All of the money given by small donors in the 2012 presidential race was matched by only 32 billionaires and corporations, according to a report released Thursday by MoPIRG, the Missouri Public Interest and Research Group.
It was the first major election since the Supreme Court’s controversial Citizens United decision that allowed an unlimited amount of money to be spent by so-called Super PACs, often without disclosing where the money is coming from.
It’s estimated that TV stations’ political ad revenues were around $2.6 billion last year – a 68 percent increase from just 4 years ago.
This was the first big election since the Supreme Court’s Citizens United ruling in 2010 that declared corporations to be people and money to be speech. The ruling made 2012 a good year for TV stations that get paid to air political ads.
In spite of repeated assurances that they wouldn't support Congressman Todd Akin's senate bid after his damning comments regarding "legitimate rape," the National Republican Senatorial Committee funneled $756,000 into Akin's campaign during the days before the election.