ktlight
11th May 2011, 08:47
The 2012 presidential election promises to have the most anonymous campaign donations in U.S. history. Unless the Obama administration acts, unknown corporate and wealthy interests will fund massive advertising campaigns against and for candidates but the voters will not know who they are or their real agenda. The Obama administration can prevent this further corruption of U.S. democracy by taking two steps, neither of which requires action by Congress.
Step One: Enforce Existing Laws
In the 2010 mid-term elections we saw the evolution of a new form of campaign funding that violated the disclosure requirements of the Federal Election Campaign Law (FECA) by illegally using non-profit organizations to hide campaign donations.
The new approach was masterminded by Karl Rove and former Republican Party leaders through American Crossroads GPS. They created a non-profit organization under 501(c)(4) of the Internal Revenue Code – organizations that are not supposed to be primarily involved in elections – and used it to raise tens of millions in anonymous donations. In total, nearly $150 million was spent by these (c)(4) groups leaving voters in the dark as to the personal interests of the donors. We can expect that amount to more than double in 2012 if existing laws are not enforced. Indeed Rove has announced his group alone intends to raise $120 million for 2012.
source
http://globalresearch.ca/index.php?context=va&aid=24711
Step One: Enforce Existing Laws
In the 2010 mid-term elections we saw the evolution of a new form of campaign funding that violated the disclosure requirements of the Federal Election Campaign Law (FECA) by illegally using non-profit organizations to hide campaign donations.
The new approach was masterminded by Karl Rove and former Republican Party leaders through American Crossroads GPS. They created a non-profit organization under 501(c)(4) of the Internal Revenue Code – organizations that are not supposed to be primarily involved in elections – and used it to raise tens of millions in anonymous donations. In total, nearly $150 million was spent by these (c)(4) groups leaving voters in the dark as to the personal interests of the donors. We can expect that amount to more than double in 2012 if existing laws are not enforced. Indeed Rove has announced his group alone intends to raise $120 million for 2012.
source
http://globalresearch.ca/index.php?context=va&aid=24711