Billionaires on TV

Speaking of Scott Peters, more TV backing for him funded by Wall Street hedge-fund operator James Simons is in the pipeline. Disclosure records made public by NBC television affiliate KNSD show that the so-called House Majority super PAC recently purchased 238 30-second spots for $159,250, to run from September 29 through November 3.

The liberal billionaire is the largest donor to House Majority this election cycle, kicking in a cool $1 million. Big labor has also given substantially. Though the KNSD documents don’t mention it, the PAC has not made a secret of targeting GOP congressional candidates, including Republican ex–San Diego city councilman Carl DeMaio, the Peters foe who is a favorite of the billionaire anti-union Koch brothers of Wichita, Kansas.

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Matt, When I first saw your lead on "Billionaires on TV," I thought sure you were writing about the recent TV ads for Koch Industries and how they are doing so much to ensure a better life for us all. Those leeches are out to take over the political landscape, and as long as victory goes to the highest bidder, they will probably win. We've got to get out of this "the best government money can buy" mentality.

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