Most of the media coverage of the 2012 campaign treats a Republican advantage in super-PAC spending as a given. This assumption is echoed by increasingly dire comments from President Obama, his advisers, and other Democrats.
At a New York City fundraiser last month, President Obama lamented that opposition to his reelection bid will be fueled by “$500 million in super-PAC negative ads that are going to be run over the course of the next five months that will try to feed on those fears and those anxieties and that frustration.”
“We put out a fund-raising letter because we’re facing about a billion dollars of super-PAC spending,” Obama’s chief strategist, David Axelrod, told CNN. He has also referred to “the Rove and Koch brothers contract killers over there in super-PAC land.”
“With every passing week, Democratic insiders are becoming more and more panicked that, by November, their Republican opponents will have buried them under a mountain of money,” reports The New Republic. “The GOP money machine — that is, American Crossroads, the super PAC co-founded by Karl Rove; Americans for Prosperity, the group backed by the billionaire Koch brothers; and the U.S. Chamber of Commerce — has vowed to spend $1 billion combined before Election Day.”
h/t Flaming Hetero