Can 46 rich dudes buy an election? Apparently not!

12 Nov

Taking advantage of relaxed campaign finance laws, a cadre of deep-pocketed donors are spending gobs of money to bankroll super PACs, a phenomenon that is reshaping the modern election cycle.

It is a select group. The top 100 individual super PAC donors make up just 3.7% of those who have contributed to the new money vehicles, but account for more than 80% of the total money raised, according to data from the Center for Responsive Politics.

And just the top 46 donors have given a total of $67 million, or two-thirds of the $112 million in individual gifts to super PACs this cycle. Membership in this select group requires a $500,000 minimum donation. More…

via Big money super PAC donors promote narrow interests – Mar. 26, 2012.

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