By Building a New Financing System, Are Candidates Mocking the Rules?
Essay by Olivia Simpson • December 9, 2015 • Annotated Bibliography • 1,983 Words (8 Pages) • 1,212 Views
Essay Preview: By Building a New Financing System, Are Candidates Mocking the Rules?
Works Cited
Balz, Dan. "By Building a New Financing System, Are Candidates Mocking the Rules?." Washington Post. 15 Mar. 2015: A.2. SIRS Issues Researcher. Web. 28 Nov. 2015.
Author’s Credentials: Dan Balz graduated from the University of Illinois, and has worked as a political correspondent at the Washington Post since 1978. Currently, he holds the position of chief correspondent. He is a highly decorated journalist, and has received such awards as the American Political Science Association award for political coverage, the Gerald R. Ford award, the Mariam Smith Award, and the National Press Club award.
Summary: Campaign finance limits began after the Watergate Scandal in the mid 1970’s. They were designed to limit what a candidate could raise and spend during their campaigns, with the goal of preventing wealthy individuals to heavily influence elections. Over time, they have become less and less successful, especially with the conception of superpacs, who have the same influence the limits were created to prevent.
Bias: The author has a slight bias against superpacs.
Questions Answered: Why was campaign finance legislation created? What was its intended purpose? What specific events have led to its demise?
Questions Created: Where do campaign finance limits seem to be going in the future? How are specific candidates reacting to said limits, and how do they intend to reform the system? Which specific candidates are heavily invested in reforming the campaign finance system?
Confessore, Nicholas. "Koch Brothers' Election Flood." International New York Times. 28 Jan. 2015: 5. SIRS Issues Researcher. Web. 26 Nov. 2015.
Author’s Credentials: Confessore is a Princeton graduate with a degree in political science. He won the Livingston Award for national reporting in 2003, at the age of 28, and the 2009 Pulitzer Prize for breaking news reporting. Currently he works as a political correspondent on the national desk of the New York Times.
Summary: This article dealt with the Koch brother’s increasing influence on the presidential election, especially with the increase in their funding to $900 million, a number close to the amount of funding given by the respective political parties to their candidates. Additionally, this increase in spending puts a great deal of pressure on democratic and liberal groups, and emphasizes the roll of donors over political consultants and operators.
Bias: The author has a slight bias against the Koch brothers, but not large enough to negate the importance of the article.
Questions Answered: How much are the Koch brothers spending during this election cycle? On which candidates are they spending said funds? How is this impacting parties and other political organizations?
Questions Created: Are there other people/organizations who are spending large sums of money to influence the 2016 election? Exactly which candidates are receiving the bulk of the money from superpacs/billionaire backers?
Flitter, Emily. “Why U.S. Billionaires May Not Be Able to Buy the 2016 Elections.” Pittsburg Post-Gazette. 07 June 2015. Web. 19 Nov. 2015.
Author’s Credentials: Emily Flitter is a political reporter based out of New York. Currently, she holds the position of 2016 Campaign Finance Correspondent at Reuters News in New York. She received her Masters in Middle Eastern studies and journalism from New York University in 2007, and has worked as such publications as The Wall Street Journal.
Summary: This article discusses the falling influence of money (mainly that of Superpacs and Billionaires) in buying the next election. Though some smaller candidates, such as Rubio and Carson, still have billionaire backers, there is a great deal of questions as to the effectiveness of billionaire dollars in the 2016 election. Over the last few election cycles, political watchdogs have feared the growing sway of billionaire dollars on the elections, but are now seeing some pushback. Additionally, political experts think that said pushback may be due to the larger amounts of perceived discontent at the unjust distribution of wealth, and a greater knowledge of the role money has played in past elections. Though one cannot deem this a trend, as it has only been occurring for one election cycle, it seems as if the era of big business buying elections is coming to a close. In response, some candidates, mainly Bernie Sanders, have turned to their supporters for funding in order to avoid billionaire influence altogether.
Bias: The author maintains a small bias towards those who do not use superpacs/ have billionaire backers.
Questions Answered: What is the role of money in the 2016 election? Is the general public dissatisfied at the influence of big money?
Questions Created: Where do specific candidates stand in terms of campaign finance legislation? What are their plans to either limit/expand said legislation? Who considers this to be a major issue?
Rothenberg, Stuart. "'Big Money' and the 2016 Elections." Roll Call. 23 Apr. 2015: n.p. SIRS Issues Researcher. Web. 26 Nov. 2015.
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