How the 1%-of-1% spends its political dollar
Nicko from the Sunlight Foundation sez, "The Sunlight Foundation published a very detailed analysis of campaign contributions from the 2010 cycle with accompanying infographics and profiles of the top political donors that show just who holds the power in U.S. electoral politics. Our analysis reveals a growing dependence of candidates and political parties on this 'One Percent of the One Percent,
resulting in a political system that could be disproportionately influenced by donors in a handful of wealthy enclaves. Sunlight's examination also shows that some of the heaviest hitters in the 2010 cycle were ideological givers, suggesting that the influence of the One Percent of the One Percent on federal elections may be one of the obstacles to compromise in Washington.
"How does their giving compare to the average American's wealth? In the 2010 election cycle, the average One Percent of One Percenter spent $28,913, more than the median individual income of $26,364. Additionally, Sunlight's analysis shows that lobbyists make up between 15 and 20% of The One Percent of the One Percent."
The Political One Percent of the One Percent (Thanks, Nicko!)
