‘Super PACs’ Finally a Draw for Democrats

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James Simons, a Long Island investor and philanthropist, has not given a cent to President Obama’s re-election campaign this year.

But Mr. Simons has given at least $2 million to Priorities USA Action, the “super PAC” aiding Mr. Obama, and $2 million more to two allied groups supporting Democrats in Congress, making him the biggest Democratic super PAC donor in the country.

With the election just weeks away — and millions of dollars in advertising time booked but not yet paid for — Democratic super PACs are finally drawing the kind of wealthy donors who have already made Republican outside groups a pivotal force in the 2012 campaign.

More than 40 individuals and couples had given at least $250,000 to the leading Democratic super PACs through the beginning of September, according to a New York Times analysis of campaign finance records, and dozens more have given $100,000 or more.



http://www.nytimes.com/2012/09/27/us/politics/super-pacs-finally-a-draw-for-democrats.html?partner=rss&emc=rss&_r=0moc.semityn.www&pagewanted=all

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1. It just makes me sick how much money goes into the campaign from both sides.

We need publicly funded elections.

I know it's not what is going to happen, but it is what we need.