Money flows from 50 top donors

Close to Half of All Super PAC Money Comes from 50 Donors

(Washington Post) – A small core of super-rich individuals is responsible for the record sums cascading into the coffers of super PACs for the 2016 elections, a dynamic that harks back to the financing of presidential campaigns in the Gilded Age.

Close to half of the money — 41 percent — raised by the groups by the end of February came from just 50 mega-donors and their relatives, according to a Washington Post analysis of federal campaign finance reports. Thirty-six of those are Republican supporters who have invested millions trying to shape the GOP nomination contest.

In all, donors this cycle have given more than $607 million to 2,300 super PACs, which can accept unlimited contributions from individuals and corporations. That means super PAC money is on track to surpass the $828 million that the Center for Responsive Politics found was raised by such groups for the 2012 elections.

More: http://www.teaparty.org/close-half-super-pac-money-comes-50-donors-158566/

Advertisements

8 comments on “Money flows from 50 top donors

  1. Hardnox says:

    Looks like they flushed their money as the American people gave them the finger. Ha, ha!

    Liked by 2 people

  2. peppermintfarm says:

    LOL! Nox how true! Makes me laugh.

    Liked by 1 person

  3. peppermintfarm says:

    With only 50 major donors I assume the election is bought off by just few people and what we do and think makes no difference, at least in other elections where the people didn’t rise up due to a Trump in the race.

    Liked by 1 person

  4. peppermintfarm says:

    This time it was a bad investment. And the are probably crying over their lost money now. Ha, ha, yeah the donors are most likely not wanting to invest in Ryan and with this latest hoopla by Ryan, even more so.

    Liked by 1 person

    • Bullright says:

      Oh I bet he is padding his coffers and his house buddies are probably raising money to take out or co-opt Trump. But the latter isn’t happening so they’ll raise money to oppose him. (I’m sure Ryan’s gang wants a piece of what #NeverTrump is raising) Big donors have queasy stomachs about pouring (more) money in, IMO..

      Liked by 1 person

      • peppermintfarm says:

        That sounds like a creepy scenario. I hate to think of what Trump will have to put up with if he becomes prez.

        Like

Comments...

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s