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  • 31
    Jan
    2012
    8:45am, EST

    Colbert Super PAC raises $1 million; non-satirical PACs to follow

    Comedian Stephen Colbert sat down with Rock Center Special Correspondent Ted Koppel to talk about the influence of Super PACs in this year's election.  While joking with Koppel, Colbert also got serious, telling the backstory of how he formed his Super PAC. 

    By Bill Dedman
    Investigative Reporter, NBC News

    Tuesday is the day for the so-called Super PACS to file an annual report of donors. NBC News and msnbc.com will be scouring the filings, and posting details. We'll have updates on msnbc.com, and could always use your help identifying the economic and political interests behind the names.

    TV political satirist Stephen Colbert kicked off the reporting by filing a statement showing $1 million in contributions to his group, Americans for A Better Tomorrow, Tomorrow. You can see his announcement and filing here.

    "'Yeah! How you like me now, F.E.C?" Colbert told the Federal Election Commission in a cover letter. "I'm rolling seven digits deep! I got 99 problems but a non-connected independent-expenditure only committee ain't one!''


    "We raised it on my show," Colbert told his fans, "and used it to materially influence the elections -- in full accordance with the law. It's the way our founding fathers would have wanted it, if they had founded corporations instead of just a country."

    Colbert had fun on his show Monday night with some of the bogus names of donors listed on his report: Pat Magroin, Ibin Yerkinoff, and Frumunda Mabalz.

    The political action committees must disclose by midnight tonight who gave them money, and how much they spent to support or oppose candidates in the presidential race, including the Republican candidates and President Obama as well.

    The official deadline for filing is midnight ET (12 a.m. Wednesday), so reports may trickle in. And it wouldn't surprise us if some campaigns file late tonight as attention is focused on voting results in the Florida Republican primary.

    Super PACS are known to the Federal Election Commission as independent committees, because they are forbidden to coordinate their activities with campaigns. Outside the limits of campaign finance laws, Super PACs may raise unlimited sums of money from corporations, unions, associations and individuals. They can use that money to advocate for or against political candidates.

    Read more about the reports filed Tuesday:

    After TV cameras leave, Romney PAC discloses $18 million

    Spielberg, labor union are big backers of Obama Super PAC

    Perry PAC's $1 million donor got help with nuclear waste dump

    Major GOP Super PAC raised $51 million in 2011

    Not 'Desperate' for cash: Obama lists his big fundraisers

    Sugar Daddy: Huntsman's father gave $1.9 million to Super PAC

    569 comments

    What Stephen Colbert has done is exposed how flawed the election system has become, especially at the federal level. When Corporations can be classified as people/persons we as a county have made a wrong turn. I love this quote! “As a friend of mine from Texas says, he will believe corporation …

    Show more
    Explore related topics: santorum, gingrich, campaign-finance, obama, romney, paul, featured, colbert, cain, election-2012
  • 30
    Jan
    2012
    9:07am, EST

    How do we keep candidates from lying over and over?

    By Bill Dedman
    Investigative Reporter, NBC News

    Why doesn't the fact-checking come first?

    After a presidential debate, even before the debate has ended, we're able now to read fact-checks from Pulitzer Prize-winning PolitiFact and many news organizations.

    But shouldn't the candidates get their facts straight and tell the truth in the first place?

    "American politics has become a battle of talking points," said Bill Adair, editor of PolitiFact and Washington bureau chief for The Tampa Bay Times. "Once candidates find a talking point they like, they often stick with it — even when fact-checkers say it's wrong."

    Perhaps the first questions in the next presidential debate should be something along these lines...

    For Newt Gingrich:

    Former Speaker Gingrich, in debate after debate, you've taken credit for balancing four federal budgets when you were the speaker of the House. As has been pointed out repeatedly by fact-checking organizations, the four years of balanced budgets were fiscal 1998 through 2001, but you were in office for only the first two of those budgets. You left the House in January 1999 and had no role in crafting the budgets for the subsequent two years. In addition, you opposed the two tax-raising deals that were largely responsible for balancing the budget. (Fact-checks here from The New York Times and here from The Washington Post.)

    Similarly, you said that people can use food stamps "to go to Hawaii," claimed that the ethics charges against you were conducted by "a very partisan political committee," and said that "no federal official at any level is allowed to say 'Merry Christmas.'" 

    All these statements were false, according to PolitiFact.

    PolitiFact scorecard on Gingrich

    Equal-time: Questions for the other candidates are below 

    It's been nearly five years since PolitiFact and a host of similar services started debunking the most outrageous statements. In that time, have the candidates become more honest?

    "Not overall, but we've seen glimpses that they will alter their wording after we've called out a falsehood," Adair said. "For example, the way Newt said the balanced budget line in the last debate was more accurate, because he didn't say the four consecutive years were when he was speaker. So maybe he responded to the fact-checking."

    Here are specific follow-up questions for each of the current Republican candidates, as well as President Barack Obama, based on fact-checking by PolitiFact and the major newspapers:

    For Mitt Romney:
    Former Governor Romney, in every debate so far, you've said something like, "Fannie Mae and Freddie Mac were a big part of why we have the housing crisis." But studies have shown that Fannie and Freddie were late to invest in subprime mortgages, following the lead of Wall Street firms that you never mention. (Fact-check from The New York Times here and here.) The unspoken narrative in your comments, and those of the other candidates, panders inaccurately to those who want to believe that loans to unworthy minorities, driven by the Community Reinvestment Act, caused the financial crisis. In fact, most subprime loans were made by lenders who were not covered by the CRA, but who were driven by the need for profits to satisfy their Wall Street investors. Are you trying to deflect blame from Wall Street?

    Similarly, you have said repeatedly that President Obama "went around the world and apologized for America," said "I don't have lobbyists running my campaign," and claimed that President Obama's health care law "represents a government takeover of health care."

    All false, according to PolitiFact.

    PolitiFact scorecard for Romney.

    For Rick Santorum:
    Former Senator Santorum, you have repeatedly criticized Gov. Romney's health insurance program in Massachusetts for the so-called individual mandate, for requiring individuals to buy health insurance. Why not mention that in 1994, when you were running for the U.S. Senate in Pennsylvania, you supported an individual mandate.

    Similarly, you said that an Obama administration policy prohibits people who work with at-risk youth from promoting marriage as a way to avoid poverty, claimed that "a third of all the young people in America are not in America today because of abortion," and said, "Any child born prematurely, according to the president, in his own words, can be killed." 

    All false, according to PolitiFact.

    PolitiFact scorecard for Santorum.

    For Ron Paul:
    Representative Paul, you've said that the United States "is bankrupt." The country isn't unable to pay its debts, nor is it impoverished. The credit rating of the United States is AA+ at Standard & Poor's (one step below the top of a 20-step scale), and AAA at the other rating agencies.

    Similarly, you claimed that only a few sentences in your racist and conspiratorial newsletters were inflammatory, that the majority of the American people believe we should go back on the gold standard and that you never vote for legislation unless it's specifically authorized in the Constitution.

    All false, according to PolitiFact.

    PolitiFact scorecard for Paul.

    And in the general election, maybe the first question to the incumbent could start something like this:

    For Barack Obama:
    President Obama, you've said that most of the money for your campaign came from small donors, that you've excluded lobbyists from policy-making jobs, that you haven't raised taxes once.

    All false, according to PolitiFact.

    You've claimed that your opponents plan to cut funding for Israel to zero. PolitiFact rated that claim "Pants on Fire," its lowest rating.

    "One theme we've seen in Obama's statements," says PolitiFact's Bill Adair, "is that he is exaggerating how he has fulfilled promises. We know this, of course, because we keep track of all 500+ promises on our Obameter."

    PolitiFact scorecard for Obama and Obameter keeping track of his campaign policies

    Should the candidates be asked: As you prepare for a debate, is part of your preparation to remind yourself, whatever I say, I should play it straight with the American people? Aren't you embarrassed to repeat statements that any 8th-grader could look up in 20 seconds and discover have been proven untrue? Or do you calculate that it's acceptable to twist the facts to win an election?

    Readers, what do you think? What would make the candidates stick to the facts? Add your comments below. 

    Submit ideas Share your story ideas or documents with Open Channel

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    793 comments

    PolitiFact itself is unreliable. They find facts, then subjectively skew the results in their ratings. The word "fact" is not the botom line. Their name should be politifactopinion. Reporting facts and arbitrating facts with assumed superiority may not be political, but is arrogant because facts sho …

    Show more
    Explore related topics: santorum, gingrich, obama, romney, paul, featured, election-2012

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