Karl Rove: He's Back, Big Time - Businessweek - 4 views
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Wynn’s preference for anonymity in such transactions posed no obstacle. That’s the whole idea behind Crossroads GPS.
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unlimited, undisclosed contributions from industrialists, financiers, and other loaded insiders
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To maintain its supporters’ anonymity, a social welfare group like GPS must not have a “primary purpose” of a political nature, and it cannot coordinate strategy with candidates.
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I was really interested by the section of the Conrad reading that dealt with campaign funding. This article details Karl Rove, one of the biggest names in political finance who has masterminded the Republican switch from "hard" (personal donations) to "soft" ("social welfare") funding. Many think of him as the man who kept Bush Jr. afloat for two terms, and now Romney has him in charge of funneling donations from massively wealthy, anonymous Republicans into a "social welfare organization" (to be spent on anti-Obama ads). Groups likes these on either side are part of what Rove refers to as the "unlimited-outside-money boom." While Republicans are not the only guilty party, I find it really disturbing that groups like American Crossroads and Crossroads GPS can be legally separate from the Romney campaign itself. This loophole encourages aggressive ads and a totally out-of-control budget - more than a billion dollars - during the campaigning. The advertising machine developed by the Romney campaign has twice the budget of Obama's: if he can't keep up, how could any less mainstream candidate even hope to? This article makes a really strong case for limiting spending. Rove makes a point about keeping the parties themselves stronger, but it was not enough to sell the idea to me. The grimmest part is the story of one-upping Rove gives: he created Crossroads as a response to Obama's doubling of the Republican budget in the last race, pointing out that this cycle could continue.
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I found this really interesting, especially being in the campaign finance small group for the presentation. The article does a good job describing the confusing nuances of 501s and 527s (superpacs and social welfare groups), but what I found the most interesting was the discussion of Obama's vilification of the Citizens United decision. The decision definitely hurt the Democratic party and gave the Republicans an advantage in the world of campaign finance, and this article seems to accuse Obama of deliberately misrepresenting the decision to make it seem worse than it was.
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The part that stuck out to me in this article was when Rove tried to act as if unions and corporations should have the same rights. Unions represent large groups of people working for companies (i.e. the United Auto Workers). The people in these unions are generally blue-collar, working class people. Corporations on the other hand are all about making money. To me, it seems much more fair for unions to be able to run politically driven ads than corporations, but I'm not sure how that would work legally.