1. Congress and Fundraising

2. Opportunities to discuss course content Thursday 10-2 Friday 10-12

3. Learning Objectives Analyze the theories of why people vote and apply them to the 2012 Election. Evaluate the strengths and weaknesses of how presidential and congressional elections are financed.

4. PUBLIC FINANCING IN 2012

5. Government Money in the Primary Federal Money is available in primary and general election There are Eligibility Requirements, caps on spending, and caps on raising. 22 million from the G, and 55 million cap on spending

6. Federal Money in the 2012 Primaries In 2012, no one accepts it Candidate strategy helped end this

7. Public Funding for General Election Each candidate could receive 91 million in public money It doesnt kick in until you are officially nominated This money served to reduce campaign costs and remove any potential for corruption

8. At the Presidential Level

9. This is Hard Money

10. WHY DO I NEED IT AND WHERE DO I GET IT? Money

11. Why I Need Money to Run for office It buys advertising and mobilizes voters It converts itself In Scares away challengers

12. I Will Lose Without it There is no public money available or it is foolish to take it The Cost of Winning a seat – 1.3 Million in the House – 7 Million in the Senate

13. WHERE WE GET OUR MONEY

14. Sources Individuals Parties Pacs Third Party Groups

15. How Much Can People Give?

16. Political Parties

17. The Role of the Internet Publicity Instant Access Low Opportunity Costs Currently favors the Democrats

18. Political Action Committees The Money Giving Arm of an Interest Group Can Give $5,000 per candidate per election

19. Different PACs have different Goals Issue PACS Labor PACS Ideological PACS Leadership PACS

20. PACS Give to Safe Seats Money flows to safe seats Giving money to losers has no return on investment If I wanted to buy seats, I would give to underdogs and closer races

21. Why do I give to Incumbents of any party? I care about the issues, not the label I want to keep my supporters in office Keep my enemies out

22. PACS Give to People Who Already Support them Corporations Love Everyone You want them to get reelected You want them to continue to support your ideas

23. Donors Do not Try and Switch People My money is not going to change their votes They wont take my money anyway

24. If Money Buys votes, why dont I give to undecided members Money could convince them to vote my way But what if it doesnt Its safer to hang on to it

25. If I wanted to Buy Votes? Than why do I give to my friends? I give my money to my strongest supporters You want them to get elected and reelected You want them to continue to support your ideas

26. In Texas Ted CruzPaul Sadler

27. The Goal Of My Money Access A chance to meet with legislators Ensure my views are represented

28. NEW MONEY IN ELECTIONS

29. Citizens United vs. Federal Election Commission Corporations and labor unions can spend unlimited amounts of undisclosed money to call for the election or defeat of candidates all the way to election day. Can include the magic words Cannot be in conjunction with a candidate or party

30. Independent Expenditures in 2010 From The RightFrom The Left

31. Super PACS Created by Speechnow Decision Can collect unlimited amounts of disclosed money Can collect from non- profits who dont Must be independent and can use magic words

32. 501(C) nonprofits Can Spend Unlimited Amounts of Money Do not have to disclose their donors Cant use the magic words Cant be primarily engaged in politics

33. Top 501(c)s

34. Karl Rove: Best of Both Worlds American CrossroadsCrossroads GPS Super Pac Must Disclose Donors 501 (c) Doesnt have to disclose donors Can give to other 501(c) groups as part of social welfare goal

35. Sheldon Adelson 92 Million total 20.5 Million went to Newt Gingrich The biggest donor of 2012

36. The Super Donors

37. OUTSIDE SPENDING IN 2012

38. Top Outside Spenders: 2012

39. Outside Spending in 2012

40. Advantages of Super Pacs They Can Spend the Unlimited Amounts Level the Playing Field Say things that a candidate would never say

41. Disadvantages of Super Pacs Message problems Cost-effectiveness

42. Impact of the Super-pacs GOP outspends 2-1, but Hard Money is still better Tend to give to ideologically pure and long- shot candidates Will have to re-evaluate themselves

43. THE ELECTION The Republicans

44. Romney Perry Gingrich Santorum

45. Obamas Super Pac Strategy Previously If You cant beat them, join them Creates a super pac

46. Obama in the Summer Preemptive Attack Battleground States Cost-Effective

47. Overall Spending