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Fred Sanders

(23,946 posts)
Thu Oct 16, 2014, 04:01 PM Oct 2014

Dark Money Hits $100 Million, Set to Double In Weeks.

Dark Money Hits $100 Million With Help from Single-Candidate Groups


https://www.opensecrets.org/news/2014/10/dark-money-hits-100-million-with-help-from-single-candidate-groups/


Spending by groups that don’t disclose their donors in the 2014 midterm elections has crested $100 million, a figure that is well ahead of what was spent on congressional races at this point in any other cycle. And the most is yet to come.

How much more? Probably at least another $100 million, if past experience is a guide. In the last seven cycles, going back to 2000, more than 54 percent of the eventual total dark money spending, on average, occurred in the final weeks before the election. In only one cycle, 2008, had more than half of it been spent by Oct. 8. In all other cycles, anywhere from 50 to 72 percent of dark money outlays came after that date. (All figures are based on spending that the groups reported to the FEC.)

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My headline would be "Media Hit Political Advertising Jackpot, Has The Media Been Corrupted?"

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