How PACs control candidates

Four PACS – supposedly independent Political Action Committees – have raised $39 million on behalf of the presidential candidacy of Senator Ted Cruz of Texas.

fatcatBut only a trickle of that money has been released to the Cruz campaign.  Why would a PAC collect money and hold it back?

One answer is that it is a way to keep the candidate in line.  Act in a way that is pleasing to the millionaires and billionaires who give to the pact, and you get your money.  Displease them, and your campaign is cut off.

I can only speculate as to what Ted Cruz has done to displease his political benefactors—whether he has been acting too crazy, or not crazy enough.

But if campaign financing law continues as it is, I think political campaign funders are going to become more obvious in the way they exert control over candidates.

LINKS

Ted Cruz’s Super Stingy Sugar Daddies by Betsy Woodruff for The Daily Beast.

Small Pool of Rich Donors Dominates Election Giving by Nicholas Confessore, Sarah Cohen and Karen Yourish for the New York Times.

Million-Dollar Donors in the 2016 Presidential Race by the New York Times.

The New Holy Grail of Republican Primaries by Rick Perlstein for the Washington Spectator.

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