House and Senate shatter fundraising records for midterm election and may exceed $2 billion
Our California race made it into the top ten of spending by special interest groups at $7,775,144 but didn't make it into the top ten for this past week. Total spending by the candidate in this race through September 30, the last report filed with the FEC, stands at $19,442,684 for Boxer and $16,616,855 for Fiorina. The Republican senatorial committee will be spending another $3 million this next week but it's hard to determine exactly how much the total has been.
Hopefully, changes will be made during this next Congress but I wouldn't count on it. Too many of the incumbents will owe their success to the spending by the special interest groups. It will be hard for them to bite the hand that feeds them. President Obama has been opposed to the spending by special interest groups and the Democrats were late in starting their push. Unfortunately, they will get the message that they can't afford to fall behind and in two years the spending will get worse. I don't foresee any major changes in the law from now to then.
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