Clips Round-up for 7/25/12
Here's our wrap-up from yesterday's Senate hearing. And Gannett: "Former Louisiana Gov. Buddy Roemer urged lawmakers Tuesday to overhaul a campaign finance system that he said essentially allows wealthy donors to buy lawmakers." The Nation, PFAW statement, KTVQ in Montana, and Roll Call.
Campaign Finance/Fair Elections
Public Campaign: House Fair Elections Now Act Receives 100th Cosponsor
Congressman John Larson's Fair Elections Now Act has now reached 100 cosponsors. Larson: "With 100 co-sponsors, I'm proud to be able to say that FENA has gained the support of over half the Democratic Caucus, but we'll keep on working to gain broad bipartisan support for this much needed reform."
Election Law: Super PAC/c4 now wants to do joint fundraising with candidates
Title about says it all, and Rick Hasen says, "Keep your eye on this advisory opinion request to the FEC."
Buffalo News: Public financing will encourage democracy
Sean Coffey writes in Buffalo, "We need to encourage voters by instituting a public financing system that will maximize small-dollar donations and, critically, encourage participation in our democracy."
WaPo: STOCK Act foes may gain ally
"The law’s full name, the Stop Trading on Congressional Knowledge Act, clearly indicates it was originally focused on insider trading by members of Congress and their staffs. Yet, federal employees were roped into the statute in a way that could place them, and potentially national security, in jeopardy."
Cravaack to newspaper: Stop calling me out for favors to mining industry
Congressman Chip Cravaack can't believe a newspaper would say he's doing the bidding of mining industry donors. But, as we note, he has received a dramatic increase in mining money recently.
LA Times: CREW files complaint over Crossroads GPS "issue ads"
CREW filed a complaint with the FEC yesterday over Crossroads GPS ads. This quote from Crossroads is, well, something: "This is a baseless complaint from a group run by partisans, which serves partisan causes under the dubious guise of charity."
LA Times: GOP super PACs enjoy massive fundraising, cash advantage
"Republican-aligned “super PACs” are headed into the final months of the 2012 campaign having outpaced super PACs on the left in fundraising by nearly three to one, enjoying a cash advantage that’s sure to have Democrats spooked."
Washington Times: Gibbs: Romney’s overseas trip appears ‘built around fundraising’
"President Obama’s campaign is criticizing Mitt Romney’s upcoming six-day overseas trip as a pale imitation of the foreign campaign swing Mr. Obama took as a candidate in 2008 and suggested that it will be light on substance and heavy on fundraising."
iWatch: Big business prefers GOP over Democratic super PACs
"Republican-aligned super PACs have benefited from far more corporate cash than their Democratic counterparts — a revenue stream created in the wake of the controversial Citizens United U.S. Supreme Court decision two years ago."
Bloomberg: The Democratic billionaires are back
"Last month was the first time a super-political action committee supporting President Barack Obama attracted the attention of multiple big-money contributors, a review of Federal Election Commission records shows."
Politico: Weinstein: Obama fundraiser "an investment"
"Movie producer Harvey Weinstein tried to draw a line between the rich and the super-rich Tuesday when discussing an upcoming $2 million fundraiser he’s hosting for President Barack Obama’s reelection campaign."
NaJo: Robert Duvall to hold Romney fundraising event
"Academy Award winning actor Robert Duvall--yes, the actor whose character in Apocalypse Now loves the smell of Napalm in the morning--and his wife Luciana are holding a Mitt Romney fundraiser on Sept. 6 at their Loudon County, Va., home, the Alley has learned."
Politico: Romney bundler was gobetween in Valeria Plame outing
Haha: "A lobbyist bundler for Mitt Romney — who slammed President Barack Obama over political national security leaks throughout the day today — and donor to the super PAC supporting him was described as a 'go-between' in the outing of CIA officer Valerie Plame, FEC filings show."
Washington Post: Million-dollar donors account for nearly half of GOP super PAC fundraising
"About four dozen donors and families have given at least $1 million to super PACs this election cycle, with three-quarters of them giving to the GOP."
Roll Call: Murky standards for ethics cases
"The chain of events leading to the probes of Democratic Reps. Shelley Berkley (Nev.) and Maxine Waters (Calif.) are straightforward and factually similar...But determining whether the actions were taken primarily for their own benefit or for a larger group will be key to establishing whether any ethics violations occurred."
NYT: Adelson's latest foray courts Jews for the GOP
"A Republican group backed by the casino magnate Sheldon Adelson is starting a new effort in battleground states to win over Jewish voters who could be persuaded to turn away from President Obama and support Mitt Romney."
NBC Chicago: Obama's MIA fundraiser takes ride on Air Force One
"Two weeks after a New York Times article noted the 2012 abscence of Penny Pritzker, the big-time fundraiser and bundler who ran the finance arm of Obama's 2008 presidential campaign, Pritzker took a ride on Air Force One Tuesday, reports Politico."
NYT: Many Obama '08 fund-raisers now available
Secretary Clinton and State Department Ambassador that Obama appointed can't campaign so, "It is one of the few handicaps of incumbency, and in a year when the Obama campaign says Mitt Romney and Republican-affiliated 'super PACs' could raise more money than the president, it could be a significant disadvantage, if one difficult to quantify."
Politico: Helicopter parents flood super PACs
"Candidates’ rich mothers, fathers, brothers and sisters increasingly are pouring cash into super PACs that support their loved ones’ campaigns — a phenomenon that critics say tests the bounds of both contribution limits and rules barring coordination between candidates and super PACs."
Free Press: Hoekstra campaign accuses pro-Durant PAC of violating campaign finance law
"Pete Hoekstra's campaign for the U.S. Senate filed a complaint Tuesday with the Federal Election Commission alleging that a super PAC supporting Republican rival Clark Durant violated campaign laws.
NaJo: New internet industry trade assocation to launch
"A new trade group representing the nation's top Internet companies has named Michael Beckerman as its first president and CEO ahead of its official launch in September."