Stunning Statistics of the Week:
- $3.5 million: The amount spent by outside groups on TV ads in the Wisconsin Supreme Court election, as of Tuesday, April 5
- $3.38 million: The amount spent by outside groups on TV ads in a 2008 state Supreme Court race. At the time, it set a record.
Despite millions spent on ads, public funding wasn’t triggered in Wisconsin race
Millions of dollars were spent on ads in the Wisconsin Supreme Court race, but because they weren’t “express advocacy” ads, the huge sums didn’t trigger the state’s public funding mechanism. The public money was supposed to be available if special interest groups attacked. Meanwhile, it looks as though some of the money that came from outside groups can be traced back to the Koch brothers.
Boehner blasted for fundraising despite looming government shutdown
The government might shut down, and you are a key player in the negotiations to stop it from happening – or getting things up and running if a shutdown occurs. So do you cancel that fundraiser, which is so inconveniently timed? Not if you are House Speaker John Boehner (R-Ohio). Boehner is being blasted for not cancelling the event, scheduled for Saturday night, at which donors will have to cough up $250 to attend, $2,500 to get a photo with Boehner and $5,000 for a special VIP meet and greet.
Home Depot shareholders may get say on company’s political spending
People who own stock in Home Depot will vote on whether they can have a say over the company’s political spending, the Securities and Exchange Commission has decided. The SEC sent a letter to Home Depot in response to that company’s attempt to keep a shareholder resolution on corporate spending off a proxy statement. Likely other companies will see keep this in mind when putting their proxy ballots together.
Public financing of elections bill reintroduced
Standing alongside actor Alec Baldwin, Sen. Richard Durbin (D-Ill.) and Rep. John Larson (D-Conn.) this week reintroduced the Fair Elections Now Act, a bill that would give public money to congressional candidates who decline to take huge corporate donations but instead rely on small donations from voters. Public Citizen sent a letter of support, saying, “At no time in history has a strong congressional public financing program been so sorely needed – and so demanded by the American public.”
Meanwhile … Obama likely to forgo public financing
Once again, it appears that President Barack Obama is going to run a presidential campaign without tapping into the public financing system. In fact, experts predict that no candidate will use the public funds for the general election.
Strip club visit, improper reimbursements uncovered in Fiesta Bowl investigation
A $1,200 visit to a strip club, a $30,000 birthday party, improper reimbursement of more than $46,000 campaign expenditures to lawmakers including Sens. John McCain and Jon Kyl – these are some of the problems identified by details by a panel investigating potential campaign finance violations of Fiesta Bowl executives. As a result, the president of the Fiesta Bowl has been fired. McCain has donated the contributions to charity.
Money in judicial races is harming integrity, lawyers say
More money than ever is being poured into judicial races, and that is having a detrimental effect on judicial independence and integrity, according to a new report from DRI, an organization of corporate defense attorneys. They recommend more disclosure of who pays for attack ads and disqualification of judges who receive too much money.
Paul, recipient of coal money, leery of new coal miner protections
U.S. Sen. Rand Paul (R-Ky.) isn’t sold on the need for more protections for coal miners. That shouldn’t be too surprising given that his campaign benefited from millions of dollars of expenditures from the coal industry.
Visit DemocracyIsForPeople.org to learn more! And make sure you don’t miss the latest, subscribe to receive the Money & Democracy Update weekly email.