projected to have spent $1.75 billion, while Team Blue’s spending is projected to ring in at $1.64 billion.

CRP’s analysis of last night’s results finds that in House races, the candidate who spent the most prevailed 94.2 percent of the time; the Senate figure is slightly lower, 81.8 percent. Despite several key upsets of Senate Democrats who, as incumbents, had the cash advantage, this is actually an increase from 2012, when 93.8 percent of higher-spending candidates in the House won, and just 75.8 percent of those candidates in the Senate could claim victory.

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Comments

  1. I just caught a Neil Cavito episode. Two business owners were decrying the burden of taxes and
    regs, especially OSHA, and essentially blaming that for throttling their businesses. In looking at the data, we note that corporate profits rose from 3% GDP in 1985 to the current record high of 11.1%.
    Average wages during the period went from 4.5% GDP to the current record low of 2.9%. Given that abysmal track record, am I out to lunch thinking giving Big Biz more breaks will not only improve the
    economics of the middle class, but continue to shrink it?

    ReplyDelete
  2. I'm a big advocate of capitalism as say opposed to feudalism. But no you are not out to lunch BB Idaho. The result of continuing to shrink the middle class while increasing the working poor and pushing more wealth into the coffers of corporate America and the uber wealthy will have a very unsettling effect on the nation. Social and economic dislocation not seen since the GD. Only it will likely be worse when it happens if it does. When that happens the uber wealthy will be jumping off tall buildings and corporations will go belly up.

    I have always said, rational long term self interest. Apparently more don't understand this concept than do.

    ReplyDelete

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