Holding Politicians Accountable

Posts tagged plutocracy

3 notes

“Forbes has confirmed that billionaire Sheldon Adelson, along with his wife Miriam, has donated $10 million to the leading Super PAC supporting presumptive Republican presidential nominee Mitt Romney–and that’s just the tip of the iceberg. A well-placed source in the Adelson camp with direct knowledge of the casino billionaire’s thinking says that further donations will be ‘limitless.’” (Forbes)

“Forbes has confirmed that billionaire Sheldon Adelson, along with his wife Miriam, has donated $10 million to the leading Super PAC supporting presumptive Republican presidential nominee Mitt Romney–and that’s just the tip of the iceberg. A well-placed source in the Adelson camp with direct knowledge of the casino billionaire’s thinking says that further donations will be ‘limitless.’” (Forbes)

Filed under plutocracy sheldon adelson auction2012

1 note

The ties between Romney’s campaign and his super PAC are well documented and this example shows the fiction of contribution limits and the dominating role big money plays in our elections. Romney personally knows big donors like Adelson and there is no question that they’ll expect a big return on their investment if he wins.
David Donnelly, Public Campaign Action Fund Executive Director, on reports that casino mogul Shel Adelson is giving $10 million to the Romney-aligned super PAC.

Filed under plutocracy billionaires sheldon adelson mitt romney

0 notes

USAdelson

Politico:

Sheldon Adelson is back on the market with talk of giving at least $1 million - and possibly much more - to the Mitt Romney-affiliated super PAC Restore Our Future, POLITICO has learned.

Romney sat down with the casino mogul for 45 minutes at his Venetian Resort in Las Vegas last week before Restore Our Future held a fundraiser there.

This week, Rudy Giuliani and veteran operative Arthur Finkelstein met with Adelson in New York to discuss the possibility of a new super PAC they’re considering starting to help the GOP capture the Senate.

Adelson’s affections — and his cash — have been in demand since the end of Newt Gingrich’s presidential campaign, which was propped up by $21 million from his family. Also in the hunt: Karl Rove, who has been in periodic contact with Adelson, who reportedly committed to making a multimillion-dollar donation to either the non-profit group Crossroads Grassroots Policy Strategies or its super PAC cousin American Crossroads.

Filed under Shel Adelson plutocracy billionaires auction2012

6 notes

The Center for Responsive Politics reports today that outside spending on the 2012 election has reached the $100 million mark. And that money isn’t coming from regular people. As Paul Blumenthal reported recently: “At the end of January, there were 59 donors who had given $500,000 or more to at least one super PAC. These donors, whose contributions total $80.12 million, accounted for 61 percent of all contributions to super PACs. Contributions from donors giving over $100,000 — $111.1 million in total — account for 85.5 percent of all super PAC donations.” Elections of, by, and for the wealthiest Americans.

The Center for Responsive Politics reports today that outside spending on the 2012 election has reached the $100 million mark.

And that money isn’t coming from regular people. As Paul Blumenthal reported recently:

“At the end of January, there were 59 donors who had given $500,000 or more to at least one super PAC. These donors, whose contributions total $80.12 million, accounted for 61 percent of all contributions to super PACs. Contributions from donors giving over $100,000 — $111.1 million in total — account for 85.5 percent of all super PAC donations.”

Elections of, by, and for the wealthiest Americans.

Filed under super PACs plutocracy 2012 election campaign finance