The cryptocurrency industry super PACs dumped $14.2 million into the Illinois primaries.
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The cryptocurrency industry super PACs dumped $14.2 million into the Illinois primaries. 90% of that – $12.8 million – was wasted, in that it went to opposing Democratic candidates who won their primaries (Stratton in the Senate race, Ford in H-07) or supporting their opponents.
Their only victories in the state were where they contributed money towards outcomes that were already highly likely. They opposed Robert Peters (H-02), who had been polling in third place and ultimately received 12% of the vote. They supported Bean (H-08) and incumbent Budzinski (H-13).
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The cryptocurrency industry super PACs dumped $14.2 million into the Illinois primaries. 90% of that – $12.8 million – was wasted, in that it went to opposing Democratic candidates who won their primaries (Stratton in the Senate race, Ford in H-07) or supporting their opponents.
Their only victories in the state were where they contributed money towards outcomes that were already highly likely. They opposed Robert Peters (H-02), who had been polling in third place and ultimately received 12% of the vote. They supported Bean (H-08) and incumbent Budzinski (H-13).
They are stupid wealthy. That's good now. Money has made them dumb.
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The cryptocurrency industry super PACs dumped $14.2 million into the Illinois primaries. 90% of that – $12.8 million – was wasted, in that it went to opposing Democratic candidates who won their primaries (Stratton in the Senate race, Ford in H-07) or supporting their opponents.
Their only victories in the state were where they contributed money towards outcomes that were already highly likely. They opposed Robert Peters (H-02), who had been polling in third place and ultimately received 12% of the vote. They supported Bean (H-08) and incumbent Budzinski (H-13).
@molly0xfff hey molly - maybe a dumb question but where does this money actually go? I don't really understand how money gets spent to put an ad on TV and who takes a cut. does it go from the PACs to local TV networks? big broadcasting conglomerates?
I'm aware i could google this, but maybe you have a post on it you could recommend?
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Mammoth Long Tongue
only 12¢ from Johnson Smith and Co (1951)
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@silverpill@mitra.social Actually, there's the official one: @lobsters@mastodon.social.
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@molly0xfff hey molly - maybe a dumb question but where does this money actually go? I don't really understand how money gets spent to put an ad on TV and who takes a cut. does it go from the PACs to local TV networks? big broadcasting conglomerates?
I'm aware i could google this, but maybe you have a post on it you could recommend?
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@charette in counting shoes, 0.
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They are stupid wealthy. That's good now. Money has made them dumb.
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The cryptocurrency industry super PACs dumped $14.2 million into the Illinois primaries. 90% of that – $12.8 million – was wasted, in that it went to opposing Democratic candidates who won their primaries (Stratton in the Senate race, Ford in H-07) or supporting their opponents.
Their only victories in the state were where they contributed money towards outcomes that were already highly likely. They opposed Robert Peters (H-02), who had been polling in third place and ultimately received 12% of the vote. They supported Bean (H-08) and incumbent Budzinski (H-13).
