Saturday, April 28, 2012

Mittens says one per cent money talks

Mitt Romney - Presumptive Nominee

Mittens is now the presumptive GOP candidate for president.  He is facing an uphill battle and Obama has both a huge cash and electoral advantage.

The Citizens United ruling also took a hit. According to the Huffington Post, A court ruling requires non-disclosing political groups such as  the U.S. Chamber of Commerce and the Koch brothers' Americans for Prosperity  to disclose their donors.  A district court refused to stay its ruling during an appeal.

On March 30, a district court ruled in Van Hollen v. Federal Election Commission (FEC) that a loophole in FEC rules that allowed certain independent group campaign efforts not to disclose names of donors was invalid
In other words, PACs and Super PACs will still be able to provide unlimited funds to political candidates. However, they will have to disclose the names of donors. 

art: DonkeyHotey Anyone can see this photo Attribution Some rights reserved

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