Democrats finally caught up to Republicans in the super PAC battle, but it didnt matter, partly because they got crushed in the overall big-money war.
New reports to the Federal Election Commission show that Democrats, who had been leery about embracing the new big money politics until recently, far outpaced Republicans in the fundraising by super PACs, which are required to report their contributors identities.
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But voluntary disclosures by other outfits suggest Republicans more than made up for the disparity through their dominance of secretive non-profit groups that do not disclose their donors.
The six biggest-spending super PACs spent $177 million boosting Democrats and only $80 million boosting Republicans, according to a POLITICO analysis of the FEC filings, which cover roughly the three weeks before Election Day, plus the three weeks afterward.
They show a major push by both sides richest partisans in the run-up to the election, with 38 liberals giving $100,000 or more to the three biggest Democratic super PACs led by hedge funder Jim Simons, who gave $4 million for a total of $15 million. Interestingly, Tom Steyer the liberal hedge fund billionaire who was the elections single biggest disclosed giver at $74 million or more didnt contribute a dime in the final weeks to the super PAC he founded to elevate the issue of climate change.
On the other side, 31 conservatives reached or crossed the six-figure mark in the elections stretch run led by industrialist Charles Kochs $3 million check for a combined total of nearly $14 million.
What we did was kind of level playing field, said Ronnie Cameron, who donated $1.25 million in the last few weeks of the midterms to two of the three biggest conservative super PACs. The donations, which he made through his Arkansas-based Mountaire Corp. poultry company, went to the Karl Rove-conceived American Crossroads ($250,000) and the Koch brothers-backed Freedom Partners Action Fund ($1 million), and brought his combined totals to those groups to $3.5 million for the cycle.
The groups along with a third super PAC, the Joe Ricketts-funded Ending Spending Action Fund spent $21 million in the campaigns final three weeks assailing Democratic Senate candidates in key states including Alaska, Arkansas, Colorado, Iowa and North Carolina where Democratic super PACs had bombarded the airwaves early on trying to define GOP candidates.
There was so much political advertising, that it may have had minimal impact, because most people were just numb to it, but that is a whole lot better than having it be all one sided, said Cameron. He said he wanted his money to be used mostly on positive ads, but recognized the political wisdom behind contrast ads linking Democrats to President Barack Obama and Senate Democratic leader Harry Reid.
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Democrats win PACs, lose money war