Sunday, May 20, 2012

Joe Ricketts Rejects Plan to Finance Anti-Obama Ads

The New York Times follows up on Joe Ricketts Rejects Plan to Finance Anti-Obama Ads "The episode all but ensured that Republicans would remain under intense pressure not to invoke Mr. Wright’s provocative statements so directly for the balance of the campaign. And, in a year when the loosened system of campaign finance regulations is encouraging wealthy individuals to weigh in on behalf of candidates and causes, Mr. Ricketts became a case study in the risks of political neophytes with big checkbooks seeking to play at the highest and roughest levels of politics."

Matthew Zeitlin points out, "As the election lawyer Rick Hasen has argued, Joe Ricketts or any other conservative billionaire would have been able, before Citizens United, to independently fund election ads, but the ads would have to specify that “this message was paid for by Joe Ricketts.” Now, with the advent of unlimited donations to Super PACs, Ricketts would not face the same personal disclosure requirements that governed independent expenditures in the pre-Citizens United era."

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