September, 2012

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MapLight, the Political Money Tracker, Launches Politicash 2012 App for the Presidential Election

Sunday, September 30th, 2012

Our friends at Maplight have a really great app for tracking the money flowing in this year’s election campaigns.

Maplight

MapLight, the Political Money Tracker, Launches Politicash 2012 App for the Presidential Election

Free Mobile App Gives Users Immediate Access to Who’s Funding Presidential Candidate and Affiliated Super PAC Campaigns

Sept. 25, 2012–MapLight, a nonpartisan research organization that reveals money’s influence on politics, announces the launch of its new mobile app, Politicash 2012. The app, freely available for iOS and Android, tracks money flowing into the presidential race, making it easier than ever to know exactly who’s funding the candidates, including the shadowy money going into the campaigns of their affiliated super PACs. An auto-tweet feature alerts candidates that users are keeping tabs on their fundraising. Politicash 2012 is updated regularly with the most recent data from the Federal Elections Commission (FEC).

“With millions of dollars flowing into the presidential race, Politicash 2012 makes it easier than ever to track the biggest donors and hold our candidates accountable, all from the palm of your hand,” said Daniel G. Newman, MapLight’s co-founder and president.

The app’s features include:

  • Head to head comparison of total contributions to Obama and Romney, including a fundraising breakdown by super PAC versus campaign committee
  • Graphs tracking money raised and spent by each candidate over time
  • The top 5 contributors overall
  • Biggest contributors of the latest week of available records from the FEC
  • A “Shake” feature, showing a random sample of company, individual, and PAC contributors to each candidate

Download Politicash 2012 today for iOS and Android.

Politicash 2012 launches in partnership with the Brennan Center for Justice, the Campaign Legal Center, Common Cause, Citizens for Responsibility and Ethics in Washington, Global Exchange, the Participatory Politics Foundation, Public Campaign, Rock the Vote, and Rootstrikers.

Business Insider: Andrew Ross Sorkin Rips Into Tim Pawlenty For Taking New Wall Street Lobbying Gig

Tuesday, September 25th, 2012

To boil it down to one sentence, Sorkin says that this appointment “is the clearest sign yet of the flexible ethic that makes the revolving door in Washington spin faster.”

Business Insider

In Dealbook this morning, Andrew Ross Sorkin assessed former Minnesota Governor Tim Pawlenty’s new job as president of the Financial Services Roundtable, Wall Street’s K-Street lobby group.

Actually, “assessed” doesn’t really capture what Sorkin does in the piece. He goes over a laundry list of examples of when Pawlenty was passionately and unabashedly at odds with Wall Street. The issues range from last summer’s debate over raising the debt ceiling to the bank bailouts.

To boil it down to one sentence, Sorkin says that this appointment “is the clearest sign yet of the flexible ethic that makes the revolving door in Washington spin faster.”

But not so fast. Pawlenty has always championed one of Wall Street’s favorite causes — limiting financial regulation. That translated into significant donations to his presidential bid from individuals at Goldman Sachs and Wells Fargo, according to Open Secrets.

And when Sorkin asked Steve Bartlett, the current president of the Financial Services Roundtable, about the Pawlenty pick, things got really frank.

From the NYT:

When I asked how he felt about Mr. Pawlenty’s comments about the bailouts, which seem at odds with his organization, he said: “Our views are totally consistent. I don’t find those views to be at odds….”

And what about Mr. Pawlenty’s views of defaulting on the debt ceiling?

“In Washington there is an old saying, ‘Where you stand depends on where you sit.’ “

Sadly, no truer words have ever been said about the influence of money on our nation’s capital.


Read the full column at Dealbook>

Los Angeles Times: Poll: Americans largely in favor of campaign spending limitations

Monday, September 17th, 2012

Amid the flurry of cash directed at the presidential campaigns as well as congressional races, a new poll reveals that the American people aren’t pleased with the vast amount of fundraising now involved in elections.

Los Angeles Times

An Associated Press-National Constitution Center poll found that 83% believe there should be at least some limits on the amount of money corporations, unions and other organizations are permitted to contribute to groups seeking to influence the outcome of presidential and congressional races. And 67% think that limits should also be placed on individual contributions to campaigns. That matches up with just 13% who don’t want limits on external contributions, and 28% who repudiate limits on individuals.

The poll comes during the first post-Citizens United presidential election, stemming from the 2010 Supreme Court decision which ceased limitations on campaign expenditures aimed toward independent organizations made by corporations, ruling them to be free speech protected under the Constitution.

INTERACTIVE: Spending during the 2012 election

The Los Angeles Times has detailed much of the money spent by third-party groups on either side of the presidential race, which as of Sunday has topped $152 million since April. That spending is dominated by spending against President Obama, ($88.9 million), compared with the relatively small amount spent so far against Mitt Romney ($34.9 million).

Americans for Prosperity, a conservative nonprofit advocacy group heavily backed by the well-known Koch brothers, top the list of groups working against Obama, spending $30.8 million on “issue ads.” Restore Our Future, a group formed by former aides of Romney’s campaign, narrowly trails AFP with $28.4 million.

Spending against Romney, on the other hand, is singularly dominated by Priorities USA Action’s $26.4 million, which accounts for over 75% of the total spending against the Republican candidate. Priorities USA Action, like Restore Our Future, was started by former White House aides.

Tellingly, opposition spending dwarfs spending made in favor of either candidate, with just $4.8 million spent in support of Obama, and $13 million spent in favor of Romney.

INTERACTIVE: Battleground states map

As for the presidential rivals themselves, Obama and the Democratic Party, for the first time since April, recently out-raised Romney and the Republican National Committee during August, $114 million to $111.6 million. Through August, Obama and the DNC lead Romney and the RNC in fundraising $747.4 million to $645.9 million.

Romney has repeatedly defended the ruling in Citizens United, while Obama has called for it to be overturned.

The AP-National Constitution Center Poll was conducted between Aug. 16-20 with landline and cellphone interviews among 1,006 individuals with a margin of error of +/- 3.9 points.