Money Talks Louder Than Ever in Midterms

By MICHAEL LUO
NYT

The dominant story line of this year’s midterm elections is increasingly becoming the torrents of money, much of it anonymous, gushing into House and Senate races across the country.

Television spending by outside interest groups has more than doubled what was spent at this point in the 2006 midterms, according to data from the Campaign Media Analysis Group, which tracks political advertising.

And skirmishing between Democrats and Republicans over the spending, which has overwhelmingly favored Republicans, reached a fever pitch this week, with charges and countercharges, calls for investigations and calls to block them. Suddenly, complex campaign finance regulations have been elevated to crucial political talking points.

The explanation for how these interest groups have become such powerful players this year includes not just the Supreme Court’s ruling in January in the Citizens United case that struck down restrictions on corporate spending on elections, but also a constellation of other legal developments since 2007 that have gradually loosened strictures governing campaign financing and the regulation of third-party groups.

(More here.)