Clips Round-up for 11/19/12
WaPo: Trevor Potter: How the FEC can stop the tidal wave of secret political cash
In the Washington Post, Potter, a former FEC commissioner and current lawyer for Stephen Colbert, argues that the worst of the campaign finance system’s excesses can be curbed by more effective enforcement from the FEC. Potter urges President Obama to break with tradition to nominate a new panel of effective commissioners.
Congress/2012
Politico: 5 money takeaways from 2012
Tarini Parti and Dave Levinthal present five key takeaways of money in politics after the 2012 election, from “Spending early matters” to “Corporations are testing out bold methods of political spending.”
Sunlight Foundation: After election, dozens of super PACs shut down
The Sunlight Foundation found that over 100 super PACs have shut down, although few with the fanfare of Stephen Colbert’s Americans for a Better Tomorrow, Tomorrow, Inc, which secretly routed its remaining money through a series of nonprofit 501(c)4 organizations—all on TV, of course.
LA Times: Former Romney supporters leading immigration reform 'super PAC'
More on the super PAC aiming to give cover to Republicans breaking with the party’s current hard line against immigration.
Politico: Merriam-Webster adding “Super PAC” to dictionary
Representatives from the Merriam-Webster dictionary announced that “super PAC” will join “cloud computing” and “f-bomb” as new entries in its next edition. A congratulations is in order for Eliza Newlin Carney, the Roll Call reporter who originally coined the term.
Palm Beach Post: Murphy declares victory when St. Lucie board misses noon deadline; West considers challenge
The St. Lucie County Canvassing Board missed a dead deadline, thus “Under Florida law, the certified unofficial results submitted a week ago Sunday stand when the certified results do not arrive on time. Those results have Murphy, a Democrat, winning by 0.58 percent.”
Other/States
The Hill: Banks push to keep bailout-era lifeline
A reminder that the financial sector is the biggest source of campaign money to Congress, which is set to decide whether to renew the Transaction Account Guarantee program.
NYT Opinion: Beware the Smart Campaign
Zeynep Tufekciz on where some of that record-setting money increasingly is going: “Noxious TV ads and slick mailers are like machetes compared with the scalpels of social-science-based big-data.”