Some amazing paragraphs posted this afternoon at opensecrets.org:
The amount of outside spending for ads and other purposes in the current election cycle is nearly double what had been spent at the same point in 2008, according to calculations by the Center for Responsive Politics.
As of Jan. 24, $44.6 million had been spent on independent expenditures, electioneering communications and communications from unions to members and corporations to shareholders. At the same point in 2008, the figure was $23.1 million, and in 2010 it was $21.1 million.
The knock-out figure: 95 percent of this cycle’s spending can be traced to presidential super PACs.
- By Jim Galloway, Political Insider