This is the year the billionaires tried to buy democracy, and after November 2, we'll know whether they succeeded. In California, oil companies account for 91 percent of the spending on a campaign to kill that state's new energy law. What's remarkable about that is that we can know it, because the money was raised under regulations that require disclosure of the sources.
Karl Rove's new group, American Crossroads, has been having a wonderful year, meeting its $52 million fundraising goal last week. And who's behind this tide of grassroots enthusiasm? Of the money they're required to file detailed reports about, more than 90 percent comes from three billionaires. The rest of the cash comes through sources that are anonymous. That arrangement "has worked like a charm," and GOP operative tells the New York Times.
Democratic pollster Celinda Lake told us last night that Democrats should keep hammering away on this, because it's a winner for them. "This should be illegal," Lake said. "It should be disclosed and it should be illegal. And this is a great issue for Democrats to end this election because it talks about whose side you're on. It gives an economic message. And it's something that ordinary people can understand."
A cruise through American Crossroads' papers is amazing for the sheer scale of some contributions. A million dollars here, $30,000 there. See for yourself.