Am I missing something in that quote?
Once again this week, independent-expenditure-only “Super PACs” disclosed their donors for the month of January 2012. A ThinkProgress analysis of these new filings and previously available data reveals that 19 wealthy donors have already given a million dollars or more each, combining to funnel $46.75 million to Republican-allied Super PACs so far this cycle.
It comes as little surprise that this list is dominated by financial sector investors (8), energy and chemical producers (4), and real estate developers (3). All are white. Only one, the wife of casino tycoon Sheldon Edelson, is female. The Obama administration has backed financial sector consumer protections and environmental regulations unpopular with big Wall Street and big energy.
The 19 donors’ contributions accounted for about 53 percent of the $88.2 million combined receipts for those committees. Here are the 19:
|Harold Simmons/Contran Corp.||$14.1M||Chemicals|
|Sheldon Adelson||$5M||Casinos and hotels|
|Miriam Adelson||$5M||Casinos and hotels|
|Bob Perry||$3.5M||Real Estate/Construction|
|Jon Huntsman Sr.||$2.2M||Chemicals|
|Jerry Perenchio Living Trust||$2M||Media|
|Robert B. Rowling||$1.1M||Energy|
|Rooney Holdings Inc.||$1M||Real Estate/Construction|
|Whiteco Industries||$1M||Real Estate/Construction|
|F8 LLC (Jeremy Blickenstaff)||$1M||Finance/Investment|
|Eli Publishing (Steve Lund)||$1M||Cosmetics|
These donations went to Super PACs backing GOP hopefuls Newt Gingrich (Winning Our Future), Ron Paul (Endorse Liberty), Mitt Romney (Restore Our Future), Rick Santorum (Red, White & Blue), backing former candidates Jon Huntsman Jr. (Our Destiny), Rick Perry (Make Us Great Again), and Republican candidates in general (American Crossroads).
To equal just their Super PAC contributions, political campaigns would need to collect more than 18,000 checks for $5,000 — the individual limit. Republican strategist Christopher LaCivita told the New York Times that these super donors are “serious business tycoons.” And these serious business tycoons are seriously overwhelming the political system with their contributions.
- ‘Super PACs’ boost US race funds (bbc.co.uk)
- Sheldon Adelson, Casino Mogul, May Give Up To $100 Million To Newt Gingrich – Huffington Post (huffingtonpost.com)
- The Loyal Opposition: Sheldon Adelson Opposes Wealthy People Influencing Elections (loyalopposition.blogs.nytimes.com)
- Super PACs and Wealthy Donors Thumb Their Noses at Democracy (themoderatevoice.com)
- Gingrich’s Rich Guy: The Rich Shouldn’t Sway Elections (newser.com)