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i think that s a huge point, right, because we talk all the time about citizens united. we don t talk a lot about buckley v. valejo. the big idea floating around congress is the disclose act which wouldn t put limits on the amount of money anybody can pend in elections but would force a much more transparent disclosure. within that context, disclose wouldn t work because some of what we re worried about isn t just money that gets spent but money people threaten to spend. can you explain that? this is an argument made in the academic literature, a nice paper called the iceberg theory of contributions. pointing out that the contribution is hiding a much more larger threatened contribution to have its effect. but actually, evan buy made the point former senator from indiana. he said what everybody is worried about in indiana is that 30 days before an election, some ....
Contribution is hiding a much more larger threatened contribution to have its effect. but actually, evan buy made the point former senator from indiana. he said what everybody is worried about in indiana is that 30 days before an election, some super pac is going to come in and drop a million dollars on the other side. what do you do to protect yourself? you need to buy some super pac insurance. how do you buy super pac insurance? the assurance if somebody drops a bomb against you, you have someone willing to drop an equal or larger bomb? you have to pay your premium in advance? how do you do nat? you begin to behave today in a way that will encourage or cement the support you need from the super pac on your side to back you up when it comes time for you to be supported because the attack has come from the other side. so this is the economics of a protection racket, and the point is all of the effect is happening long before anybody ....
We don t talk a lot about buckley v. vuleo. the big idea floating around congress is the disclose act which wouldn t put limits on the amount of money anybody can pend in elections but would force a much more transparent disclosure. within that context, disclose wouldn t work because some of what we re worried about isn t just money that gets spent but money people threaten to spend. can you explain that? this is an argument made in the academic literature, a nice paper call the iceberg theory of contributions. pointing out that the contribution is hiding a much more larger threatened contribution to have its effect. but actually, evan buy made the point former senator from indiana. he said what everybody is worried about in indiana is that 30 days before an election, some super pac is going to come in ....
Jon: happening now, take a look at the top box. we are waiting for a major announcement from indiana senator evan buy. the democrat set to announce his retirement. he says excessive partisanship played a role in his decision not to run again. in the middle box, the government says it received 13 more complaints of fatal accidents linked to sudden acceleration in toyotas, this after the automaker announced it huge recall. in the bottom box, word of an international arrest warrant for american cyclist floyd landis. he won the 2006 tour de france but was stripped of his title. landis now suspected of hacking into an anti-doping laboratory computer. harris: police in california searching for three suspects at this hour in a bizarre shooting in a church. the gunmen wore hoods and paced the aisle at the church of god ....