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(Talking Points Memo)   Your schadenfreude for the day: billionaire donors want to change campaign finance laws because they can't tell if SuperPACs squandered their money   (tpmmuckraker.talkingpointsmemo.com) divider line 140
    More: Amusing, campaign finance laws, GOP, Liberty Bell  
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3827 clicks; posted to Politics » on 09 Nov 2012 at 12:58 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-11-09 01:16:49 PM  
Question: What happens to the unspent money when the election is over?
 
2012-11-09 01:16:53 PM  
Hey, look! John McCain has another issue to rail against.

/not trolling, but I'm kind of sad he switched on MMA
/oh jeebus what have i done
 
2012-11-09 01:17:06 PM  
I wonder how much their donations helped with the economy? Buying made in America goods such as campaign posters, shirts, buttons, commercials, actors to work in those commercials etc probably boost Obama's employment numbers. The more money they gave, the more they were shooting themselves in the foot.
 
2012-11-09 01:17:15 PM  
From what I know about Superpac money is the person running it can spend the money on absolutely anything he farking wants.
 
2012-11-09 01:17:20 PM  
It's kind of sad that these billionaires have the same "Government is bad unless it helps me!" viewpoint that poor Republicans have of welfare. All that money really doesn't make them a bit smarter.
 
2012-11-09 01:17:26 PM  

Githerax: Question: What happens to the unspent money when the election is over?


The GOP makes one more Willie Horton ad.

/not obscure.
 
2012-11-09 01:18:31 PM  
Epic. Butthurt. Epic.
 
2012-11-09 01:19:17 PM  
Then buy the damned ads yourself.
 
2012-11-09 01:20:13 PM  
Now is the time for reform. Butt hurt Republicans and level headed dems unite!
 
2012-11-09 01:20:13 PM  

Githerax: Question: What happens to the unspent money when the election is over?


It stays in the bank account for that candidate or PAC. In the case of PACs, it can be saved until the next election. In the case of candidates, it cannot, but they are allowed to transfer the money into PACs. Usually the extra money for a candidate gets moved to help pay off the debts of other campaigns in the party
 
2012-11-09 01:21:59 PM  

BMulligan: Would someone who is better at writing funny headlines than I am please submit this story and get it greened? I tried, but my headline was not up to the task. I think it's a cool story, and one that would spark a good conversation.


Well, not my best work...and it probably won't go green given the volume of green lights so far today....
 
2012-11-09 01:25:07 PM  
Dear Bitter Billionaires,

Campaigns are not 'investment opportunities'. You wanted the rules changed so you could blow absurd levels of money, hundreds of millions of dollars, on what ultimately amounts to a popularity contest.

This is what you chucklefarks WANTED. Go be self-conscious about a colossal farkup in judgement on your remaining tens, if not millions, of dollars.

Sincerely, the 'not-even-middle-class-according-to-you-dipshiats' of American.
 
2012-11-09 01:25:53 PM  

Dr.Zom: Wouldn't it be funny if Romney just sucked all the assets out of the Republican party and left the shell for the vultures?

I think that would be funny.


I kind of just assumed that was what he was doing.
 
2012-11-09 01:27:08 PM  

Lost Thought 00: Githerax: Question: What happens to the unspent money when the election is over?

It stays in the bank account for that candidate or PAC. In the case of PACs, it can be saved until the next election. In the case of candidates, it cannot, but they are allowed to transfer the money into PACs. Usually the extra money for a candidate gets moved to help pay off the debts of other campaigns in the party


Sometimes, the money can be converted to the candidate's own use. For example Palin had a book ghostwritten, then sold copies of "going rogue" at highly inflated prices to her own campaign to recover some money. Candidates can also use PAC money to pay for legal expenses, for example Palin used her own PAC money to pay $50K of expenses to defend herself in the Troopergate incident.
 
2012-11-09 01:27:43 PM  

Notabunny: Nurglitch: It's a free market. Caveat emptor.

First I giggled. Then I had a sad.


I don't believe for a second that Karl Rove "squandered" the 300 million dollars that he conned out of rich idiots. That would imply that he spent it on frivolous things that were of no use to anybody.

I believe, instead, that Karl Rove finds his fat Swiss bank account and harem of young boys to be a very wise use of the money. I am sure he does not consider it squandering at all.
 
2012-11-09 01:27:54 PM  
I wonder if trickle-down resulted from so many billionaires wasting their money?
 
2012-11-09 01:29:55 PM  
cdn.chud.com
 
2012-11-09 01:30:04 PM  

jigger: Then buy the damned ads yourself.


But don't you see, then everyone will know who's actually behind the ad. We can't have our beloved job creators held accountable for the disgusting lies they spread. Why do you hate the job creators?
 
2012-11-09 01:30:48 PM  

Counter_Intelligent: I wonder if trickle-down resulted from so many billionaires wasting their money?


Most media is owned by large groups, so mostly not. A lot of the money just circulated in the 1% sector.
 
2012-11-09 01:31:16 PM  
Alternate Headline: Mr. Freeze Laments Quality of Hired Goons
 
2012-11-09 01:31:47 PM  

Dr.Zom: Wouldn't it be funny if Romney just sucked all the assets out of the Republican party and left the shell for the vultures?

I think that would be funny.


I wonder how many of the PACs Bain "advised"...
 
2012-11-09 01:32:06 PM  

BMulligan: Would someone who is better at writing funny headlines than I am please submit this story and get it greened? I tried, but my headline was not up to the task. I think it's a cool story, and one that would spark a good conversation.


Interesting article. I think it's more applicable to 2008, but certainly shows the extent of the control united business leaders can exercise.
 
2012-11-09 01:32:46 PM  
Stewie Griffin: Ha ha. Oh, this is so good, it just HAS to be fattening.
 
2012-11-09 01:33:52 PM  
We certainly don't want to have more disclosures from SuperPACs. That would be totally wrong.

It really starts putting the lie to "rich people are smarter" when they pull crap like this. Sure, it's nakedly, transparently a ploy to allow buying candidates directly - but why so obvious? Is that the way to go? Are you still reeling from the loss and lashing out?
 
2012-11-09 01:36:07 PM  

Diogenes: Alternate Headline: Mr. Freeze Laments Quality of Hired Goons


Did you lift that off The Onion? That screams The Onion.
 
2012-11-09 01:36:47 PM  

alizeran: [i46.tinypic.com image 470x400]


Did you just submit your comment in pic form? Is this your thing?
 
2012-11-09 01:37:10 PM  
www.dontmindifido.com
 
2012-11-09 01:37:34 PM  

ToxicMunkee: Don't worry, Butthurt Billionaire, your money was spent as intended: funding nonstop negative political ads I either muted or fast-forwarded through.


Yep. I stopped watching/listening to any & all political ads after the 2004 election. Spend all you want, jackasses.
 
2012-11-09 01:38:15 PM  

DarwiOdrade: ModernPrimitive01: Bontesla: Aarontology: "We weren't able to buy an election, so now we care"

Go f*ck yourselves.

Yup. This.

[www.hollywoodisburning.com image 201x201]

[upload.wikimedia.org image 220x220]


1x57.com
 
2012-11-09 01:38:40 PM  

that bosnian sniper: A fool and his money...

Go fark yourselves, would-be plutocrats. You wanted the ability to spend near-limitless amounts of money without transparency and accountability to influence a political election, and you got it.


This. So much this.
 
2012-11-09 01:39:59 PM  
How about a hot, steamy cup of go fark yourselves?
 
2012-11-09 01:40:20 PM  

LeroyBourne: Diogenes: Alternate Headline: Mr. Freeze Laments Quality of Hired Goons

Did you lift that off The Onion? That screams The Onion.


No, but it does seem a bit on the low hanging fruit side. But I do take it as a compliment!
 
2012-11-09 01:40:41 PM  

fringedmyotis: ToxicMunkee: Don't worry, Butthurt Billionaire, your money was spent as intended: funding nonstop negative political ads I either muted or fast-forwarded through.

Yep. I stopped watching/listening to any & all political ads after the 2004 election. Spend all you want, jackasses.


It's almost as if these people were so disconnected from reality that they didn't realize how much of the population has DVRs and never watches ANY commercials.
 
2012-11-09 01:43:40 PM  
We thought it was understood that super-citizens would be able to see all of the details of how campaign money is donated and spent. It was only supposed to be the riffraff, the lazy, the idle, the useless scum, the non-job-creators, i.e., the non-billionaires, who were to be told with a truncheon that their role was to STFU and get back to work.

Honestly, we can't imagine how this could not have been understood.

And it's too bad, America, because if we had won, not only would the Romney staffers find their credit cards cancelled, but every single EBT card would be cancelled, every soup kitchen closed, all school loans cut off, and the police would finally have the latitude to protect public order and private property in a way that would let the shiftless idle trust fund hippies know was not compatible with their continued good health.

But now you'll just have to go without that nirvana.
 
2012-11-09 01:44:36 PM  

dr_blasto: fringedmyotis: ToxicMunkee: Don't worry, Butthurt Billionaire, your money was spent as intended: funding nonstop negative political ads I either muted or fast-forwarded through.

Yep. I stopped watching/listening to any & all political ads after the 2004 election. Spend all you want, jackasses.

It's almost as if these people were so disconnected from reality that they didn't realize how much of the population has DVRs and never watches ANY commercials.


I would like to see some hard data on the effectiveness of those ads. If you are swayed by one, regardless of whom you are supporting, you're kinda stoopid.

Same for robocalling. I called campaign offices and told them if I got another call they'd lose my vote.
 
2012-11-09 01:44:56 PM  

Lumpmoose: In TFA, Friess actually wondered "how many dollars were taken off as fees to the people running them". Politicians and the Supreme Court love their political free-speech-cash so much that they've legalized embezzlement with no enforceable paper trail or tax audit.


repeating from an earlier thread:

Renart: This is what's so baffling. It's not surprising they were trying to gull the rubes in the heartland through the press, but the campaign itself seems to have had no interest in gathering objective information about the campaign. Incredible.


A lot of political types working for or with the campaign (Rove for example) made a lot of money during it. In the last days left over funds went toward buying TV ads in PA where there was no hope however the buyers of air time still made their fat commissions. In this election I think the political operators appeared to not only be trying to gull the rubes but also the campaign and the big money donors.

Something I wrote in another thread:

hubiestubert: It is a call to arms, not for message, but for cash. Plain and simple.

Follow the money, kids. Always follow the money...


Many do not realize this but most right wing organizations such as Heritage, Town Hall, etc. have become large money makers with their leaders and sometimes fellows and associate making a very nice living. Remember, in this election Carl Rove did very well for himself by telling the rich what they wanted to hear and pretending it was political analysis and strategy.

This is a result from back in the 1970 a fusion of right-wing organizing and direct mail marketing of consumer health and wealth snake oil.

In the most cynical case these schemes don't really care about the political ideology they are selling, only that they can scare a large population into trusting them so they can be fleeced for money.


from: The Long Con: Mail-order conservatism - by Rick Perlstein

"Subscriber lists to ideological organs are pure gold to the third-party interests who rent them as catchments for potential customers. Who better suits a marketing strategy than a group that voluntarily organizes itself according to their most passionately shared beliefs?"

Typical direct marketing Perlstein would receive after signing up to right wing groups:

"Dear Reader, I'm going to tell you something, but you must promise to keep it quiet. You have to understand that the "elite" would not be at all happy with me if they knew what I was about to tell you. That's why we have to tread carefully. You see, while most people are paying attention to the stock market, the banks, brokerages and big institutions have their money somewhere else . . . [in] what I call the hidden money mountain . . . All you have to know is the insider's code (which I'll tell you) and you could make an extra $6,000 every single month."
 
2012-11-09 01:45:40 PM  

Dr Dreidel: We certainly don't want to have more disclosures from SuperPACs. That would be totally wrong.

It really starts putting the lie to "rich people are smarter" when they pull crap like this. Sure, it's nakedly, transparently a ploy to allow buying candidates directly - but why so obvious? Is that the way to go? Are you still reeling from the loss and lashing out?


Yes, I think so. These are not men who are used to spending so much money and getting absolutely nothing in return. They probably honestly view their donations as investments, and that they're guaranteed some sort of return. Indeed, that's probably how Rove sold it to them. Now, they realize they were basically caught on the wrong end of a Ponzi scheme, and they are thoroughly embarrassed and absolutely furious.
 
2012-11-09 01:47:21 PM  
Wait, you mean they want some regulation?
 
2012-11-09 01:48:47 PM  

doyner: BMulligan: Would someone who is better at writing funny headlines than I am please submit this story and get it greened? I tried, but my headline was not up to the task. I think it's a cool story, and one that would spark a good conversation.

Well, not my best work...and it probably won't go green given the volume of green lights so far today....


Thanks - I'll keep my fingers crossed.

qorkfiend: Interesting article. I think it's more applicable to 2008


Maybe. The 1892 election didn't have an incumbent winning re-election, so the comparison certainly isn't perfect.
 
2012-11-09 01:49:18 PM  

DamnYankees: Someone call 9-1-1. I'm officially overdosing.


Call another one, same here

/lulz
//holy crap has this been fun
 
2012-11-09 01:51:26 PM  
I'm sure the invisible hand of the free market will handle this much more efficiently than one size fits all government regulation.
 
2012-11-09 01:53:19 PM  

Diogenes: LeroyBourne: Diogenes: Alternate Headline: Mr. Freeze Laments Quality of Hired Goons

Did you lift that off The Onion? That screams The Onion.

No, but it does seem a bit on the low hanging fruit side. But I do take it as a compliment!


4.bp.blogspot.com
Oh, it was, and who would think these guys would ever let you down? They're totally legit.
 
2012-11-09 01:53:27 PM  
www.sanfranciscosentinel.com

they're coming home...

...and they are going to roost dammit!
 
2012-11-09 01:54:02 PM  

rtaylor92: Please imaginary lord, let the republican butthurt never stop. This has been the greatest 4 day stretch in Fark history


I have gotten shiat for work done this week.
 
2012-11-09 01:55:48 PM  

CapeFearCadaver: Wait, you mean they want some regulation?


actually, if you read it, they want even less regulation. essentially they thought that the SC gave them the right to buy off the politicians with a wink-wink. Now they are complaining about the rules that are in the way and want to give a check right to their candidate of choice. so, blatant beyond blatant payoffs.
 
2012-11-09 01:55:54 PM  
www.girlsjustwannahavefunds.com

us.123rf.com

www.awesomestories.com

/Hope they kept the receipt
 
2012-11-09 01:58:50 PM  

swankywanky: CapeFearCadaver: Wait, you mean they want some regulation?

actually, if you read it, they want even less regulation. essentially they thought that the SC gave them the right to buy off the politicians with a wink-wink. Now they are complaining about the rules that are in the way and want to give a check right to their candidate of choice. so, blatant beyond blatant payoffs.


Ah, even more beautiful. Here's to hoping for the beginning of the end, so I say: Cheers!

/what, I'm supposed to actually RTFAs now?!
 
2012-11-09 02:03:21 PM  
So basically you gave a giant pile of money to a man who looked like a ham wearing glasses and you were told you were buying access to the winning candidate and then he lost and your money appears to have gone down the tubes and the only person who is going to get anything out of this is the guy who brokered the transactions (and the advertisers he gave a lot of it to)
 
2012-11-09 02:04:25 PM  

CapeFearCadaver: /what, I'm supposed to actually RTFAs now?!


how can one keep up? there's a new batch of butthurt coming out every hour for the past three days!

I am so looking forward to going home for Thanksgiving to give some of the hard corr teabagger in-laws a rash of shiate!
 
2012-11-09 02:04:35 PM  

monoski: So basically you gave a giant pile of money to a man who looked like a ham wearing glasses and you were told you were buying access to the winning candidate and then he lost and your money appears to have gone down the tubes and the only person who is going to get anything out of this is the guy who brokered the transactions (and the advertisers he gave a lot of it to)


Sounds a lot like how those guys made their money in the first place.
 
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