The NYT is reporting* that more than 500 Super PACs have registered with the Federal Election Commission.
Very rich people used to show off with their Gulfstreams and Ferraris — a Super PAC is the new status symbol.
So now the whole point of limiting the dollar amount of campaign contributions, such as $2500 per person for a presidential campaign, is meaningless. You just shift your money away from the campaign to its Super PAC.
That’s why Mitt’s Super PAC, Restore Our Future, has spent twice as much on ads so far, about $45 million, as Mitt’s campaign. And those ads don’t have the tempering effect that the words “I’m Mitt Romney, and I approve this message,” should have. A candidate can be more shameless and outrageous when he doesn’t have his name on the thing.
If Citizens United protects “speech,” it’s pretty obscene speech.
Between the lobbyists and the campaign finance laws, We the People really don’t have a chance.
“Super PACs Let Strategists Off the Leash,” Nicholas Confessore