The Intercept Exposes the Arnolds’ Scam ‘Bipartisan’ PAC | NTK Network The Intercept Exposes the Arnolds’ Scam ‘Bipartisan’ PAC

The Intercept Exposes the Arnolds’ Scam ‘Bipartisan’ PAC

The report confirms earlier reporting by NTK Network, which showed the group spends money against vulnerable Republicans and a couple unbeatable Democrats.

By NTK Staff | 10.17.2018 @9:30am
The Intercept Exposes the Arnolds’ Scam ‘Bipartisan’ PAC

Patients for Affordable Drugs, or P4AD, the super PAC funded by liberal billionaires Laura and John Arnold, desperately wants the “bipartisan” label. The thinking is that a bipartisan super PAC has more “legitimacy” in the eyes of the press and American public.

To that end, the group has spent money attacking Republicans and Democrats. The group has gone after Republicans Bob Hugin in the New Jersey Senate race and Rep. Bruce Poliquin in Maine. On the Democrat side, P4AD has spent money attacking Sen. Tom Carper (D-DE) and Rep. Anna Schoo (D-CA).

The only problem? As NTK Network reported earlier this month, the Republicans P4AD is attacking are vulnerable or in tight races, while the Democrats are running “effectively unopposed,” according to new reporting by The Intercept.

P4AD is spending $10.8 million on seven races this cycle. In three of those, the group is going up against Republicans, spending enough money to potentially affect the final outcome and elect a Democrat. In the two races where it is attacking Democrats, P4AD is essentially throwing money away, since the incumbents have no real opposition in their general elections.

And in cases where the group is supporting candidates, the same rings true. P4AD is supporting Democrats in tight races and backing Republicans who have no chance of losing:

The group is also supporting a red-state Democrat in a tight Senate race for re-election, where the money will matter, as well as a House Republican with a 30-point advantage who doesn’t need the cash infusion.

P4AD’s true intentions became clear when they sat dormant during Carper’s surprisingly contentious primary fight earlier this year, but then jumped into the Delaware Senate race when the long-time incumbent was in the easily winnable general election. Now they’re spending $1.4 million in mail, digital, and TV ads against him.

In California, Eschoo’s chances of winning are 99.99 percent, according to FiveThirtyEight. Still, P4AD spent $500,000 pretending to oppose her candidacy.

Yet in every close contest, P4AD is propping up Democrats and attacking Republicans. The group spent $6.5 million going after Hugin, who is running against Sen. Bob Menendez (D-NJ) in a surprisingly close contest. One poll showed Hugin within six percentage points of Menendez, and just this week, Senate Majority PAC, the liberal super PAC closely associated with Sen. Chuck Schumer (D-NY), announced it would pour $3 million into the race to protect Menendez.

The group is also propping up Sen. Claire McCaskill (D-MO), who is fighting for her political life against Missouri Attorney General Josh Hawley.

Meanwhile, P4AD spent $713,365 against Poliquin, who is engaged in a close reelection campaign in Maine’s 2nd Congressional District.

Why go to all the trouble of attacking safe Democrats and bolstering safe Republicans? As The Intercept points out, John Arnold made his money as an executive at Enron and is now worth $3 billion. If he wants to pretend his super PAC is “bipartisan,” he has the funds to do so.

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