Posted on 01/03/2012 11:47:02 AM PST by SmithL
It's not too early to project one set of winners from today's Iowa caucuses: the strategists and advertising whizzes of the political industrial complex who are taking advantage of a Supreme Court ruling on campaign finance to collect and spend unlimited donations from wealthy individuals and special interests to become a force in the presidential race.
In Iowa, the candidate who appeared to receive the biggest boost from an ostensibly independent political action committee was Mitt Romney. A group called Restore Our Future reportedly spent nearly $3 million on broadcast advertising aimed at lifting Romney's stature in Iowa - and, just as critically, stemming the surge of former House Speaker Newt Gingrich.
By law, the group could not coordinate its efforts with Romney's official campaign - which is subject to federal donation limits - but the strategists for this "super PAC" were well aware of what needed to be done on behalf of the former Massachusetts governor. Its top people included veterans of past Romney campaigns.
(Excerpt) Read more at sfgate.com ...
I shudder to think what it will be like in 2016 and 2020. Money will dominate everything else in future races.
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