Big corporations and Wall Street are also secretly funneling big bucks into front groups like the US Chamber of Commerce that will use the money to air anti-Obama ads, while keeping secret the identities of these firms.
A handful of billionaires are all but funding the GOP primaries. Never before have so few spent so much to influence so many.
Stephen Colbert has taken his mockery of campaign finance in the US to a new level by showing he can funnel unlimited, anonymous cash into his Colbert Super PAC.
Mike Duncan of the conservative PAC American Crossroads said Friday $120 million is his group's fundraising goal for Election 2012. That's short of what Big Labor spent for Obama in 2008, he notes.