Sunday, December 15, 2013

How are Super PAC's Affected by the Economy?

A Political Super PAC means a Political Action Committee. A Super PAC organization pools campaign contributions from members and donates those funds to campaign for or against candidates, ballot initiatives, or legislation. In the recent 2012 election, the top 100 individual super PAC donors in 2011–2012 made up just 3.7% of contributors but accounted for more than 80% of the total money raised. Super PACs are generally not affected by the economy because they rely solely on a few big donors who are still able to give during a tough economic time. 


Graph Showing Super Pac vs. Canidate Spending


Political Cartoon


“Beneath the still struggling American economy, there is a gold rush going on. An unprecedented $5.8 billion will be spent in this election cycle, $2.5 billion in the presidential election alone,” Avlon said. The election of 2012 is proof that even if the economy is still in recovering the Super PACs remain unaffected. 

Citation:
Keller, John Avlon,Michael. The Daily Beast. Newsweek/Daily Beast, n.d. Web. 15 Dec. 2013. <http://www.thedailybeast.com/articles/2012/09/18/the-super-pac-economy.html>.

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