Tag Archives: ghost corporations

Federal Elections Commission dysfunctional and not doing its job

The Federal Elections Commission is clearly dysfunctional and not able to do its job. It is helping to foster public cynicism and disgust with the current political process. Comprised of two Republicans and two Democrats it is gridlocked in partisan politics and seems like a deer caught in the headlights – unable to move or respond. It’s decisions are repeated tie votes or no action.

One of the recent glaring examples is their continued non response to what are called “ghost corporations” funneling money into political campaigns and skirting public disclosure of donors and public accountability. The Washington Post in several recent articles has focused light on the issue arising out of the 2011 US Supreme Court corporate “Citizens United” decision which opened the floodgates on money in elections.

A March 11, 2016 Washington Post article entitled “How ‘ghost corporations’ are funding the 2016 election” by Matea Gold and Anu Narayanswany  outlines the situation:

“The 2016 campaign has already seen the highest rate of corporate donations since the Supreme Court unleashed such spending with its 2010 Citizens United v. FEC decision.
One out of every eight dollars collected by super PACs this election cycle have come from corporate coffers, including millions flowing from opaque and hard-to-trace entities, according to a Washington Post analysis of federal campaign finance filings.
So far, 680 companies have given at least $10,000 to a super PAC this cycle, together contributing nearly $68 million through Jan. 31, The Post found. Their donations made up 12 percent of the $549 million raised by such groups, which can accept unlimited donations.

The main problem is that many of these PAC donations are untraceable and allow donors to be anonymous while making multi-million dollar donations. The ghost corporations in question making the donations  only list a corporate name and an agent, leaving the public with no idea who is trying to influence the election.

This is a reason why the US Supreme Court’s corporate Citizens United decision needs to be overturned. Sixteen states so far have urged Congress to amend the US Constitution to say that money is not free speech, corporations do not have the sames rights as people and all campaign money must be regulated and disclosed.

Washington State this November is voting on Initiative 735 to become the 17th state to urge Congress to amend the US Constitution to overturn the corporate Citizens United and othed decisions which have opened the anonymous floodgate of corporate and other dark money in elections.