This Week in Dark Money: Oct. 19, 2012

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We’re proud to collaborate with Mother Jones in sharing insightful journalism related to money and politics. We’ll be posting this weekly roundup every Friday. Share your thoughts about these must-read stories and always feel free to suggest your own in the comments section.

A quick look at the week that was in the world of political dark money

QUOTE OF THE WEEK

“The ability to pool money into a super PAC turns out to be very significant.”
—Columbia Law School’s Richard Briffault, explaining to ProPublica why he believes megadonors like Sheldon Adelson never independently financed political ads with the amounts of money they’re now pouring into outside spending groups. Briffault is a campaign finance historian who has written extensively on super PACs. (Also see Andy Kroll’s must-read four-decade history of how super PACs came to be.)

THE MONEY SHOT

PROTEST OF THE WEEK

On Saturday, more than 1,000 people lay down on a San Francisco beach to create a human protest sign against Citizens United. Local cab driver Brad Newsham organized the event along with a host of activist groups, including Move to Amend and Public Citizen (both of which also support Ben & Jerry’s cofounder Ben Cohen’s effort to stamp money out of politics). Protesters also came out in support of Proposition G, which would make it official city policy to recognize that corporations aren’t people.

Photo by John MontgomeryPhoto by John Montgomery

STAT OF THE WEEK

$13 million: The amount of money that super PAC megadonors contributed toward expenses for the Republican National Convention in August, according to a report filed with the FEC on Wednesday. All told, more than $55 million was raised for the RNC, $32.6 million of it from corporations. The single largest donor, however, was casino magnate Sheldon Adelson, who has given at least $71 million to outside groups so far in this election. Democrats’ hands weren’t clean, either: $24 million was raised for the DNC (plus another $18 million from taxpayers) despite an earlier pledge to steer clear of corporate cash.

CHART OF THE WEEK

Here’s a chart, in video form, from Northeastern University’s Lazer Lab that shows super PAC spending over time by partisan breakdown and whether the spending was positive or negative. Fair warning: There’s lots of booing involved, and you might want to turn down your speakers before clicking play. (Or just check out the still version here.)

MORE MOJO DARK-MONEY COVERAGE

• Democrats Broke Pledge by Taking Corporate Convention Cash: The DNC vowed to hold the first convention in history that wasn’t fueled by cash from corporations, lobbyists, and PACs. So much for that idea.
• 6 Must-Have Apps for Political Junkies: From fact-checking to donation tracking, data-mining the horse race has never been so easy.
• Following the Mystery Money Behind a Super PAC’s Attacks on Tammy Duckworth: The Now or Never super PAC pocketed $1.95 million from a nonprofit that won’t say who funds it.
• Who’s Really Behind This Ad Scaring Seniors in Florida?: The dark-money group Defend my Dividend is more astroturf than grassroots.

MORE MUST-READS

• Gov. Tom Corbett (R-Penn.) received a mysterious $1.5 million contribution from Wisconsin in 2010 in a legal “money-laundering scheme.” Center for Public Integrity
• With more than 73,000 political ads, Las Vegas has the dubious honor of being America’s most ad-saturated media market this year. New York Times
• How annoyed are voters getting by political ads, and will it matter? Associated Press

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  • Realist

    Click on the high res photo, a) no one is lying down and b)
    there’s no way this is 1000 people, you can count them per letter! Idealism is all well and good, but you can’t make up your own facts. It just makes things worse. If you hope to preserve credibility, how about avoiding the partisan/activist sites in favor of, you know, actual journalism?

  • Lee

    If corporations want the rights of an individual then they should also pay individual income tax rates. Rights and responsibilities can not be rightly separated.