If these guys are looking for a repeat of the cash infused Wisconsin recall election, they need to know they have a much tougher opponent to deal with this time. True Democracy cannot be purchased…and true Americans would not attempt to do so.
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.
- How we could stop the Adelsons and their millions (dailykos.com)
- Billionaire Adelson: ‘Limitless’ $$ for Romney (blogs.ajc.com)
- The return of Sheldon Adelson (politico.com)
- Sheldon Adelson Gives $10 Million to Pro-Romney Super PAC (economicpolicyjournal.com)
- Romney starts ad wave; GOP PAC gets more cash (wcnc.com)