Is anyone surprised that Russ Feingold is a raging hypocrite on campaign finance and dark money? Dan Bice reports.
Former U.S. Sen. Russ Feingold — long a champion of campaign finance reform — founded a political action committee that has given a mere 5% of its income to federal candidates and political parties.
Instead, nearly half of the $7.1 million that Progressives United PAChas spent since 2011 has gone to raising more money for itself, according to data compiled by OpenSecrets.org. The data also show the group has paid another sizable chunk of money on salaries or consulting fees for Feingold, his top aide and eight former staffers.
Federal election records show that Feingold’s PAC spent $4.2 million during the 2011-’12 campaign cycle. Of that, it gave 7% to federal candidates, political parties and campaign committees.
The percentage dropped in the 2013-’14 election cycle.
During that two-year span, Feingold’s fund spent $2.5 million, with only 1.6% of its outlay being used on direct support for candidates and parties.
And, of course, as soon as this story broke, Feingold sent out a fundraising letter on it.
As a side note, here is also a little window into why the cost of a college education is so high:
Feingold also taught one course at Stanford University this spring, earning $50,000 for the class.