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22 Feb 2012 15:48

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Politics: Meet the billionaires funding the 2012 Republican primary season

  • five donors find themselves in the spotlight: Texas billionaire Harold Simmons, casino moguls Sheldon and Miriam Adelson, Paypal co-founder (and Facebook investor) Peter Thiel, and Houston home-builder Bob Perry
  • $30.4 million donated by the five people, the largest donations going to the Super PACs Winning Our Future and Endorse Liberty; however, American Crossroads leads the pack with $15 million collected source
  • » A massive financial mind share: That’s almost $1 out of every $4 collected by all super PACs this election cycle, and certainly seems to explain exactly how we ended up with the remaining crop of Republican candidates that we have. Bob Perry is a former Tim Pawlenty supporter who switched to Team Romney with a $1 million dollar donation, while the Adelsons — who are ready to boost their support for Winning The Future from $10 million to $20 million — have provided the lifeblood of the Gingrich campaign. Of the remaining four candidates, only Rick Santorum finds himself without support, via Super PAC donations, from one of these five wealthy conservatives.

22 Oct 2010 23:13

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Politics, U.S.: Old Karl Rove, meet New Karl Rove

  • Things that weaken the parties and place the outcome of elections in the hands of billionaires who can write checks and political consultants who can get themselves hired by billionaires who write the checks, give me some concern.
  • Karl Rove in 2004 • Denouncing the rise of independent 527 groups and their influence on that year’s election. In March of this year, Rove founded his own 527 group, American Crossroads, to fund conservative candidates. In June, he co-founded an offshoot group that allows its donors to remain anonymous. source