Stick a fork in the geographical center of the United States - two miles outside of Lebanon, KS because the US is done!
72 super PACs spent $83.7 million on election, financial disclosure reports show
By T.W. Farnam
Washington Post Staff Writer
Friday, December 3, 2010; 10:22 PM
The newly created independent political groups known as super PACs, which raised and spent millions of dollars on last month's elections, drew much of their funding from private-equity partners and others in the financial industry, according to new financial disclosure reports.
This Story
The 72 super PACs, all formed this year, together spent $83.7 million on the election. The figures provide the best indication yet of the impact of recent Supreme Court decisions that opened the door for wealthy individuals and corporations to give unlimited contributions.
The financial disclosure reports also underscore the extent to which the flow of corporate money will be tied to political goals. Private-equity partners and hedge fund managers, for example, have a substantial stake in several issues before Congress, primarily the taxes they pay on their earnings.
"Super PACs provide a means for the super wealthy to have even more influence and an even greater voice in the political process," said Meredith McGehee, a lobbyist for the Campaign Legal Center, which advocates for tighter regulation of money in politics.
American Crossroads, a conservative super PAC that outspent its peers, pulled in six- and seven-figure donations from the financial industry. That included $500,000 from Anne Dias-Griffin, founder of the Aragon Global Management hedge fund, and her husband, Kenneth Griffin, founder of the Citadel Investment Group hedge fund.
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Crossroads, which was founded with the support of Bush administration adviser Karl Rove, raised $70 million, much of it used to support 10 Republican Senate candidates and 30 Republican House candidates.
John Childs, founder of Boston-based J.W. Childs Associates, gave $650,000 to the Club for Growth, an anti-tax group. Dalea Partners, a private-equity firm based in Oklahoma City, gave $250,000 to the First Amendment Alliance, which spent money opposing five Democratic Senate candidates, including incumbents Harry M. Reid (Nev.) and Michael Bennet (Colo.).
http://www.washingtonpost.com/wp-dyn/con...id=topnews
The Geographic Center of the US
![[Image: 08geographiccenter3.JPG]](https://images.weserv.nl/?url=www.kansastravel.org%2F08geographiccenter3.JPG)
72 super PACs spent $83.7 million on election, financial disclosure reports show
By T.W. Farnam
Washington Post Staff Writer
Friday, December 3, 2010; 10:22 PM
The newly created independent political groups known as super PACs, which raised and spent millions of dollars on last month's elections, drew much of their funding from private-equity partners and others in the financial industry, according to new financial disclosure reports.
This Story
The 72 super PACs, all formed this year, together spent $83.7 million on the election. The figures provide the best indication yet of the impact of recent Supreme Court decisions that opened the door for wealthy individuals and corporations to give unlimited contributions.
The financial disclosure reports also underscore the extent to which the flow of corporate money will be tied to political goals. Private-equity partners and hedge fund managers, for example, have a substantial stake in several issues before Congress, primarily the taxes they pay on their earnings.
"Super PACs provide a means for the super wealthy to have even more influence and an even greater voice in the political process," said Meredith McGehee, a lobbyist for the Campaign Legal Center, which advocates for tighter regulation of money in politics.
American Crossroads, a conservative super PAC that outspent its peers, pulled in six- and seven-figure donations from the financial industry. That included $500,000 from Anne Dias-Griffin, founder of the Aragon Global Management hedge fund, and her husband, Kenneth Griffin, founder of the Citadel Investment Group hedge fund.
ad_icon
Crossroads, which was founded with the support of Bush administration adviser Karl Rove, raised $70 million, much of it used to support 10 Republican Senate candidates and 30 Republican House candidates.
John Childs, founder of Boston-based J.W. Childs Associates, gave $650,000 to the Club for Growth, an anti-tax group. Dalea Partners, a private-equity firm based in Oklahoma City, gave $250,000 to the First Amendment Alliance, which spent money opposing five Democratic Senate candidates, including incumbents Harry M. Reid (Nev.) and Michael Bennet (Colo.).
http://www.washingtonpost.com/wp-dyn/con...id=topnews
The Geographic Center of the US
The world is a dangerous place to live - not because of the people who are evil but because of the people who don't do anything about it.
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- Albert Einstein
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