Harry and his friends are discombobulated by the $31M.
Posted on 04/09/2015 6:33:17 PM PDT by 2ndDivisionVet
Ted Cruz backers have ushered in a new era for super PACs.
Supporters of the Texas Republican presidential candidate made a bombshell announcement this week — that a network of four affiliated super PACs will have raised an eye-popping $31 million by the end of the week. The disclosure, coming within weeks of Cruz launching his campaign for president, has sent deep ripples through the political fundraising world.
The idea of not one, but multiple, affiliated super PACs ostensibly working together to haul in donations for the same presidential candidate is unprecedented, campaign finance experts say.
Veteran fundraisers point out that the strategy could give already powerful donors never-before-seen levels of influence — and choice — over how their dollars are spent to help a presidential candidate. The unique setup is aimed at giving mega donors "influence and control over the expenditures" they are funding, explained Dathan Voelter, an Austin-based attorney and treasurer to three of the four super PACs.
As political strategists and campaign finance experts scramble to assess just what this all means for the future of political fundraising, one thing seems clear: Wealthy donors are most certainly about to get more powerful -- not less.
"My bet is that it all has to do with the donors -- donors having different views of what the super PAC should do," said Cleta Mitchell, a political law attorney at Foley & Lardner, who summed up the strategy as "very unusual."(continued)
(Excerpt) Read more at cnn.com ...
Does anyone take the hypocrites in the MSM seriously anymore?
Harry and his friends are discombobulated by the $31M.
I heard that half the donations were $100.00 or less. This is grass roots fundraising. It scares the old guard.
I sure hope it scares them.
Nope. The MSM hacks raised nary a whimper when the Kenyan was busy raising eye popping amounts from Wall Street and illegally from terrorists like the Palestinian amongst other foreign entities.
Putin is certainly watching Ted Cruz with keen interest, as is Castro and North Korea .....
Every time Ted Cruz does something out of the ordinary political way it’s been normally done, these people have another “HEART ATTACK”. They are left scratching their heads and their asses. I’m quite sure that they are “INVESTIGATING” the way Ted did what he did. These people will be searching Ted’s garbage, and if they could they would check out Ted’s sewer out put. Checking out the DNA and all that.
The liberals at CNN are clearly still in a snit over Citizens United. They’ll tell ghost stories about the Koch brothers while conspicuously ignoring the fact that Soros underwrites nearly all meaningful activity on the left these days.
The left has been doing smoke, mirrors, deception and Alinksy so long they have no skills to deal with truth and integrity, of the America People and Ted Cruz.
And Ted’s coming after THEM this time around, and every journo is just hoping he’ll be last to invite the Lion into his lair.
Good I hope he does well with modest amounts from many Americans. Any politician getting his money in smaller amounts from average USA citizens is something I totally support. The problem is we have oligarchs from all over the world that are capable of buying our politicians and government with their pocket change through SUPER PACS and we Americans are not informed who they are. It doesn’t cost that much to buy a US Congressman or Senator.
Freedom of speech should mean every citizen has a right to work their butt off for any candidate but not to buy them.
“The MSM hacks raised nary a whimper when the Kenyan was busy raising eye popping amounts from Wall Street and illegally from terrorists like the Palestinian amongst other foreign entities.”
Remember how the Clintons raised their money in the past? No big deal, not even worthy of scrutiny or reporting.
I think.
How do you continue to respect the freedom of speech of those who have worked their butts off for years, and in very productive ways, and now want to apply some of that stored work value to their candidate in a big chunk?
The concern raised by apoliticalone is a reasonable concern, one that should be considered.
I just don’t think there is a moral, Constitutional, solution.
All solutions I’ve seen thus far are much more dangerous than the ‘disease’.
I’ll guess we’ll have to disagree on this. Just because someone worked their butt off and got rich doesn’t mean they have a right to buy off our corrupt political class.
Every American citizen should get one vote and the right to work their butt off for a candidate and ability to donate a token amount that is enough to help but not influence. Money in politics equals corruption.
Ted Cruz is not corrupt.
we may be in agreement.
Define rich.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.