The Left Loves Dark Money

Over the weekend, the New York Times published a very disturbing article about the role left-wing "dark money" played in the 2020 campaign.  The headline says it all:  "Democrats Decried Dark Money.  Then They Won With It In 2020."

If you're not familiar with the term, so-called "dark money" is unregulated and undisclosed money spent by nonprofit organizations, much of it coming from corporations and billionaires, in ways that can influence elections.  In 2020, the left vastly outspent the right in dark money.

For example, the Times notes that one murky and secretive organization, the Sixteen Thirty Fund, received individual donations as large as $50 million, and spent more than $400 million in 2020 – more than the Democrat National Committee spent the same year!  And a significant amount of left-wing dark money went to former Never Trumpers who incessantly attacked conservatives. 

Dark money has become the major factor in American politics, and it's not going away anytime soon.  In fact, George Soros just pledged to spend 50% more this year than he spent in 2020.

While we're on the subject of money, the Black Lives Matter organization reportedly raised $90 million in 2020.  Much of it came from American corporations that couldn't wait to be seen as allies of the group, and they didn't even wait to do some basic due diligence.  If they had, they probably wouldn't have given millions to a radical Marxist organization.

Today, the BLM group has about $60 million in unspent funds, but no one seems to be in charge of the organization.  We do know that the organization spent $8 million last year to buy a 10,000 square-foot mansion in Toronto that once served as the headquarters of the Communist Party of Canada. 

Perhaps that's a smart investment.  The real estate market has been very hot lately.  Maybe they can renovate the property and flip it for a nice profit.  Or maybe they are trying to renovate the Communist Party of Canada.