MONEY & THE ELECTION PROCESS Pgs
CAMPAIGN SPENDING Money plays a key role in politics It does present serious problems to democratic govt.
Most campaign money comes from private sources. Main sources: 1. Small individual contributors 2. Wealthier people 3. Candidates themselves
4. PACS 5. Temporary party orgs. 6. Party fund-raising events Most who contribute want something in return
REGULATING CAMPAIGN FINANCE Federal Election Commission 1. Require disclosure of campaign funding 2. Place limits on contributions 3. Place limits on expenditures
ROLE OF PACS Have a stake in public policy Can’t give more than $5,000 to any one federal candidate Can give to as many candidates
Candidate Total Raised Jan 2012 Raised SpentDebts Cash on Hand % From Small Indivs End Date Barack Obama (D) $136,886,599$11,661,189$63,236,869$1,056,688$75,953,12847%Jan 31, 2012 Mitt Romney (R) $62,706,797$6,241,288$55,042,207$0$7,677,62910%Jan 31, 2012 Ron Paul (R)$30,868,051$4,469,384$29,223,237$0$1,644,81547%Jan 31, 2012 Rick Perry (R) $20,007,596$232,460$19,147,428$0$860,1686%Jan 31, 2012 Newt Gingrich (R) $18,142,387$5,493,822$16,353,797$1,726,085$1,788,59048%Jan 31, 2012 Herman Cain (R) $16,785,982$0$15,799,552$580,200$986,43053%Dec 31, 2011 Rick Santorum (R) $6,689,808$4,511,105$5,215,744$956,701$1,474,06449%Jan 31, 2012