25% of super PAC money coming from 5 donors:
Five wealthy people, led by Dallas industrialist Harold Simmons and Las Vegas casino mogul Sheldon Adelson, have donated nearly $1 of every $4 flowing to the super PACs raising unlimited money in this year’s presidential race, a USA TODAY analysis shows.
(via ilovecharts)
Reblogged from ilovecharts with 82 notes / Politics USA Election 2012 Super PAC
The spending is leaving its mark on Florida, the site of today’s crucial GOP primary. Former Massachusetts governor Mitt Romney and his allies, especially the pro-Romney Restore Our Future, aired 12,768 television commercials in the state through Wednesday compared with 210 by former House speaker Newt Gingrich and his supporters, a study released Monday by the Wesleyan Media Project shows.
(source)
Interesting new tool by the digital folks at the Wall Street Journal. They’re tracking how much Super PACs are spending.
Reblogged from joshsternberg with 65 notes / Politics Super PAC
‘Super PAC’ for Gingrich to Get $5 Million Infusion
The supporter, Dr. Miriam Adelson, is the wife of Sheldon Adelson, a longtime Gingrich friend and a patron who this month contributed $5 million to the super PAC, Winning Our Future. Dr. Adelson’s check will bring the couple’s total contributions to Winning Our Future to $10 million, a figure that could substantially neutralize the millions of dollars already being spent in Florida by Mr. Romney and Restore Our Future, a super PAC supporting him.
Mr. Adelson’s initial check financed a barrage of negative ads against Mr. Romney in South Carolina, helping Mr. Gingrich to an upset victory in Saturday’s Republican primary there. But those attacks, which focused on Mr. Romney’s wealth and private equity career, also drew condemnation from many conservatives, who said Mr. Gingrich’s allies were undercutting free-market capitalism and amplifying class-warfare arguments being made by Democrats and Occupy Wall Street demonstrators.
Providing one rich white man with millions of dollars to assist in said rich white man getting a new job: because there is no better way to make use of that money.
