September 19, 2024
The Super Obvious Ways to Get Around Campaign Finance Laws
 #Finance

The Super Obvious Ways to Get Around Campaign Finance Laws #Finance


Forbidden love: an iconic love, up there with unrequited, unconditional, and Courtney. And today, we’re talking about one of the most forbidden loves: the love between an American political candidate and their super PAC. Prohibited by law to even speak to each other, they rendezvous in

the shadows—wait, no. That’s not right. They rendezvous extremely in public, which is totally illegal yet totally allowed, because in federal elections, as in life, true love finds a way… and that way is through offensively brazen loopholing. And where there’s offensively brazen loopholing,

there’s HAI. The first thing you need to know is that there are limits on how much money campaigns, traditional PACs, individuals, and party committees can give each other. The caps force candidates to earn popular support to fund their campaigns—so in theory, one mega-rich jabroni with

terrible taste in senators can’t just prop someone up single handedly… unless he’s got a super PAC. Super PACs, by their mere existence, are what I’m gonna call “level-one sneaky:” they’re a loophole in campaign color: #1a73e8; text-decoration: none;">Finance law that lets in bigger donations. See, in 2010, the Supreme Court ruled that political groups can collect and spend as much money as they want from whoever they want, as long as they’re doing “independent expenditure,” i.e. not

directly collaborating with campaigns. In the 2022 midterm elections, super PACs spent 1.3 billion dollars, outspending every candidate and political party because it’s so easy for them to do it. Basically, if I’m running for president, my campaign—Sam 4 Prez—is subject to all these limits.

But the super PAC supporting me—Half As President—isn’t, as long as they’re not in cahoots with the campaign. But here’s the thing: we at Sam 4 Prez really want to be in cahoots. We want HAP to spend their infinite money in a way strategically aligned with us, and we want to help them

raise more. So now, it’s time to get level-two sneaky. Super PACs want donors to know that supporting them supports their candidate, but they can’t have the candidates’ name in their name; hence why Joe Biden’s was called “Unite the Country” instead of “Joe Money, Joe Problems.” But

Carly Fiorina’s in 2016 was called “CARLY for America” because, they insisted, “CARLY” stood for “Conservative, Authentic, Responsive Leadership for You.” But what did “America” stand for? As a presidential candidate, I cannot solicit donations for Half As President. But I can

appear at their fundraisers as a “special guest,” only suggest people donate up to $3,300, and get outta there before the money moves. I can’t work with HAP on ad buys, but we can both hire the same political consulting firm to produce our totally separate ads, as long as that firm

pinky-promises the Federal Election Commission that there’s a firewall between us. What does that mean? Legally, nothing. As long as the consultant says there’s a firewall, as far as the FEC is concerned, there’s a firewall. Here’s how blatantly shared vendors coordinate campaign and super

PAC activities: in 2016, the Trump campaign and the NRA’s super PAC each hired one of the Slaters Lane media strategy firms—so named because these quote-unquote distinct firms are all located on the same street and are definitely one thing. The Trump campaign placed 52 ad spots targeting adults

aged 35-64 in Virginia. That same week, the NRA super PAC bought 33 ads on the same station, the same week, targeting the same demographics, with the same messaging. Somehow, that’s “independent expenditure.” But here’s my favorite loophole: The FEC forbids any private communication between

campaigns and super PACs. Did you hear it? PRIVATE communication. That’s right: political campaigns and super PACs can collude… as long as they do it in public. And they’ve got some bold methods. Like, obviously, you can’t film an ad for your super PAC… but if you randomly post a bunch of

b-roll of you “getting stuff done,” and your super PAC happens to use it for ads, that’s their business! That’s why Ted Cruz posted a full 15 hours of himself wandering around, and also why I made Jet Lag: the Game: footage for the super PAC. There’s also a trick called “red boxing,”

where, in peak campaign season, candidates hide totally unsubtle messages to super PACs on obscure corners of their websites. For example, Sam 4 Prez would have a red box saying something like “Voters age 18-24 need to hear that Sam is a total legend with a pristine track record on transit

policy,” which the folks at HAP would turn into a bunch of radio ads saying exactly that—train pun included. And these instructions aren’t just on candidate’s websites, the major party committees each run their own sites that give thinly veiled instructions on what messaging to use for each

candidate. These are—legally speaking—”publicly available internet materials,” so it’s allowed. Like, if you tweet your strategy and a super PAC happens to read it, that’s just a happy coincidence! And when I say tweet your strategy, I mean it literally. An advisor to the Buttigieg

campaign tweeted this during the 2020 race, and within a week, a PAC ran an ad in Nevada following his instructions. The FEC let it slide. In 2014, two follower-less Twitter accounts started tweeting seemingly nonsensical strings like this, and when CNN found them and reached out to the Republican

party with questions, the accounts were deleted within three minutes. Why? Because most likely, these tweets contained data from polls super PACs had conducted, and this was a public, coded way to let campaigns see the results. They’re not actually that nonsensical. The letters at the front are

state postal codes, the last number is reliably an existing congressional district in that state, that looks like a date—presumably the date of the poll—and the other numbers look like polling results. That’s as far as I got, but better nerds than me looked across the tweets and figured out

the code, which is this. Say it with me: publicly available internet materials. So, yes, political campaigns and super PACs are forbidden from communicating. But not in the Romeo-and-Juliet way where there are consequences. It’s more in the Charles-and-Camilla way where they do whatever they want

and then run a country. Wait, hold on, what’s this? “HAI viewers who want to support independent creators and get access to tons of original content should know about this CashNews.co’s sponsor: Nebula?” Well, if the red box says so… hi, HAI viewers! Are you sick of ads? Do you want early

access to content from your favorite creators? Do you want exclusive CashNews.cos that will never be on YouTube? Well, a little birdie told me that you should know about Nebula. Nebula is a platform I started with a few of my closest political allies, home to an unbelievable array of top-quality

content made by the creators you know and love, but with a bigger budgets—seriously, if you enjoy the stuff all these creators make on a YouTube budget, just imagine how good the stuff they can make with more is. Stuff like RealLifeLore’s series Modern Conflicts—breaking down today’s

RealLifeWars—and all the fun and borderline nonsensical things I’ve made, and all their classes: like Sarah Feldman’s on producing a pop song, Tony Santos’ on CashNews.co editing, and BrightTrip’s on ocean safety. It’s seriously an amazing content library, all without ads, without

algorithms, and designed with an economic model that enables creators to make more of their best work sustainably. There’s a reason over 600,000 people have signed up so far, and if you want to join them, when you sign up using the link in the description right now you can get $20 off a yearly

subscription, meaning you pay just $2.50 a month for everything Nebula has to offer. It’s a great deal for you and a great deal for us, since we get a cut of your fee for as long as you’re subscribed.

Now that you’re fully informed, watch this amazing video on The Super Obvious Ways to Get Around Campaign Finance Laws.
With over 460613 views, this video is a must-watch for anyone interested in Finance.

CashNews, your go-to portal for financial news and insights.

#Super #Obvious #Campaign #Laws

27 thoughts on “The Super Obvious Ways to Get Around Campaign Finance Laws #Finance

  1. 1:03 This was the start of the SCOTUS deciding hiding its corruption was unnecessary and it'd rather just advertise that the supposed nine most honorable, ethical, and impartial jurors in the highest house of the law were really just prostitutes with fewer scruples.

    Can't wait for the "SCOTUS is abolished" amendment coming in 17776

  2. I wrote a paper on this a while back. Another thing he doesn't mention, if I remember correctly, is that if you are a shareholder of a company that gives money to a super PAC, that company does not need to disclose that. Nor to the rest of the public, giving big corporations an easy way to control politics in their favor, rather than ours.

  3. Honestly, it sucks but it kind of makes sense. You could theoretically be asking "hey, can someone with deep pockets get my message out there for nothing in return?" and, on the face of it, there's nothing wrong with it. The fact that it's a BUSINESS MODEL though and borderline money-laundering is the issue.

  4. Interesting how you only showed right wing examples when everyone does it. I wonder why Hunter Bidens finger paintings are going for $50k a piece and I'm sure that money isn't going to the Biden crime syndicate… I mean administration.

  5. It's absolutely absurd that Campaign Finance is such a critical issue in the States. It's a testament to the fact that Americans will believe whatever is fed to them in glorious technicolour rather than simply READING a little and using some critical thinking skills to decide which representatives or party best represents the values they aspire to.
    Just like gun violence, THIS is a uniquely American problem. In Western Europe we don't spend anywhere near the obscene amounts on campaign financing as our American cousins. Imagine how much better all that money could be used to actually do something useful for the Nation? Shameful… and childish. It points to a population that cannot think for itself and an electoral system where a candidate with more cash is more likely to win simply because they will be able to tell YOU what to think more easily. And YOU won't be smart enough to distinguish between Advertising and Reality.
    This is what happens to a population that likes banning books instead of reading them.
    YeeeHaaa UnterMagAmerica!

  6. It's cringy when some channel like yours uses Biden as the target for a political corruption joke because it makes it abundantly clear that you're a supporter of the Republikaren party

    You know the party who still half have 🇷🇺Donald as their leader, have forced abortion laws in their states, are morally reprehensible and corrupt beyond any democrat or independent, are trying to bring back child labor in some states and are blackmailing Biden by holding the debt ceiling hostage?

    I mean what kind of person would take aim at Biden when 🇷🇺Donald Trump is another option? I can only assume it's bias due to a personal fondness of the latter

Leave a Reply

Your email address will not be published. Required fields are marked *