Tom Dougherty of Practical Politicking uses financial reports from the Federal Elections Commission to show that a bunch of the top conservative and Tea Party PACs that take in millions of dollars, ostensibly to support candidates, spend very little of that money on those candidates. A telling graph:
And some details:
Tea Party Leadership Fund
Total receipts were $4,862,790 with expenses of $4,054,288 and $650,260 benefiting candidates; that’s 87% on expenses and 13% to candidates. Senate spending has been slight, while markedly almost $300,000 has been spent specifically in opposition to Speaker John Boehner.
Tea Party Patriots
Total receipts were $10,659,371 with expenses of $9,263,753 and $1,027,354 benefiting candidates; that’s 90% on expenses and 10% to candidates. The Mississippi race was conspicuously the largest investment the Tea Party Patriots made, with almost $600,000 spent in opposition to Thad Cochran, and more than $200,000 in support of Chris McDaniel. When pushing out just 10% to candidates, the rationale for dropping more than three-fourths of that trifling amount on a single race calls into question their political savvy, as well as it highlights their poor fiscal management.Madison Project
Total receipts were $3,801,897 with expenses of $3,675,432 and $326,810 benefiting candidates; that’s 91% on expenses and 9% to candidates. Mitch McConnell drew the financial ire of the Madison Project with more than $50,000 spent in opposition to the Minority Leader; McDaniel received the greatest financial support with more than $25,000 in total value; while five other senatorial candidates each got the maximum of $5,000 in cash contributions.
Total receipts were $2,068,666 with expenses of $2,120,019 and $106,000 benefiting candidates; that’s 95% on expenses and 5% to candidates. With just a measly one-hundred grand in candidate support, Sarah Palin’s PAC basically has taken a shotgun approach by doling out $5,000 cash contributions to eight senatorial candidates, and a half dozen house candidates, most of which are notable for their primary losses.
Tea Party Express
Total receipts were $9,501,795 with expenses of $9,447,467 and $381,098 benefiting candidates; that’s 96% on expenses and 4% to candidates. As worthless as the Tea Party Express is in rationing out just a mere 4% to candidates, they too have to have their politicking prowess questioned when more than $200,000 of their total went to Owen Hill, who withdrew in March when Cory Gardner stepped into the race.
There’s a gravy train speeding down the tracks and the grifters are jumping on as fast as they can. The formula is as simple as a Cards Against Humanity card:
Step one: Create a PAC
Step two: Tell terrifying tales (the end of freedom, seizing your guns, ministers being arrested for preaching the Bible, etc) of the impending doom brought on us by the Kenyan Muslim atheist communist terrorist sympathizer in the White house.
Step three: Profit