Prognosis for 2012: Even More Secretive Corporate Campaign Spending
In this post Citizens United era, expect the 2012 election to experience even more large scale corporate campaign spending by secretive groups than we saw in 2010. Karl Rove hopes to raise $120 million for this election cycle, almost twice as much as he did last year. From the Hill:
Two outside conservative fundraising groups, American Crossroads and Crossroads GPS, announced Tuesday they aim to raise $120 million through the end of 2012, when President Obama is up for reelection.
Both groups were created last year with the help of former top Bush White House aide Karl Rove and former Republican National Committee Chairman Ed Gillespie. The groups raised $71 million for the 2010 cycle, which helped propel Republicans into the majority in the House and gain six seats in the Senate.
Rove is among the most famous figures in the outside campaign fundraising business, but expect a lot of this to be happening at a smaller and more diffused level.
When the overwhelming issue controlling the government’s behavior is the votes of regular people it is called democracy. When the determining issue in how a country is governed is wealth, the ability to get money, and the use of money to set policy, it is called a plutocracy.