Rick Santorum's exit from the GOP primary race means the super PAC money that kept his presidential bid alive will now likely be spent on anti-Obama attack ads.
Friends of Traditional Banking wants to target a few close Congressional elections rather than spreading their money around to a lot of politicians hoping they'll vote in their interests.
Super PACs are not allowed to spend the millions they take in on campaign organizations. Some cash-rich Super Tuesday candidates were so organization poor they couldn't collect enough signatures to get on ballots in all ten states.
Unlimited political campaign donations from super PACs are keeping struggling GOP candidates like Newt Gingrich in this year's presidential primaries longer than they might have survived in past elections.
Republican presidential candidates are spending millions on the state's airwaves. But those ads are more and more often not being paid for by official campaigns but by giant political action committees — super PACs.
Wealthy donors who contribute to political campaigns get lots of media attention — but not nearly as much attention is paid to how that money gets spent.
