California Future Fund for Free Markets is breaking the irony barrier with an ad supporting Proposition 32, which purports to ban special interest money from state politics. The ad criticizes “deals cut in the shadows,” but CFFFM is funded entirely by a single $4 million donation from a similarly shadowy Iowa group that does not disclose donors but has ties to the Koch brothers. This hypocrisy has substantive implications as well: Prop 32 claims to end special interest spending in California politics, but leaves gaping loopholes for the billionaires who are funding the effort while cracking down much more tightly on union political spending.Read more after the jump.
Donors: David Koch
The the Chamber of Commerce – which has received millions from the insurance industry to oppose health care reform – attacks Sen. Sherrod Brown (D-OH) for stating that the Affordable Care Act “pays for itself, actually reduces the deficit.” Instead, the Chamber claims, the law will add over $300 billion to federal debt. But the Chamber gets its figures from a dishonest study by a GOP operative who works for the Koch-funded Mercatus Center. The nonpartisan CBO, meanwhile, has affirmed that overall the health care law reduces the deficit by more than $200 billion over the next decade.Read more after the jump.