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Money and Campaigns

This analysis explores the intricate dynamics of money in political campaigns, focusing on the source and effects of campaign financing. It discusses federal regulations like the Federal Elections Campaign Act (FECA) and the Bipartisan Campaign Reform Act (BCRA), including the implications of Supreme Court cases such as Citizens United v. FEC. Key themes include the role of interest groups, the influence of TV advertising, the significance of small donors, and how campaign spending translates into electoral success. Ultimately, the text questions whether money is a force for good or ill in political processes.

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Money and Campaigns

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  1. Money and Campaigns Wilson 10 C

  2. Money in Politics • Good or Bad? • Chapter 12 – effects of TV advertising • Chapter 11 – what interest groups get for $ • Chapter 10 – four questions to answer • Where does campaign money come from? • What rules govern how it is raised and spent? • What has been the effect of campaign finance reform? • What does campaign spending buy?

  3. Sources • Presidential primaries = private + public • Federal matching funds • Small donors • Convention costs • Congressional = private • PACs • Parties • Small donors • Fundraisers

  4. Rules • 1971 = FECA • Federal Elections Campaign Act • Amended in ‘73 and ‘74 • Advisory opinions to ‘95 • 2002 = BCRA • Bipartisan Campaign Reform Act • “stand by your ad” • Citizen United v. FEC • No SuperPAClimits

  5. Terms • FEC • SuperPAC • Independent Expenditure • Soft Money • 527 Organization • Pocketbook Voting • Franking Privilege • Incumbent

  6. Effects • Money has little effect • Decided by 20% who are independent of party • State of economy or personal finances • Character ads define candidates • VP nomination • Political reporting • Religion • Abortion • Congressional campaigns • Challengers need name recognition

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