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Money and Campaigns

Money and Campaigns. Wilson 10 C. 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?

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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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