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US election: All that money swilling around

To those outside America seeing all that money being spent on the upcoming presidential election is astounding.    More sinister, though, is the money swilling around in the  background from so-called Super PACs and the influence they seek to exert on the outcome of the election.

"The Super-PAC October Surprise is here with unprecedented negative spending – and an overwhelming advantage for conservative shadow money groups flooding the airwaves against Democratic candidates.

Total non-party outside spending is now estimated by the Center for Responsive Politics to exceed over $1 billion this cycle—twice what the group estimated would be spent as recently as August. And dark money spending from non-disclosing groups has just passed $200 million in this election—more than every other election cycle over the past 20 years combined.

If you think the political ads are uglier than ever before, it’s not your imagination: 88% of the ads airing now from outside groups are negative, and four-fifths of those negative ads are attacks on Democrats. Just three conservative groups—the Karl Rove-founded Crossroads GPS, the Koch Brothers-backed Americans for Prosperity and the U.S. Chamber of Commerce—account for more spending than the next 17 outside groups combined."

 

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