Money Lobby Summary

The documentary the Money Lobby gets at the present day fear of money’s impact. Money has been having a huge influence on political conversations and actions. The amount of money spent isn’t necessarily what is causing the fear. More so it’s the fact that the donors with more money are overruling the everyday citizens who should have a voice to. The 2012 election cost nearly 6 billion dollars, making it the most costly congressional and presidential election America has ever scene. In the past many finance reforms have been done to help prevent a monopoly of the rich and wealthy 1% influencing politics rather than the general public opinion. You start to see campaign reform attempts in the early 1900’s with the Tillman Act in 1907, which banned campaign contributions from corporations. Later in 1910 the Publicity act is passed requiring the donor to be revealed. Then in 1947 the Taft-Hartley act prohibiting not only corporations but also unions from campaign contributions. In response to this act Unions formed PACs. PACs were a new altar to how elections were run. The …show more content…
Speech now is another nonprofit organization that earned money to support for or oppose to a candidate. They worked against the FEC because they thought the spending limits they had been given were unconstitutional. In correspondence with the citizens united case ruling that independent spending isn’t corruptive, there isn’t a need for it to be limited. Now originations contribution earned and spent are not limited.
With the shocking results of citizens united some rules were still left intact. Such as not allowing corporations or unions to lend hard money, ban on soft money contributions to PACs or parties. As well as limits on individual hard money donations. Besides these laws however, the two court cases held in 2010 created many other opportunities for money to be spent on campaigns. In ways such as the creation of super PACs and