Tuesday, February 21, 2012

PACs, Super PACs do not represent the PEOPLE they represent the 1%; a vote for Republicans is a vote for Dictatorship USA


The evolving nature of campaign funding was particularly evident in January with Mitt Romney's campaign and its ally, the aggressive Super PAC known as Restore Our Future.

Financial reports filed Monday with the Federal Election Commission indicate that Romney's campaign spent $19 million in January -- nearly three times as much as it raised -- as the former Massachusetts governor defeated Newt Gingrich in New Hampshire, lost to him in South Carolina and then topped him in Florida.
Restore Our Future, meanwhile, raised $6.6 million and spent $13.5 million, mostly on ads attacking Gingrich that helped Romney win the Florida primary. By the end of January, Romney's campaign had $7.7 million on hand and the pro-Romney PAC had $16.3 million.

The campaigns of Gingrich and Rick Santorum stayed in the game by raising $5.6 million and $4.5 million, respectively. But in Gingrich's case, the PAC supporting him -- called Winning Our Future -- was at least as influential as his campaign.

The pro-Gingrich PAC attracted $10 million in donations from the family of Las Vegas casino mogul Sheldon Adelson, and funded attack ads on Romney that helped Gingrich, a former U.S. House of Representatives speaker, win South Carolina's primary.

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