Obama Backtracks on Super PACs

Obama in a surprise decision has decided to support Super PAC’s (Political Action Committees) going from his original stand of being their biggest critic. PAC is a proxy organization that backs political campaigns, but do not directly get involved in the campaign. They are allowed to raise unlimited amounts of money and are often headed by highly influential people with deep pockets.

The decision comes in the wake of Democrats being unable to match the financial clout of the Republican campaign, which has seen them raise tens and millions of dollars. Obama urged supporters and wealthy fundraisers to back Priorities USA, a super PAC run by former Obama loyalists to match the Republican campaign. It is also rumored that a Hollywood big shot; one of the biggest contributors to the Democratic Party, is said to be backing the group.

 

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