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Amazing new data on who owns U.S. elections

In case you missed it, the folks at U.S. PIRG and Demos released a new report yesterday that includes some downright stunning numbers on the way big money has seized almost total control of U.S. Elections in the post-Citizens United world. The following is from the release that accompanied the report:

“Newly minted Super PACs dominated outside spending reported to the FEC, aggregating huge sums from millionaires and billionaires.

  • The top 32 Super PAC donors, giving an average of $9.9 million each, matched the $313.0 million that President Obama and Mitt Romney raised from all of their small donors combined—that’s at least 3.7 million people giving less than $200.
  • Nearly 60% of Super PAC funding came from just 159 donors contributing at least $1 million.  More than 93% of the money Super PACs raised came in contributions of at least $10,000—from just 3,318 donors, or 0.0011% of the U.S. population.
  • It would take 322,000 average-earning American families giving an equivalent share of their net worth to match the Adelsons’ $91.8 million in Super PAC contributions.
  • Super PACs accounted for more than 60% of outside spending reported to the FEC.
  • For the 2012 cycle, Super PACs received more than 70% of their funds from individuals, and a significant percentage (12%) from for-profit businesses. ” 

As the Koch brothers, Art Pope  and others of their ilk will probably tell the Chief Justice the next time they see him: “Heck of a job, Johnny!”

You can read the entire (and very sobering report) by clicking here.

2 Comments

  1. Frances Jenkins

    January 19, 2013 at 4:27 am

    Rob,
    Seeker of justice, truth, fairness and the removal of poverty, how much was spent on the other side by Sam or James? Who contibuted? Break down Obama’s big contributors.

  2. wncgirl

    January 24, 2013 at 11:34 am

    frances democrats are not making a movement out of buying elections- to even suggest that they compete on the level of the GOP is ridiculous and leads me to believe that a steady diet of fox and friends causes serious lapses in judgement and common sense…. try a diet or read a book not written by a conservative hack.