1. MONEY & THE ELECTION PROCESS Pgs. 173-179

2. CAMPAIGN SPENDING  Money plays a key role in politics  It does present serious problems to democratic govt.

3.  Most campaign money comes from private sources.  Main sources: 1. Small individual contributors 2. Wealthier people 3. Candidates themselves

4. 4. PACS 5. Temporary party orgs. 6. Party fund-raising events  Most who contribute want something in return

5. REGULATING CAMPAIGN FINANCE  Federal Election Commission 1. Require disclosure of campaign funding 2. Place limits on contributions 3. Place limits on expenditures

6. ROLE OF PACS  Have a stake in public policy http://www.opensecrets.org/pacs/pacfaq.php http://www.opensecrets.org/pacs/pacfaq.php  Can’t give more than $5,000 to any one federal candidate  Can give to as many candidates  http://www.fec.gov/disclosurep/pnational.do http://www.fec.gov/disclosurep/pnational.do

7. 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