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Archive for February 9th, 2012

Dems’ super PACs, trailing in money race, to coordinate fundraising

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The law forbids super PACs — political action committees permitted to raise unlimited funds with little disclosure of donors — from coordinating their activities with those of candidates’ formal campaign committees.

But, it seems, nothing prevents super PACs from coordinating their fundraising activities with each other. And this comes with the blessing of the Democratic fundraiser-in-chief.

From a report by Peter Stone of the Center for Public Integrity comes this tidbit:

Five Democratic super PACs are reaching out to party mega-donors, in a fledgling effort seeking $1 million to $10 million contributions, now that President Barack Obama has blessed the outside spending group working to get him re-elected.

And the reason? Stone reported in January that Democratic super PACs and nonprofits, formed last year, had only raised about $19 million.
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Written by Dr. Denny Wilkins

February 9, 2012 at 9:54 am

Posted in Uncategorized