SuperPACs raise $26 million in 2011
August 1st, 2011
04:22 PM ET
3 years ago

SuperPACs raise $26 million in 2011

(CNN) – Twenty-six million dollars was raised by Super PACs in the first half of 2011, 83 percent of which came from five groups, according to filings with the Federal Election Commission.

The five groups that accounted for $22 million of the total were: Restore Our Future, American Crossroads, Priorities USA Action, American Bridge 21st Century and Majority PAC, according to the Sunlight Foundation.

Super PACs, as defined by the foundation, are independent groups allowed to raise unlimited amounts from individuals, labor unions, corporations and other political committees in support of candidates without coordinating with them. The groups played a pivotal role in the 2010 midterm elections raising unprecedented totals used toward campaign efforts.

Restore Our Future, the Super-PAC fundraising in support of Republican presidential candidate Mitt Romney raised $12.23 million and has $12.2 cash-on-hand.

The conservative American Crossroads raised $3.9 million and has $3.3 cash-on-hand. Crossroads was founded by Karl Rove, former political adviser to former President George W. Bush and former Republican National Committee Chairmen Ed Gillespie and Mike Duncan. The group spent $70 million in the 2010 midterm elections backing GOP candidates.

Priorities USA Action, the Democratic group that emerged after the 2010 elections to compete with independent Republican groups raised $3.9 million and has $1.8 cash-on-hand. Two former staff members in President Barack Obama's White House, Bill Burton and Sean Sweeney started the group with Paul Begala, a top political adviser to former President Bill Clinton and a CNN contributor.

The Democratic American Bridge 21st Century, aimed at electing Democrats to the Senate raised $1.5 million in the first half of the year and has $895,644 cash-on-hand.

Majority PAC, a third-party group established to support Democratic senators, raised over $1 million in the last six months and has over $1 million cash-on-hand.

soundoff (21 Responses)
  1. Chris989

    And no mention of the Colbert Super Pac!?!?!?!?

    August 1, 2011 04:26 pm at 4:26 pm |
  2. ConservaFASCISTS/Dutch, Bad Newz, VA

    SuperPacs = Death to Democrcy

    August 1, 2011 04:37 pm at 4:37 pm |
  3. GI Joe

    Could you spare a dime for a cup of coffee?

    August 1, 2011 04:39 pm at 4:39 pm |
  4. Sandra, Atl

    Thank the Supreme Court for this mess. We have the best Congress that special interest money could buy!

    August 1, 2011 04:39 pm at 4:39 pm |
  5. John Nemesh

    How is the Colbert SuperPac doing?

    August 1, 2011 04:41 pm at 4:41 pm |
  6. GI Joe

    ConservaFASCISTS/Dutch, Bad Newz, VA

    SuperPacs = Death to Democrcy
    ----------------
    Don't forget our Supreme Court

    August 1, 2011 04:42 pm at 4:42 pm |
  7. GI Joe

    Our Congress gets paid for doing this to our Country??

    August 1, 2011 04:44 pm at 4:44 pm |
  8. RJWTimes Bradford England

    This is good news from a good blog.

    August 1, 2011 04:44 pm at 4:44 pm |
  9. GI Joe

    When we become homeless, we should all go to DC and sit on the steps of the Supreme Court with tin cups - never mind, they come and go thru the back door (just like some of the money they're paid).

    August 1, 2011 04:45 pm at 4:45 pm |
  10. The Day of Financial Reckoning is HERE - The Great Democrat Welfare Society Ends

    3 out of 5 listed are DEMOCRAT organizations. What's with all the whining libtards??!! You fools just love to complain about others doing exactly what you have been doing for years. Now Conservative will be doing the same thing! Get used to it whiners.

    August 1, 2011 04:46 pm at 4:46 pm |
  11. ja

    aka, kkk , kkk hid under cloaks years ago, we fancy up a name and give mess a pass

    August 1, 2011 04:47 pm at 4:47 pm |
  12. Rick McDaniel

    There is going to be a tremendous amount of money spent on the next election.......almost entirely funded by special interests.......to persuade the voters, that if they don't vote a certain way, disaster will happen.

    Truth is, voting for either of them, is a disaster. The real issue, is which disaster is the biggest one. Based on the current national debt level, I think it is clear who is the spendthrift, before we even know who the opposition will be. The Dems really should have, mounted their own challenger, to Obama.

    However, the Dem's (aka the "Welfare Party"), obviously have no ability to manage money.

    August 1, 2011 04:49 pm at 4:49 pm |
  13. The Greedy Old Pigs have declared class war on US!

    This is how the GOBPbaggers and their cult leaders intend to protect themselves from the Americans they've screwed. Their gonna buy elections and they're gonna rig electronic voting machines. They will do anything to avoid sharing in the sacrifices the rest of us have made. We need constitutional amendments to (a) ban corporate "personhood", (b) to restrict campaign funding or, even better, (c) mandate publicly funded elections.

    August 1, 2011 04:52 pm at 4:52 pm |
  14. Malty

    It's sad that money has become so key to electing a president. Obama bought the last election. Hopefully, voters will use their brains more than they did in 2008. Mitt Romney is the most qualified person for president. No candidate is perfect, but even with his imperfections, he's better than the current guy that we have in the White House.

    August 1, 2011 04:53 pm at 4:53 pm |
  15. Larry L

    We now see the result of political moves by the right-wing factions on the Supreme Court. They handed over democracy to the huge interest groups and destroyed the impact from individual contributions. The Supreme Court is just another group of slimy lawyers, members of the good old boy club and lackeys for the rich.

    August 1, 2011 05:17 pm at 5:17 pm |
  16. The Greedy Old Pigs have declared class war on US!

    Rick, it's pretty funny you refer to the Dems as the "welfare" party when the Greedy Old Pigs have been doling out entitlements to the corporate welfare queens for the last 30 years. What sacrifices are you asking them to make? Or are you just another corrupt corporatist cult teatard without a shred of empathy for those making sacrifices while the ultrarich sacrifice nothing?

    August 1, 2011 05:25 pm at 5:25 pm |
  17. Bass

    "This is how the GOBPbaggers and their cult leaders intend to protect themselves from the Americans they've screwed. Their gonna buy elections and they're gonna rig electronic voting machines. "

    I guess thats kind of like the Billion the Narcissist and Chief raised to win the Presidency. Boy tthat was money well spent–aren't we doing grand. What a leader!!! Skyrocketing unemployment, raised our debt by 40% and still rising. But let me tell you this Mr. Class Warfare is not going to be able to do anything for the states that are about to be really sucking wind because they can't print money. We'll see who gets that last laugh and I have no sympathy.

    August 1, 2011 05:27 pm at 5:27 pm |
  18. GI Joe

    I see the same paid republican Shills are showing up early this election cycle.

    How've you been Bass? How about you Rick McDaniel? Getting those regular superpac checks again?

    August 1, 2011 05:51 pm at 5:51 pm |
  19. Randy, San Francisco

    Disregard the talk from both parties about grass roots politics and the "little guy". It is all about money and money is the milk of politics.

    August 1, 2011 06:02 pm at 6:02 pm |
  20. Anonymous

    Bass, you apparently lack the intellectual capacity to distinguish between donations from identified individuals and donations from faceless billionaires and corporations working hard to prevent us from knowing their names. Do you understand the difference between the two?

    And stop lying about the debt. Putting Bush's wars on the books was the responsible thing to do. President Obama, however, is not responsible for that portion of the debt. If you want a real eye-opener (which I doubt you do) search for the CPBB (CBPP?) graph on who is responsible for the debt. The vast majority was caused by the Greedy Old Pigs. President Obama's portion, by comparison, is miniscule. Get a clue or get outta here.

    August 1, 2011 06:12 pm at 6:12 pm |
  21. Mike kerns

    Here we go again with corporate America buying and perverting our election in 2012!

    August 1, 2011 07:13 pm at 7:13 pm |