factoid of the day
Campaign ad spending for the midterm elections amounted to [begin dr. evil voice tag] one billion dollars! [end dr. evil voice tag] The largest single amount--almost three times more than any other group spent on campaign ads--was the US$9 million spent by a group backed by the pharmaceutical industry, mostly supporting Republicans (now see this). However, interest groups, candidates and parties on both sides spent roughly equal amounts (now see this).
As I've said, I remain unconvinced that the McCain-Feingold campaign finance law is the best way to deal with the corrupting influence of money in politics, but it is corrupting, and absolutely needs to be remedied.
(via Blog Left)