Thursday, February 18, 2010

OpenSecrets | A Letter to Nancy Pelosi, DCCC Feuds with Parker Griffith and More in Capital Eye Opener: February 18 - Capital Eye

OpenSecrets | A Letter to Nancy Pelosi, DCCC Feuds with Parker Griffith and More in Capital Eye Opener: February 18 - Capital Eye: "DEAR NANCY: Several top political donors have written an open letter to Speaker of the House Nancy Pelosi (D-Calif.) in support of legislation that will curb the effects of the Supreme Court decision in the Citizens United v. Federal Election Commission case. In the wake of the Court's ruling last month, predictions abound about the likelihood of unprecedented amounts of campaign spending in future elections, and that possibility troubles a group of wealthy Americans who are often counted on to supply federal campaign cash. According to a New York Times article, the campaign financiers are concerned that the increased pressure to fund-raise will cause candidates to focus on making phone calls to finance their campaigns instead of doing their job of representing their constituents in Congress. The signers have first-hand experience regarding the fund-raising pressures that the congressmen face; they are the recipients of numerous phone calls soliciting campaign funds. In the letter, almost 60 big-time donors ask for Pelosi's help in passing the Fair Elections Now Act, which would reform the campaign finance system to rely on smaller donations and public funds to run campaigns."

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