Economy  
comments_image Comments

How a Filthy Rich 196 People Will Buy Our Election

In 2011, 196 individual donors provided nearly 80 percent of the money raised by super PACs.
 
 
Share
 
 
 
 

To stay on top of important articles like these, sign up to receive the latest updates from TomDispatch.com here. 

At a time when it’s become a cliché to say that Occupy Wall Street has changed the nation’s political conversation -- drawing long overdue attention to the struggles of the 99% -- electoral politics and the 2012 presidential election have become almost exclusively defined by the 1%. Or, to be more precise, the  .0000063%. Those are the 196 individual donors who have provided nearly 80% of the money raised by super PACs in 2011 by giving $100,000 or more each.

These political action committees, spawned by the Supreme Court’s 5-4 Citizens United decision in January 2010, can raise unlimited amounts of money from individuals, corporations, or unions for the purpose of supporting or opposing a political candidate. In theory, super PACs are legally prohibited from coordinating directly with a candidate, though in practice they’re just a murkier extension of political campaigns, performing all the functions of a traditional campaign without any of the corresponding accountability.

If 2008 was the year of the  small donor, when many political pundits (myself included) predicted that the fusion of grassroots organizing and cyber-activism would transform how campaigns were run, then 2012 is " the year of the big donor," when a candidate is only as good as the amount of money in his super PAC. “In this campaign, every candidate needs his own billionaires,” wrote  Jane Mayer of The New Yorker.

“This really is the selling of America,” claims former presidential candidate and Democratic Party Chairman Howard Dean. “We’ve been sold out by five justices thanks to the  Citizens United decision.” In truth, our democracy was sold to the highest bidder long ago, but in the 2012 election the explosion of super PACs has shifted the public’s focus to the staggering inequality in our political system, just as the Occupy movement shined a light on the gross inequity of the economy. The two, of course, go hand in hand.

“We’re going to beat money power with people power,” Newt Gingrich said after losing to Mitt Romney in Florida as January ended.  The walking embodiment of the lobbying-industrial complex, Gingrich made that statement even though his candidacy is being propped up by a super PAC funded by two $5 million donations from Las Vegas casino magnate Sheldon Adelson.  It might have been more amusing if the GOP presidential primary weren’t a case study of a contest long on money and short on participation.

The Wesleyan Media Project recently reported a 1600% increase in interest-group-sponsored TV ads in this cycle as compared to the 2008 primaries. Florida has proven the battle royal of the super PACs thus far.  There, the pro-Romney super PAC, Restore Our Future,  outspent the pro-Gingrich super PAC, Winning Our Future, five to one.  In the last week of the campaign alone, Romney and his allies ran 13,000 TV ads in Florida, compared to only 200 for Gingrich. Ninety-two percent of the ads were negative in nature, with two-thirds attacking Gingrich, who, ironically enough, had been a fervent advocate of the Citizens United decision.

With the exception of Ron Paul’s underdog candidacy and Rick Santorum’s upset victory in Iowa -- where he spent almost no money but visited all of the state’s 99 counties -- the Republican candidates and their allied super PACs have all but abandoned retail campaigning and grassroots politicking.  They have chosen instead to spend their war chests on TV.

The results can already be seen in the first primaries and caucuses: an onslaught of money and a demobilized electorate. It’s undoubtedly no coincidence that, when compared with 2008, turnout was down 25% in Florida, and that, this time around, fewer Republicans have shown up in every state that’s voted so far, except for South Carolina. According to political scientists Stephen Ansolabehere and Shanto Iyengar, negative TV ads contribute to “a political implosion of apathy and withdrawal.”  New York Times columnist Tim Egan has labeled the post-Citizens United era “ your democracy on meth.”

 
See more stories tagged with: