In its original fundraising appeals to large and small donors, the use-big-money-to-stop-big-money Mayday Super PAC declared that it would raise $12 million for spending on 2014 races (with $6 million from small-to-medium donors, $6 million from megadonors), then stop fundraising and spend the raised money in campaigns.
Here’s the documentation of that plan from multiple [...]
Once heralding democracy for everyone, Americans Elect has restricted its voting membership down from tens of thousands of people to just three individuals: the individual Wall Street tycoon Peter Ackerman, the individual Wall Street tycoon Michael Bloomberg, and the individual Wall Street hedge fund Passport Capital (yes, corporations are people). Democracy works best when the [...]
The Federal Election Commission has an ever-growing list of “independent expenditures” made by political corporations whose donors the American people are kept from knowing and whose actual independence from congressional campaigns is a matter of conjecture. All one of these political corporations has to do is attest in its filings that its “expenditure was not [...]