Banker's SuperPac to Launch "Surgical" Strikes at Enemies in Congress

[John Manning]

FILE UNDER: Giving More Real Meaning to "Buying Congress"


From the American Banker:

Frustrated by a lack of political power and fed up with blindly
donating to politicians who consistently vote against the
industry's interests, a handful of leaders are determined to shake
things up.

They have formed the industry's first SuperPAC — dubbed
*Friends of Traditional Banking* — that is designed to target the
industry's enemies and support its friends in Congress.

"It comes back to the old philosophy of walking softly and carrying
a big stick," says Howard Headlee, the president and chief
executive officer of the Utah Bankers Association. "But we've got
no big stick. And we should. We have the capacity to have one, we
just aren't organized [sic]." ...

"Congress isn't afraid of bankers," adds Roger Beverage, the
president and CEO of the Oklahoma Bankers Association. "They don't
think we'll do anything to kick them out of office. We are trying
to change that perception."

Unlike traditional banking PACs, which target hundreds of House and
Senate races, the SuperPAC instead is focusing on making a big
difference in just a handful of close elections.

They explain how this will work:

"BankPAC [the industry's non-super PAC] is much broader and covers
lots of different candidates. This is much more surgical," Packard
says.

"If someone says I am going to give your opponent $5,000 or
$10,000, you might say, 'Yea, okay.' But if you say the bankers are
going to put in $100,000 or $500,000 or $1 million into your
opponent's campaign, that starts to draw some attention.

Needless to say, a million dollars will swamp most House races.

That "fed up with blindly donating" comment above likely means
Dems. The goal will be to pick off the hard-core bank-reform
outliers, and frighten the rest.

I'm not sure another comment is needed; the story is pretty
self-explanatory.

Linked here:
http://www.americablog.com/2012/04/bankers-form-superpac-for-surgical.html

[Truth and honesty]

On Thu, 05 Apr 2012 20:18:34 -0300, John Manning wrote:

The reality is that Obama is collecting more money than all the republicans
put together.

http://utahpolicy.com/view/full_story/18133789/article-Obama-Campaign-Spending-More-than-Romney--Santorum-Combined?instance=featured_home_policy

Federal Election Commission reports show Obama's campaign has spent $135
million so far, which is more than all of his GOP challengers combined. The
Associated Press says the spending makes the Obama campaign geographically
larger than Mitt Romney's or Rick Santorum's operation.

Read more: Utah Policy - Obama Campaign Spending More than Romney Santorum
Combined

[Logan Sacket]

On Thu, 05 Apr 2012 20:18:34 -0300, John Manning

At least they are not Obama's.

[Logan Sacket]

On Fri, 6 Apr 2012 10:10:20 +1000, Truth and honesty
<Tr...@honest.com> wrote:

>On Thu, 05 Apr 2012 20:18:34 -0300, John Manning wrote:
>
>The reality is that Obama is collecting more money than all the republicans
>put together.
>
>http://utahpolicy.com/view/full_story/18133789/article-Obama-Campaign-Spending-More-than-Romney--Santorum-Combined?instance=featured_home_policy
>
>Federal Election Commission reports show Obama's campaign has spent $135
>million so far, which is more than all of his GOP challengers combined. The
>Associated Press says the spending makes the Obama campaign geographically
>larger than Mitt Romney's or Rick Santorum's operation.

Then again, we know how Obama spends money with nothing to show for
it.

[Free Lunch]

On Sat, 21 Apr 2012 20:33:15 GMT, logan....@gmail.com (Logan Sacket)
wrote in alt.atheism:

You know that the stimulus worked, no matter what the reactionaries tell
you. They have a long history of lying about the economy and no rational
person believes any of the stories of the reactionaries.