Tuesday, October 05, 2010

"Tidal wave of outside money swamping 2010 elections" (with video)

David Lightman (McClatchy Newspapers) with video (03:07):
Half a billion dollars from independent groups with strong but unofficial connections to Republicans and Democrats is flooding into congressional campaigns across the country this year, according to a study released Monday.

The Center for Public Integrity found that Republican-allied groups are likely to outspend their Democratic-oriented rivals by 3 to 2, and maybe even by 2 to 1. The center is a respected nonprofit, nonpartisan source of investigative journalism devoted to making institutional power transparent and accountable.

While big money in politics is hardly new, there never have been sums of this magnitude in midterm elections. The Center for Responsive Politics, another independent research group, estimates that in 2006, the last nonpresidential federal election year, independent interests spent about $300 million.

Further, never have so many donors been unidentified before elections; so far only about one-third of donors have been identified, the Center for Public Integrity study says. MORE...

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