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Archive for December 22nd, 2010

For 20 years, big-time political money still flowing from the same sources

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We do not know the amount of invisible money injected into politics that resulted from the Supreme Court’s Citizens United decision in January that permitted anonymous corporate political spending.

But we can count the visible money, campaign contributions that the law requires be reported. No matter what the hot-button issue is on the public’s (er, media’s) agenda at any given time, the big money given to congressional candidates comes from the same sources.

More than three years ago, I analyzed data from the Center for Responsive Politics, looking at donations since 1990. Here were the top givers:

Since 1990, lawyers and law firms have made nearly $781 million in campaign contributions, ranking them No. 1. (Adding in the lobbyists makes that nearly $900 million.)

At No. 2 are the retired folks who want to protect what they spent a lifetime accumulating. The AARP faction has made nearly $662 million in campaign contributions since 1990.

At No. 3 is the securities and investments industry (which the AARP set leans on to protect its wealth), which has made $463 million in campaign contributions since 1990.

At No. 4: Real estate at $456 million.

At No. 5: Health professionals at nearly $360 million.

Nothing’s changed. The same groups are still pushing more money into congressional campaigns than another other special interests. But the game is different now: This is only the money we can see. Citizens United permits anonymity: Now we worry about political money we cannot see or count.
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Written by Dr. Denny Wilkins

December 22, 2010 at 6:29 pm

Posted in Uncategorized