Word: pac
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Like many large and diversified corporations, Time Inc. has a PAC. It contributed a total of $46,730 in 1981 and 1982 to congressional candidates and political and party organizations. The PAC is under the jurisdiction of Time Inc.'s business management, which has no authority over editorial policy. The editors of Time Inc.do not participate in these decisions-or know the identities of the recipients. The company's forest products subsidiaries have their own PACs: Inland Container Corp. gave $15,200 in 1981-82. Temple-Eastex $17,350. In addition, Temple-Eastex contributed...
Like electronic images gobbling dots across a video screen, the PAC-men darted among the elegant rooms of the National Republican Club on Capitol Hill. At a fund raiser for Congressman Eldon Rudd of Arizona, they dropped their checks into a basket by the door or pressed them into the candidate's palm, before heading for the shrimp rolls and meatballs. Downstairs, other PAC-men crowded into a reception for Delaware Congressman Tom Evans, which featured piano music and White House luminaries. A few stopped in at the party for Deborah Cochran of Massachusetts. Because she is a long...
...most members have headed home for the final stretch of the 1982 campaign, candidates can still be found buzzing back to Capitol Hill. They know that Washington is where the money is these days, or at least where one dips into the honeypot of contributions from political action committees (PACs). In a circular chase that is dominating congressional politics as never before, the candidates are courting the PACs, and the PAC-men are courting the candidates. "Harry Truman said that some people like government so much that they want to buy it," says Democratic Congressman David Obey of Wisconsin...
...PAC Attack" headline, playing on the familiar McDonald's slogan, fails to accurately portray the sources of McNamara's campaign warchest. If anything the McNamara campaign should be presented as a "grass-roots" style effort. His contribution list includes over 30,000 contributors: their average contribution is $19. Only about 1.5 percent of McNamara's funds have come from PAC...
...Neill, on the other hand, is the true benefactor of special interest groups and other fatcats. Most of his $250,000 has come from PAC's. Individual contribution have donated the rest, but their average contribution is over $900. Who should be considered the candidate of "Big Money...