Campaign Finance Reform
American political campaigns are expensive, and the price tag is growing exponentially. With so many more mediums for advertisements, aspiring representatives need to hire an extensive professional campaign staff and pay exorbitant prices for TV, Internet, newspaper, magazine, and even social networking ads (we’ve all seen “‘Like’ Mitt Romney!” or “‘Like’ Obama Truth” show up on the right of our Facebook pages). For congressmen, price ranges are in the millions; for Barack Obama, the price for his 2012 election is estimated to break $1 billion for the first time in history ( see this link for more information ). And more often than not, thanks to the power of successful advertising, the person with the most campaign money wins the election.
Financing such campaigns has led politicians to exhibit behavior that would make their predecessors cringe. Congressmen dedicate an estimated 30% of their time to fundraising efforts, traveling to and from various locations and attending $5,000 a plate dinners. While I cannot speak for how this behavior corrupts their decision-making (i.e. through working only towards the best interests of the highest donors), wasting a third of their time on elections is certainly distracting and detrimental to their jobs.
So what can we do to solve this issue? I’ve heard many interesting theories on how we can create campaign finance reform through changing the system. The most popular one, which has seen legislative implementation, involves complete transparency of funds and limitations on personal contributions. And as a matter of fact, all campaign contributions for all representatives are accessible to the public. The Federal Election Commission, for example, puts all federal election contributions online for anyone to see. However, seeing how much Person X or Company Y donated does not provide a clear picture of who has the greatest monetary influence. PACs and other groups are exempt from such federal regulation and can incur unlimited amounts of money.
Another theory proposed involves the opposite: complete anonymity. Anyone can donate as much money as they want to a candidate, but the donor must remain anonymous. Ideally, this theory would allow people to support the candidate they believe in, and candidates wouldn’t be inclined to suck up to the largest donors. But the problem with this idea is that there would be so little incentive to donate. Furthermore, implementation would be impossible; word would get out to politicians somehow about who donated how much, and the result would be the exact same situation.
One of the most unique theories I have heard involved the idea of a public election fund. Essentially, all voters would be taxed a small amount, creating a fund for politicians to campaign with. But again, there would be little incentive to donate, and politicians, lobbyists, and interest groups would find ways to create lateral campaign organizations exempt from federal regulation, much like today’s PACs.
I honestly doubt any change at the system level will be successful. Corruption always weeds its way into politics, and there is no such thing as a perfect system. However, I do think that we can change the way elections are run if we become a more educated electorate. We need to do our research and choose our candidates on the basis of policy ideas and merit. Too often do we get caught up in party loyalty or subjective decisions (i.e. “Romney just…rubs me the wrong way. He seems like such a crook.” Why? Is he really? What has he done? Do you even know?). We need to look beyond the superficial and be smart about our ability to vote.
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