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Posts Tagged ‘GOP super PACs’

Las Vegas Sands Chairman and CEO Sheldon Adelson speaks at a news conference for the Sands Cotai Central in Macau Wednesday, April 12, 2012. (AP Photo/Kin Cheung)

HuffPost

Peter H. Stone

Posted: 06/16/2012 12:24 am Updated: 06/16/2012  2:06 am

WASHINGTON — Casino billionaire Sheldon Adelson, whose net worth makes him one of the world’s richest men, is on a check-writing spree that will soon bring his total political contributions in this election cycle to at least $71 million, according to sources familiar with his spending. That money is spread across the spectrum of GOP super PACs, which are required to disclose donors, and nonprofits, which are not.

Adelson and his wife, Miriam, along with other family donations, have already reached $36 million, including $10 million to the Romney-backing super PAC Restore Our Future that was reported this week. But two GOP fundraisers familiar with his plans say that Adelson has given or pledged at least $35 million more to three conservative nonprofit groups: the Karl Rove-linked Crossroads GPS, another with ties to billionaires Charles and David Koch and a third with links to House Majority Leader Eric Cantor (R-Va.).

Adelson, 78, is a staunch supporter of the Israeli right and a strong foe of American unions. In recent years, Adelson has been a major financier of GOP-allied groups, but has emerged this year as the consummate super donor in the wake of 2010 court rulings that permitted corporations, unions and individuals to supply unlimited amounts of money, sometimes anonymously, to independent groups that can advocate directly for candidates.

Adelson has told friends that he might give as much as $100 million in donations this year in support of GOP candidates and conservative issues. That target now seems easily within reach and could be surpassed, say the two GOP fundraisers with ties to the casino magnate.

Crossroads GPS — founded by GOP consultants Rove and Ed Gillespie in 2010 alongside the super PAC American Crossroads — could wind up as the major recipient of the casino titan’s largess, due to Adelson’s longstanding and close ties to Rove. Crossroads GPS has already received one $10 million cash infusion this cycle from Adelson, who, according to the two GOP fundraisers, recently committed to another donation of the same amount.

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Gawker-  By Mobutu Sese Seko

Feb 23, 2012  2:05 PM

The after effects of the Citizens United ruling shouldn’t shock anyone. Corporations were granted the ability to spend ungodly sums on campaigns, and guess what they’re doing?

They’re spending ungodly sums on campaigns.

There is one byproduct of this mess, though, that is unintentionally fun to observe: Americans get to watch billionaires hijack the election process like a bunch of shit-hammered uncles blindly destroying a pious family gathering we wanted to skip in the first place.

Currently, just five donors are controlling 25 percent of funds pouring into GOP super PACs. In the last week alone, faux cowboy Foster Friess made Rick Santorum’s “aaaiiiigh! intercourse!” campaign about aspirin and women’s knees, island builder Peter Thiel came to Ron Paul’s aid by upping his investment to $2.6 million, Sheldon Adelson gave Newt Gingrich another $10 million, and we learned that Mitt “I Like to Fire People” Romney has a huge backer in Frank “I Like to Sue Blogs out of Existence” VanderSloot.

(We won’t talk about VanderSloot here—because he likes to sue blogs out of existence—except to say that he looks like Alternate Universe Dick Cheney‘s opening-credits photo from Queer Eye for the Straight Guy. He’s the one who knows about wine and shaving brushes.)

In years past, we would never have met these guys. Even as far back as 2000, if you wanted to be a billionaire who ran a campaign, you actually had to be the one campaigning. Ross Perot set the standard in 1992, opening the door for men like Steve Forbes.

Forbes, unfortunately, demonstrated how troublesome rich-guy candidacy could be: Namely, he proved that being rich is proof of nothing other than being rich (his major life accomplishment was emerging from Malcolm Forbes’ wife), and wanting to keep being rich is a shitty platform for the 270 million-plus Americans who are not. In later years, we came to think of Forbes as “the creepy version of Rory Gilmore’s grandpa from The Gilmore Girls,” but in 1996 and 2000, it was obvious why he steered any question back to the need for a flat tax. That stuck out. Herman Cain perfected this failing greedheaded tax formula by replying, “Nine, nine, nine…” endlessly on the stump, like he was going through some celestial voicemail, begging for an operator to come on the line and tell him what Libya is.

What Citizens United has done, however, is create a formula for actual campaign surrogacy. Billionaires with two ideas (“I want to keep being a billionaire!” and “Something else!”) can remit funds to the person whose job it is to have all the other ideas. It’s great fun. We’re lucky to get the chance to meet these guys.

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