The Chronicles of Money, Politics, and How Wall Street Celebrates an Anniversary Every Day of the Year

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Here's a round-up of Public Campaign and Public Campaign Action Fund's work for the week of July 18-July 22, 2011.

  • "Can't buy me love?" Well, maybe not love, but News Corp. might just be trying to buy their way out of congressional hearings. From yesterday, Public Campaign Action Fund's David Donnelly quoted in the Washington Post discussing News Corp.'s PAC (News America) and their 2nd quarter contributions to members of Congress.
  • Quid pro whoa! When Big Oil money talks, Congress listens. Public Campaign Action Fund (PCAF) issued a press release detailing how in the first six months of 2011 defenders of Big Oil raked in plenty of campaign cash from the nation’s most profitable oil companies, even while they voted to protect taxpayer handouts to those same companies.
  • "Stop doing your job, and get to work!" PCAF offered this take on an Open Secrets story on how some freshman GOP lawmakers have lagged in fundraising since being elected. It seems that some members of Congress haven't yet realized the priority on Capitol Hill is fundraising for the next election, not actual legislating. Come on, guys, get with the program!
  • They say that the one year anniversary gift should involve paper. If that's the case, then Wall Street has been celebrating all year by doling out the greenbacks to Congress, and lobbying harder than ever. Public Campaign put together a comprehensive recap of our work exposing how in the year since the Dodd-Frank financial reform law passed Wall Street is still heavily influencing Congress with campaign contributions and intense lobbying.
  • When you're in a hole, you're supposed to stop digging. Unless you're News Corp. Then you just dig into your PAC funds and fill up the campaign coffers of members of Congress, perhaps in hopes of avoiding an investigation. PCAF issued a press release on Wednesday calling on members of Congress who recieved News Corp. PAC money to stand up to the campaign cash and join the call for congressional investigations.
  • Republican presidential candidate, Mitt Romney, appealed to his "base" this week...with a who's who of big money players at a lobbyist-hosted fundraiser. PCAF did a little digging and offered a detailed analysis of the lobbyists and special interests who hosted the presidential hopeful.
  • Death, taxes, and Big Money Mitch. It wouldn't be a weekly recap of money-in-politics stories without good ol' Senate Minority Leader Mitch McConnell (R-Ky.). PCAF offered this blog post on how Big Money Mitch, despite the heated debate on the debt ceiling and reducing spending, continues to fundraise from tax dodgers and big recipients of government funds.

Be sure to keep up with all the latest news on money-in-politics. Here's a link to our daily clips.