Secret Donors Multiply in U.S. Election Spending

Secret Donors Multiply in U.S. Election Spending

By J. Crewdson, A. Fitzgerald, J. Salant and C. Babcock
Bloomberg
May 19, 2011 6:01 AM ET

In the weeks before last November’s election, television viewers in South Carolina were treated to an animated caricature of Representative John Spratt high- kicking in a chorus line with President Barack Obama and then- House Speaker Nancy Pelosi.

“It’s the worst economy in decades,” the ad intoned, “and the folks in Washington are living it up, spending our tax dollars like there’s no tomorrow.”

That ad and a second one mocking Spratt appeared at least 723 times between Sept. 25 and Election Day and were paid for by a group called the Commission on Hope, Growth and Opportunity, according to ad trackers at Campaign Media Analysis Group, a unit of WPP Plc. Spratt, a 14-term Democrat, saw a seven-point lead in an early poll vanish and lost the election.

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As a result, voters may find themselves choosing the next U.S. president knowing less about those trying to shape their views of the candidates than they have since secret money helped finance the Watergate burglary and re-elect President Richard Nixon in 1972. Watergate led to his resignation and ushered in the law that created the FEC. Investigators found more than $20 million had been given behind the scenes to Nixon’s campaign.

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http://www.bloomberg.com/news/2011-05-19/secret-donors-multiply-in-u-s-with-finances-dwarfing-watergate.html