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8.09.2011

Fwd: Dangerous Secret Money




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Dear friend of OpenSecrets.org,

Did you happen to see this recent episode of the Colbert Report, in which I warn comedian Stephen Colbert about the dangers of undisclosed money in politics?

Then, as if on cue, last week we learned that a political committee organized to aid Republican Mitt Romney's presidential campaign accepted millions of dollars from companies that appear to exist only on paper.

One of them, NBC News reported, even dissolved weeks after it donated $1 million to this super PAC.

With opaque names like "W Spann LLC" and "F8 LLC," the public is left in the dark about who is really bankrolling these groups -- unless the law changes or individuals voluntarily step forward to claim credit, as former Bain Capital executive Ed Conard did once the media scrutinized the W Spann LLC donation.

In the wake of the Citizens United ruling last year, super PACs now raise unlimited sums from corporations and unions. In total, they raised $85 million last year -- a hefty sum sure to be surpassed this year as control of both Congress and the White House is at stake.

Furthermore, nonprofits and other groups spent more than $137 million last election cycle on political ads without disclosing any information about their donors. That's fully 45 percent of all the spending by these outside groups, and it's a sum -- and proportion -- that is likely to grow in 2012.

The Center for Responsive Politics' research, reporting, analysis and expertise has played a critical role in understanding these troubling trends. Hundreds of media outlets rely on the Center's data and staff to explain this changing campaign finance landscape.

Next up, look for our ongoing analysis of outside spending during the 2012 election cycle. And we will continue to advocate for disclosure of secret donors to political ad campaigns and fight for a more transparent and accountable government.

As we say at CRP: Count cash, and make change.
    
So stay tuned! And thank you for supporting the Center and OpenSecrets.org.

Sincerely,





Sheila Krumholz
Executive Director
Center for Responsive Politics



Copyright © 2011 Center for Responsive Politics, All rights reserved.  You are receiving this email because you opted in at our website, OpenSecrets.org.

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8.04.2011

Newsletter: Court of Theorists, Pieces of Debt and More




OpenSecrets.org news on money in politics. Is this email not displaying correctly? View it in your browser.

Amid Budget Debate, Few Lawmakers Own Pieces of U.S. Debt


For a select group of members of Congress, the debate over the debt ceiling has more than political implications. For those with investments in U.S. Treasury notes, bonds and bills, there's a bit of a personal skin in the game too. In 2010, at least 14 veteran members of Congress personally owned a portion of the U.S. debt, according to a Center for Responsive Politics review of congressional personal financial disclosure reports. » Read More


Pennsylvanians Show Santorum the Money


It's good to have home state allies, but will they be enough for for Rick Santorum, the former senator from Pennsylvania, who announced he would be seeking the Republican presidential nomination in June? At least 27 percent of the $582,100 Santorum raised through June 30 has come from residents of the Keystone State, according to a preliminary analysis of campaign finance filings by the Center for Responsive Politics. Pennsylvanians have so far given Santorum at least $160,660. » Read More


Money Talks: An Interview with Top Campaign Finance Attorney Trevor Potter


Attorney Trevor Potter has been a part of the campaign finance world for two decades, serving as counsel for Sen. John McCain (R-Ariz.) and comedian Stephen Colbert. Along the way, he founded the Campaign Legal Center, a nonpartisan, nonprofit group that focuses on legal issues surrounding campaigns and elections and supports campaign finance regulations. OpenSecrets Blog recently sat down with Potter to discuss the changing campaign finance landscape. The wide-ranging conversation touched on the seriousness of Colbert's super PAC, how political speech isn't for "sissies" and how the U.S. Supreme Court is made up of "theorists" who are "not in touch with reality" when it comes to how money is being raised and spent. » Read More


Which Members of Congress Feel the Love From Dunkin' Brands?


The Dunkin' Brands Group, owner of Dunkin' Donuts and Baskin Robbins, got a lot of love from investors when it debuted on the stock market last week. But how much love has the company given to Washington? During the 2010 election cycle, Dunkin' Brands' political action committee contributed some $42,000 to mostly Democratic candidates. But it also donated to several Republicans -- including some of the highest-ranking GOP leaders in Congress. » Read More


Happy Birthday MTV


MTV celebrated its 30th birthday this week. Much has changed since the channel was first launched -- remember when it actually played music videos rather than bad reality television shows? But for nearly MTV's entire life, it has been owned by a single parent-company: Viacom. And while MTV does not have its own political action committee, Viacom's PAC has been a prolific supporter of federal politicians. During the 2010 election cycle, Viacom's PAC contributed more than $237,000 to federal politicians, with 58 percent of that sum benefitting Democrats. » Read More


Join OpenSecrets.org on the West Coast


Join OpenSecrets.org Outreach Coordinator Evan Mackinder at informal meet and greet sessions on Saturday, Aug. 13, in Seattle and Saturday, Aug. 20, in San Francisco. These are informal sessions, meant to give supporters of OpenSecrets.org and activists a chance to meet with a member of our staff and talk about issues related to campaign finance and government transparency. It's also a chance for us to hear what's on your mind! Come, join us!


Numerous Media Outlets Citing OpenSecrets.org's Research, Reporting


Numerous media outlets have this past week cited OpenSecrets.org's research and experts, including MSNBC.com, Politico, Washington Post, New York Times, Scripps Howard News Service and Associated Press.

Other news organizations relying on the Center this week include:

See all the news outlets and blogs who've been citing our work at our "In the News" page.

August 4, 2011
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Center for Responsive Politics
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Washington, District of Columbia 20005





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