'Dark Money' Documentary Follows the Money in Politics
*By Max Godnick*
Ever since Watergate, investigative journalists have been urged to ["follow the money"](https://www.youtube.com/watch?v=vETxuL7Ij3Q) to find the truth in politics. But how do you locate the funds that come from undisclosed donors?
"Dark Money" is a new documentary that aims to answer that very question. The film makes its national broadcast debut on PBS on Monday night, shining a detective's flashlight on mysterious corporate spending in politics.
"As a filmmaker, it was just a good mystery novel sort of spy thriller story that I knew we'd be able to tell," the film's director/producer Kimberly Reed told Cheddar on Monday.
The documentary extrapolates from a particular situation in Montana to explore a larger, more national problem in U.S. politics. Reed spends most of "Dark Money" tracking local journalist John S. Adams's attempt to uncover the truth about the funding behind her home state's tangled elections.
"I could see the storm brewing," Reed said. "It's a really good case study, because we can actually connect all of the dots."
Reed described "dark money" as any funding that "makes its way into an election, and you don't know where it's coming from."
Those contributions have been legally permitted ever since the 2010 landmark U.S. Supreme Court decision on *Citizens United v. FEC*, which established campaign spending as a form of First Amendment-protected political speech.
"That's just a recipe for corruption," Reed said. "I just think that our democracy was founded with the assumption that we're going to know who's trying to influence our politics."
She pointed to the hyper-centralization of dark money groups as the part of the problem that scares her most acutely. The unidentified financing stems from a small handful of groups, with just 15 organizations accounting for all dark money spending since 2010. The largest is Crossroads GPS, led by Bush-era political operative Karl Rove. The organization has since changed its name but still acts as the same entity.
Reed noted that the issue is non-partisan, with equal-opportunity offenders hailing from both sides of the aisle. But she did add that conservatives were the first to "weaponize" the funding tactic ー and the left has led the charge in finding legislative solutions.
With just weeks to go before the midterm elections, Reed cautioned voters and watchdogs alike to be mindful of this less-salacious corner of corruption and scandal ー the funding without high-profile names attached.
"Where we see big anonymous money going into elections, that's where we need to pay attention, especially if there's foreign influence behind it," she said.
For full interview [click here](https://cheddar.com/videos/shady-campaign-finance-stars-in-new-documentary).
Markets opened slightly higher to kick off the final trading week of the year as investors continue to watch the Omicron variant in the U.S. Sean O'Hara, President, Pacer ETFs joined Cheddar's Opening Bell to discuss what drove early market activity.
Carlo and Baker kick off the weirdest week of the year with all the news you missed over the holiday weekend, including calls for the CDC to shorten its isolation window as Omicron sweeps through the country.
Former professional tennis player Patrick McEnroe joined Cheddar to discuss the troubling issues surrounding player Peng Shuai who appeared potentially to have been silenced following her social media post accusing former Vice-Premier Zhang Gaoli of sexual assault. Shuai's subsequent disappearance, reappearance, and apparent retraction of the accusation in an interview only added to worries. "When this happened, all of us in the tennis community were very concerned. And, by the way, another thing Peng said in this interview was that she doesn't speak very good English," McEnroe noted. "Well I can assure you, she speaks darn good English, 'cause I spoke to her on many occasions over the last 15 years."
Universities like UCLA, Yale, and Duke have announced they're implementing remote learning amid the COVID omicron variant surge, despite President Biden recommending that K-12 schools should continue in-person education. Jared C. Bass, senior director for Higher Education at American Progress, joined Cheddar to break down what institutions of higher education might be considering differently. "I think some universities are allowing periods of a bit of a respite to allow students to get testing and make sure when they do return back to campus that they're healthy," he noted.
The S&P closed at a record at the major markets ended Thursday's session higher for a third straight day. Adam Coons, Portfolio Manager at Winthrop Capital Management, joins Cheddar News' Closing Bell, where he discusses what has investors feeling jolly before Christmas, and gifts investors with winning buying opportunities entering 2022.
The Supreme Court will hear arguments on President Joe Biden's vaccine mandates for large companies and health care workers on January 7, 2022. The mandates will remain in place until then.
Carlo and Baker cover the heartening news on the Covid front ahead of the holiday, plus President Biden punting student loan repayments again, a new space telescope and Love, Hate, Ate: Christmas Eve Eve Edition!
This year's worldwide semiconductor shortage limited the supply of everything from new cars to smartphones; and now, many in the chip industry expect the shortage to continue deep into 2022, and maybe even 2023. Semiconductor senior research analyst for Robert W. Baird & Co., Tristan Gerra, joins Cheddar News' Closing Bell to discuss.