MikeMar 20
Molly White

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).

#cryptocurrency #crypto #USpolitics #USpol #Illinois

Mar 18 at 3:10amWeb
Show threadLAURENMar 18

@molly0xfff

They are stupid wealthy. That's good now. Money has made them dumb.

Show threadDon Hawkins - W7DAHMar 18
@noondlyt @molly0xfff “dumber”
Show threadikesauMar 18
@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?
Show threadMolly WhiteMar 18
@ikesau most of it goes to advertising airtime (lots of broadcast/cable television, some YouTube/etc). a fairly small amount goes to other expenses (ad production, print mailers, etc)
Show threadbabble encatMar 18
@molly0xfff huh! Who did they want for Senate?
Show threadMolly WhiteMar 18
@babble_endanger Raja Krishnamoorthi
Show thread0xDECAFBADMar 18
@molly0xfff @babble_endanger This was a huge L, Krishnamoorthi probably had as much funding as the rest of the field put together.
Show threadMolly WhiteMar 18
@slyborg @babble_endanger just about
Show threadbabble encatMar 18

@molly0xfff @slyborg oh so they really did just oppose Stratton

Jeez i hate that

Show threadMastodon MigrationMar 18

@molly0xfff

It is really encouraging to see that the Crypto and AI money was not able to sway the election, and Stratton prevailed. Hopefully voters are waking up to the fact that these special interests are not on their side, and not on the side of democracy.

Let it be that candidates who take such money are branded as sellouts and enemies of the people.

#WeThePeople

Show threadbayoMar 18
@molly0xfff $14.2 million to learn what good opposition research would have told them for $50,000.
Show threadMichael WestergaardMar 18
The main goal of donations may be to get a particular candidate elected, but a close runner-up is being owed favors by whoever wins afterwards.
Show threadHerb from AlaskaMar 21

@molly0xfff

When you can conjure up "money" out of thin the sky's the limit.