and there is not much they can do to stop it.
Your weekly newsletter on money in politics.
View this email in your browser ([link removed])
[link removed]
February 20th, 2020
This week in money-in-politics
Super PACs backing Warren and Klobuchar won’t disclose donors until long after Nevada
Ahead of the critical Nevada caucuses Saturday, Sens. Elizabeth Warren (D-Mass.) and Amy Klobuchar (D-Minn.) are being backed by super PACs for the first time. And those groups aren’t required to disclose their donors until long after votes are counted in The Silver State.
Warren, who has railed against super PACs as part of her campaign’s anti-corruption message, will be backed by an ad buy of more than $1 million in Nevada from a brand new group called Persist PAC. Led by progressive political consultants, the super PAC’s first ad champions Warren’s work to take on Wall Street. The unexpected boost comes after Warren’s dismal fourth-place finish in New Hampshire, and after Warren urged her Democratic opponents to “say no to the PACs” on the debate stage.
Read more ([link removed])
Stay informed in 2020. Support transparency and accountability in journalism. ([link removed])
[link removed] Share ([link removed])
[link removed] http%3A%2F%2Feepurl.com%2FgTL6hX Tweet ([link removed] http%3A%2F%2Feepurl.com%2FgTL6hX)
[link removed] Forward to Friend ([link removed])
[link removed]
** Past spending comes back to 2020 Democrats in the form of endorsements
------------------------------------------------------------
Billionaire Mike Bloomberg’s deep pockets and history of political spending seem to have benefited the Democratic presidential candidate as the race tightens. Other candidates such as former Vice President Joe Biden, Sen. Amy Klobuchar (D-Minn.) and Sen. Elizabeth Warren (D-Mass.) are endorsed by Democrats who received money from their leadership PACs.
Read More ([link removed])
[link removed]
** Veterans super PAC spending big to intervene in GOP primaries
------------------------------------------------------------
A super PAC backed by wealthy donors that spent over $10 million supporting veteran candidates in 2018 is now spending heavily in 2020 Republican primaries. Most recently, it spent hundreds of thousands of dollars to target Tuesday’s special election in Wisconsin’s 7th Congressional District and the race for Rep. Mark Meadows’ open seat in North Carolina.
Read More ([link removed])
[link removed]
** Why corporate PACs have an advantage
------------------------------------------------------------
To increase their Washington clout, powerful corporations and trade associations often use affiliated PACs to boost the campaigns of candidates aligned with their financial goals. PACs representing business interests have contributed $179 million to federal candidates and party committees this cycle, accounting for 73 percent of total PAC giving, dwarfing efforts from labor unions and issue-focused groups.
Read More ([link removed])
============================================================
Michael Bloomberg is spending nearly $6 million per day on campaign
Billionaire Michael Bloomberg spent $409 million of his own money on his White House bid through the end of January, shelling out an average of $5.9 million per day since he launched his campaign last November.
Bloomberg obliterated self-funding records just months into his White House bid. His unprecedented presidential run got even more expensive in January as the campaign spent $220 million. That amounts to more than $5,100 per minute and $85 per second.
Flush with virtually unlimited cash, Bloomberg’s campaign is offering unmatched salaries and benefits to hire campaign staffers in almost every state. In January alone, the campaign spent more than $5 million on salaries and $3 million on rent. The former New York City Mayor spent roughly $400 million on television, radio and digital advertisements through mid-February in addition to paying influencers to promote his candidacy on social media.
** Read More ([link removed])
Have a friend you think would like our money-in-politics newsletter?
** Click here to forward this email! ([link removed])
OpenSecrets in the News
See where we've been cited by media outlets around the nation this week:
* ** Bloomberg is spending his billions. Trump's hosting a pricey 2020 fundraiser. But is it legal? (CNN) ([link removed])
President Trump and his allies are raising huge sums for his reelection. And Bloomberg has not ruled out spending $1 billion to defeat Trump, even if he fails to win the nomination.
* ** Which 2020 candidates are Brooklyn residents backing with their bucks? (Brooklyn Daily Eagle) ([link removed])
Using OpenSecrets donor data broken down by zip code, the Brooklyn Daily Eagle was able to see which 2020 Democrats are getting the most from each neighborhood in Brooklyn.
* ** Bernie Sanders: His Policies, His Record & His Donors (San Francisco Public Radio) ([link removed])
KALW continues its look at each of the 2020 Democrats, looking at Sen. Bernie Sanders using OpenSecrets data.
** The Wall Street Journal ([link removed])
** The Washington Post ([link removed])
** NBC ([link removed])
** Fox News ([link removed])
** US News & World Report ([link removed])
** The Hill ([link removed])
** The Washington Times ([link removed])
** The Lima News ([link removed])
** Bangor Daily News ([link removed])
** Arizona Daily Star ([link removed])
** Mother Jones ([link removed])
** The Financial Times ([link removed])
** Deadline ([link removed])
** Kaiser Health News ([link removed])
** See more here ([link removed])
** tryu2.jpg ([link removed])
** count-cah-make-change.png ([link removed])
** Chair-nave.jpg ([link removed])
Copyright © 2020 Center for Responsive Politics, All rights reserved.
You are receiving this email because you opted in at our website, OpenSecrets.org.
Our mailing address is:
Center for Responsive Politics
1300 L Street NW
Suite 200
Washington, District of Columbia xxxxxx
USA
** unsubscribe from this list ([link removed])
** update subscription preferences ([link removed])
