The US alternative media rightly like to point out how the big banks buy their influence in Washington, but they purposely fail to mention another more powerful interest group, with much more influence. For every dollar a lobby group donates, it wants something in return. According to our analyses, the big banks are not the principal contributors who pull strings in Washington. The money trail shows another influential group that have put their wealth and money behind both candidates.
Presidential candidates have always had their political action committees (PACs). These collected money from donors and used it for the campaign. Traditional PACs must abide by strict limits: the money can only be accepted from individual contributors (corporations and labor unions excluded) and its amount is strictly limited.1)Federal Election Commission, Contribution Limits 2013-2014.Super PACs differ from traditional PACs in that they are allowed to collect money in all amounts, from individuals as well as corporations and labor unions on condition that (i) this money will not be given directly to the candidate nor (ii) will the expenditure of the money be consulted with the candidate.2)Sunlight Foundation, 2012-01-31.This has opened up quite new possibilities to the presidential candidates.
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