Public Radio International
Here we are in the middle of a deep recession that’s getting deeper by the day, with austerity the unofficial slogan du jour while Republicans scheme up new ways to trim, cut and decimate government spending, and parties are spending billions on political horse races.
They decry government spending but they don’t talk much about their own spending, do they?
And neither do the Democrats who are also backing an orgy of spending cuts if only to show their opponents how “responsible” they are.
As both parties slash spending that benefits people, they are in a manic overdrive effort to raise more for themselves and their campaigns.
Spending by outside groups was about 4 times higher in 2010 than it was in 2006. Much of that can be attributed to new, looser campaign laws.
Levinthal explains that "the laws changed in a way that effectively allowed these outside groups to raise and spend unlimited sums of money to say whatever they want, to do it whenever they wanted to, and they could do it in as strong a term as they wanted to."
These developments get scant media attention for one good reason: the media is a prime beneficiary of a political system dominated by big money.
Much of these billions are raised for political advertising. The networks get it. No wonder, they are out to sell more than tell.
Listen to the editor of CableFAX, an industry publication that is planning a Webinar to help TV executives “monetize” (i.e., make more money from) the 2012 elections and its vast “political spend.”
Here’s editor Amy Maclean pitching her media readers in high places: