Ever since the Supreme Court’s infamous Citizens United decision there has been a tidal wave of political advertisement expenditures. The money has overwhelmingly been derived from corporate and billionaire donors. Not surprisingly, Super PAC money has also predominantly gone to GOP candidates and Mitt Romney. The orgiastic spending habits of the rich, greedy and corrupt seems to be slowing, however. For now.
In June, according to a Federal Election Commission report, $55 million was raised by Super PACS. The July FEC filings show that a mere $30 million was raised. Not too shabby, of course, but not nearly as decadent either.
The New York-based Renco Group, known for its environmental destruction, contributed $1 million to Restore Our Future. “Renco was involved in an environmental battle with the government of Peru last year, prompting them to set up a heavy weight lobbying campaign in Washington to help get them out of the mess,” According to Sunlight Foundation, which followed the story closely.
And, once again, the top Super PAC donor for July was Texas real estate tycoon Bob Perry of Perry Homes, who donated a cool $2 million to Restore Our Future, bringing the total donated to Mitt Romney to $7 million. Perry has also contributed $4.5 million to the GOP group American Crossroads, created by Karl Rove and Ed Gillespie.
Although Super PAC fundraising is down, this could very well be the calm before the storm. It’s the last month of summer. People are enjoying the final days of sun, beach and play. Come September—specifically, Labor Day (the irony is thick)—families and college students will be back inside watching more TV. The perfect opportunity for Super PAC money to brainwash the masses.
Democracy (wink, wink).