461: Take the Money and Run for Office
Mar 30, 2012
For anyone who has ever heard the term "Washington insider" and felt outside — we are with you. So this week, we go inside the rooms where the deals get made, to the actual moment that the checks change hands — and we ask the people writing and receiving the checks what, exactly, is the money buying?
- Planet Money's Alex Blumberg and NPR Congressional correspondent Andrea Seabrook take a tour through the world of money and politics, discovering just how much time members of congress spend raising money and which committee assignments yield the biggest campaign donations. They also try to figure out what all this money is actually buying. For an interactive map of Washington DC fundraiser locations, charts of the best and worst types of fundraisers, and other online extras, visit Planet Money's website. (27 minutes).
- Everything about political fundraising is changing right now, because of the 2010 Supreme Court decision in Citizens United vs. Federal Election Commission. Since then, "Super PACs" have been able to funnel huge amounts of anonymous money into races. Producer Ben Calhoun shares the example of Ami Bera, whose run for Congress was dramatically affected by money from a Super PAC. (15 minutes).
- Ten years ago, Congress voted to reform campaign finance, after Senators John McCain and Russ Feingold took up the cause. Here they reunite on the radio, to reminisce and lament how that reform failed. Senator Feingold is author of the book While America Sleeps. (7 1/2 minutes).