By participating in Connecticut’s public financing system, Governor Dannel “Dan” Malloy will receive $6,500,400 in public funds to pay for his 2014 re-election effort…. Yes, that number is Six Million, Five Hundred Thousand, Four Hundred Dollars.
As readers know, public campaign finance systems were designed to take “big money” out of politics.
By agreeing to be part of the public finance program, candidates agreed that they would NOT ACCEPT campaign contributions from political action committees, corporations or large donors.
Following the scandal that sent former Governor John Rowland to prison, Connecticut adopted the nation’s premier campaign finance system.
However, in 2013 at the request of Governor Malloy, the Democrats in the Connecticut General Assembly intentionally undermined Connecticut’s public finance system by creating a series of loopholes that will allow Malloy to take the $6.5 million dollars in public funds yet still participate allow him to benefit from a “shadow campaign” in which millions of dollars are funneled through political committees to benefit Malloy’s re-election aspirations.
At the time, Republican State Senator Michael McLachlan and others warned their colleagues of the consequences of undermining Connecticut’s campaign system, but legislators went ahead and did Malloy’s bidding.
Malloy’s scheme to double-dip campaign funds was laid out in a What, What? post entitled, “Campaign Finance Reform Malloy Style: NU CEO says support Malloy by giving to the Connecticut Democratic Party.”
And now the fruits of Malloy’s efforts are coming to fruition.
As reported in yesterday’s Wait, What? post, “Corporate Education Reform Industry pours money into Malloy campaign operation,” Team Malloy has raised approximately $2.5 million into one of the Connecticut Democratic Party’s accounts and that doesn’t even count the money that is being laundered through other party or political action committees.
So who are writing the big checks for Malloy’s shadow campaign operation?
Here is just a partial list,
|Political Action Committee||Amount|
|Bank of America PAC||$5000|
|Praxair Inc. PAC||5,000|
|Webster Bank PAC||$3,000|
|United Healthcare PAC||$5,000|
|Phoenix Companies PAC||$5,000|
|Walt Disney Productions PAC||$5,000|
|Coventa Energy PAC||$5,000|
|Dominion Energy PAC||$3,500|
|GHC Ancillary Corp PAC||$3,000|
|Purdue Pharma PAC||$5,000|
|Boehringer Ingelheim PAC||$2,500|
|National Confectioners PAC||$2,500|
|Pitney Bowes PAC||$3,500|
|Northeast Utilities PAC||$2,500|
And the list goes on and on and on….