Political ads flood Washington airwaves, costing big bucks so candidates and initiatives can compete with each other.
California governor hopeful Meg Whitman has spent an astonishing $140 million.
The amount of money spent on campaigns is just plain scary.
The U.S. Chamber of Commerce has spent $10 million in one week on ads to defeat candidates across the country, with plans to spend $75 million total by the general election. The chamber is suspected of funneling international money into the ads, allowing foreign governments to influence our elections.
Last January, the U.S. Supreme Court’s Citizens United decision opened the floodgates for unbridled corporate spending on elections. The FEC figures indicate that the percentage of groups disclosing names of donors for election ads has dropped precipitously.
The funds necessary for political campaigns are obscene. Further, while money talks, we can no longer be sure who is speaking.
All of us should be concerned about campaign finance costs and who funds political advertising. To maintain a government of the people, by the people, for the people, we desperately need campaign financing reform and transparency of funding.