Thursday, August 25, 2011

Why Do We Even Pretend?

Now, thanks to a lawsuit against the Federal Election Commission, you can have the best of both worlds with what the campaign finance world has already dubbed a "hybrid PAC." If you're stuck with a regular old PAC, it's super easy to upgrade. All you have to do is open a separate bank account.


Most organizations had two components: their traditional PAC and their "super PAC." Now they wouldn't have to set up two separate structures.


"You can't keep these burdensome regulations in place that really serve no purpose here," [Brad] Smith said. "As long as the money is not mixed between the two, that is okay. We see it as a way to knock down some of the bureaucratic rigmarole."


Now when a wealthy individual cuts a check, the first $5,000 can go into the "hard" money account [regular PAC] and the rest can go into the "soft" account [SuperPAC]. Donations from corporations and labor donations would go entirely to the "soft" money account which wouldn't go directly to federal candidates.


Just to advertisements for them.

I am reading the book “Incognito” written by a neuroscientist in which he cites studies that show people tend to associate something with being good if they see it repeatedly.

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