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View Diary: GOP Super Pacs Funded by Overseas Donors? (13 comments)

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  •  McCain Feingold prevents foreign contributions (0+ / 0-)

    wiki McCain Feingold

    The proliferation of issue advocacy ads, by defining as "electioneering communications" broadcast ads that name a federal candidate within 30 days of a primary or caucus or 60 days of a general election, and prohibiting any such ad paid for by a corporation (including non-profit issue organizations such as Right to Life or the Environmental Defense Fund) or paid for by an unincorporated entity using any corporate or union general treasury funds. The decision in Citizens United v. Federal Election Commission overturns this provision, but not the ban on foreign corporations or foreign nationals in decisions regarding political spending.[2]

    i just baptized andrew breitbart into the church of islam, planned parenthood, the girl scouts and three teachers unions. - @blainecapatch

    by bobinson on Mon Jul 23, 2012 at 12:36:30 AM PDT

    •  So, what if they privately gave the money (0+ / 0-)

      To someone that could donate? How would we know it wasn't laundered money?

      Stephen Colbert talked about that on his show. We really don't know.

      Women create the entire labor force.

      by splashy on Mon Jul 23, 2012 at 02:21:33 AM PDT

      [ Parent ]

    •  You've missed the loophole... (1+ / 0-)
      Recommended by:
      Catte Nappe

      that the entire structure of anonymous donation rests on: the 501(c)(4) gambit. I've been writing about these since well before Citizens United (this is not a new problem, just one made worse by CU) and it's an angle most people are only now grasping.

      501(c)(4) public welfare organizations do not have any restrictions on receiving foreign funds of any kind and can keep their donors completely anonymous. All the major GOP SuperPACs have one of these entities attached. It would be entirely possible, and probably even legal, for them to funnel the cash they received from overseas to their associated SuperPAC for "issue advocacy" or some other apparent purpose that fits their own legal requirements. What the SuperPAC then does with the cash is entirely up to them, so everyone's legal posterior is covered and McCain/Feingold is stomped into the mud one more time.

      To defend the diarist, s/he is pointing out the possible path to foreign funds in our elections this cycle, not making specific allegtions. If it were about specifics, then "put up or shut up" would be appropriate, but his idea is certainly correct as a general possibility. Given that if something is both possible and profitable in politics then it's virtually certain to occur, it's a good bet that even if no one has done this yet, someone will before this election is over. We just need to understand how so that when and if this is used, we'll be ready to pounce on the evidence and show it to the world.

      Strategy without tactics is the slowest route to victory, tactics without strategy is the noise before defeat. Sun Tzu The Art of War

      by Stwriley on Mon Jul 23, 2012 at 05:55:43 AM PDT

      [ Parent ]

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