Campaign Finance and the Super Pac
Campaign finance is a touchy subject. The 2010 decision by the Supreme court was a massive failure in my opinion. With the huge amounts of money being given the candidates can’t help but support their causes. Now, this isn’t quite as bad as it sounds, because the reason they are giving is likely that the candidate already supports their cause. That being said, it gives the candidates a conflict of interest. If the facts change they might still feel they have to support it because of all this money. Barack Obama and his Super Pacs have gotten big money from the likes of Michael Bloomberg and George Soros while Mitt Romney and his Super Pacs from Sheldon Adelson and the Koch brothers.
This can’t help but be a problem. That being said, to put it in perspective we will spend more on Halloween candy this year than on the presidential election. I think this makes a good argument for public financing of elections. It’s hard to decide who gets the money then, but if we can do that, a billion or 2 is a tiny drop in the bucket every 4 years compared to our budget. Wouldn’t a fair election not bought and paid for by the super rich and corporations be worth it?
Note that this infographic is out of date from this spring. I think it makes a good point though. Just add a few hundred mil to each of the numbers.