Mon, May 28, 2012, 5:04 AM EDT - U.S. Markets closed for Memorial Day

Big change in '12: Big GOP money from 'super PACs'

Big money for the GOP race _ 'super PACS' sometimes are spending as much as the candidates

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WASHINGTON (AP) -- Dubbed "super PACs" and flush with millions of dollars, outside groups backing and attacking Mitt Romney and Newt Gingrich include a hotel magnate, a casino mogul and former partners at Romney's private equity firm. They're all over the airwaves in the early voting states, at times spending as much as the Republican presidential candidates themselves.

The names of these super political action committees — "Winning Our Future" and "Restore Our Future," for example — don't give any clues to the average voter who's behind them. And though big money has always been a part of big elections, this year's efforts are something new, a result of major court rulings easing spending limits by groups not directly linked to the candidates.

In many cases, donors' names will remain a mystery for at least weeks longer. But some are known.

Last week, the pro-Gingrich Winning Our Future PAC received $5 million from Las Vegas billionaire Sheldon Adelson. The group is expected to use the cash for new television advertisements in this month's primary elections — $3.4 million of it in South Carolina — as the former House speaker tries to overtake front-runner Romney in the race for the GOP nomination.

The group said Sunday it was planning to run a half-hour film assailing Romney's tenure at the investment firm Bain Capital. Adelson is one of wealthiest people in America, and his huge contribution coincides with tough comments by Gingrich in support of Israel, a signature issue of Adelson's. Gingrich in December said that Palestinians were an "invented" people, and he has warned about the consequences of Iran developing nuclear weapons, an important issue to Israel.

The film and expected ad purchases by Winning Our Future are the latest salvos in support of Gingrich, who was hammered by the pro-Romney group, Restore Our Future, with $3 million in attack ads during the Iowa caucuses. That Romney-boosting group is planning at least $2.3 million in South Carolina.

It's a sign that ad spending among super PACs is ramping up dramatically. Some outside groups, such as GOP-leaning American Crossroads, are largely holding off spending until the general election.

The latest help for Gingrich is a timely boost for the candidate, whose campaign only months ago reported more than $1 million in debt. The aid is largely thanks to Adelson, the head of the Las Vegas Sands Corp.

Gingrich's major campaign support by longtime allies isn't unique. While a casino mogul has come to his aid, so have venture capitalists for their old boss, former Massachusetts Gov. Romney.

Restore Our Future, run by former Romney adviser Carl Forti, raised more than $12 million during the first half of 2011, bolstered in part by former Bain executives and Romney friends. Edward Conard, a Bain vice president who sat on the boards of several of the firm's companies, gave $1 million in April — a donation that was initially credited to a short-lived corporation that Conard set up. Bain managing director Paul Edgerly and his wife, Sandra, gave $500,000 each in May.

The PAC also received $500,000 from Marriott International Inc. CEO J.W. Marriott Jr. and Marriott's brother, Richard, the chairman of Host Hotels and Resorts. Romney, whose first name is Willard, was named after the Marriotts' father, who was close friends with his own father, George Romney. Mitt Romney also served for years on Marriott's board of directors.

The CEO of New York hedge fund Moore Capital Management, Louis Moore Bacon, also gave $500,000.

Other contributions have been more opaque. Campaign finance records show Restore Our Future received $1 million checks apiece from Eli Publishing Inc. and F8 LLC, both registered to the same address in Provo, Utah. Eli Publishing is registered to Steven Lund, a founder of Nu Skin Enterprises, which was a sponsor of the very Salt Lake City Olympics that Romney organized.

Other super PACs, including Rick Perry-leaning Make Us Great Again, have also spent millions of dollars in Iowa and South Carolina this primary season. Even the Red, White and Blue Fund, supportive of Rick Santorum, has already spent $200,000 in South Carolina and is expected to spend more.

Scores of contributors to all the groups will remain secret until Jan. 31, when some of the super PACs are required to report their finances to the Federal Election Commission. That's after the New Hampshire and South Carolina primaries — and the same day as Florida's primary — essentially leaving voters in the dark about who might be influencing campaigns for the White House.

The heavy influence of super PACs has been in line with what political operatives and campaign-finance watchdogs have long anticipated this election, following a handful of federal court cases — including the Supreme Court's Citizens United ruling in 2010 — that stripped away some limits on campaign contributions. The new super PACs can't coordinate directly with campaigns, but many of them that are active in this election are staffed by longtime supporters of the candidates.

Campaign finance watchdogs have long criticized the super PAC donations. Democracy 21 President Fred Wertheimer has said big-dollar donations have been arranged in a manner to circumvent federal disclosure laws. The PACs, for their part, say they're simply following established rules and exercising their free-speech rights.

____

Follow Jack Gillum at http://twitter.com/jackgillum

 

72 comments

  • Say it like you see it  •  4 months ago
    The elitists of the world are buying our elections. They are using corporate monies without the small shareholders approval and then using their owned or controlled media to convince the masses to vote for their puppets. This is how they get their legislative agendas passed. Vote RON PAUL !!!
    • gimme_proof 4 months ago
      I agree with your statement entirely, but I fail to see how Ron Paul offers a solution. In fact the more I hear, the more I wonder whether he's really libertarian.

      There are bound to be conflicts aming rights in the Constitution, but Paul seems to value the right to property above the right to life and liberty. THat's what he's telling us when he says that he wouldn't support the anti-segregation laws if they interfere with property rights.

      For a real libertarian, individual rights (life and liberty) should trump property when the conflict occurs. I combine this with some of the articles appearing in magazines to which he has lent his name, and I wonder if there isn't something more here. Remember that states' rights and property rights were use for ver half a century to support segregation and racism.

      I could even accept (with some revulsion) the proposal that someone who chose not to get healthcare insurance should be allowed to die, but how do you justify denial of life and liberty of one person, because it prevents another from exercising his property rights. There will always be conflicts between Constitutional rights, but in this case he came down on thw wrong side. For a true libertairian, human rights must come first.
  • BOJB12  •  4 months ago
    Imagine all those (Rep and Dem) SuperPACs feeling patriotic and donating all those millions to pay off our nation's debt ! Just imagine that ! Does that at least feel good dreaming of it?
  • KingT  •  McKinney, Texas  •  4 months ago
    G_d I wish I was rich, then I could get the laws changed so they only favor me!
  • Chuck  •  4 months ago
    "The superior man seeks what is right; the inferior one, what is profitable." — Confucius
  • Stupid Monkey  •  Fayetteville, Georgia  •  4 months ago
    So this is what the Supreme Court says the constitution says huh ?? What happened to By the people , for the people ?? So it is whoever has the most money and tells the best story , even if that truth is all lies ?? DANG !! What have we allowed America to become ??
  • Mike  •  Washington, District of Columbia  •  4 months ago
    We have a supreme court who favors corporations over people. Our system is complete broken when corporations can determine the outcome of politicians. Soon, we'll have foreign corporations and government determining the fate of elected officials. Very sad!!
  • DALE  •  4 months ago
    This simply goes to show that we have reached the point that when it comes to elections we are no better than most third world countries. We just use money instead of guns.
  • bill  •  Pleasanton, California  •  4 months ago
    After eight horrible years of Bush/Cheney, I don't see how a republican can take back the white house anytime soon!
  • Mark  •  Pensacola, Florida  •  4 months ago
    Democrats and Republicans agree that trickle down economics through big Government or big Business does not work. Eliminate the middle man and hand the voters cash for their vote.
    Sad but true!!!
    • Barry 4 months ago
      Ron can have mibne for free,,,I'd actually pay him to take it.
  • Taco Bill  •  Roslyn, New York  •  4 months ago
    According to the Supreme Court Corporations and Super Pacs are people too! Does that mean that they can marry? How does one discern the gender of a corporation? Does a Super PAC have the right to get an abortion? Did the founding fathers believe that the words "We the People" included corporations? IMHO - The Supreme Court decision was nothing more than the legalization of anonymous political bribery pushing the American people further away from honestly choosing those who represent them.
    • Barry 4 months ago
      They re-wrote it to WE OWN THE PEOPLE!
  • jll  •  Houston, Texas  •  4 months ago
    Cash is king in capitalism --- the "Golden Rule" of capitalism, where, 'He who has gold, rules.'
  • A Yahoo! User  •  Hugo, Colorado  •  4 months ago
    This is why the average person counts so little after election, politicians have to pay back the favors.
  • Rh  •  4 months ago
    More important than ever before that every citizen votes. And pays attention to the efforts in Congress to stop the Supreme Court's Citizens United ruling that "corporations are people." Urge your congress members to vote for that legislation!
    • Enough already 4 months ago
      Yes - let's stamp out the FIrst Amendment. It's only fair if your side gets a voice!
    • James 4 months ago
      Hello???? unions = corporations, just a different name
    • Rolling Thunder 4 months ago
      I'm not quite sure from your statement what you are advocating, but corporations are certainly not people. (And you may be saying that) Corporations are entities. I don't even think they should be taxed at all, but rather, on the personal level as profits are distributed through stocks, income, etc. Corporations are set up to specifically be separate from people. People die. Corporations live on, beyond the lifespan of stockholders, etc. Corporations are a public entity, and people make a big mistake when they attempt to personalize them.
  • OneMc  •  Longmont, Colorado  •  4 months ago
    I'll be putting out a yard sign.
  • ZATZRIGHT  •  4 months ago
    YOU CAN THANK THE KANGAROO SUPREME COURT THAT FAVORS CORPORATIONS OVER PEOPLE MENTALITY. THE SAME AS THE MITTSTERS'S
  • IBLucky4U2  •  Miami, Florida  •  4 months ago
    "Some outside groups, such as GOP-leaning American Crossroads" GOP Leaning? Those guys are right of Rush Limbaugh.
  • Don  •  Dallas, Texas  •  4 months ago
    We have the best government money can buy.
  • Barry  •  4 months ago
    Ooowweee Not so deep please it hurts!
  • Big Ed Sr.  •  Mission, Kansas  •  4 months ago
    If the biggest gripe about unions is about them spending money without the permission of their members, why don't these super-pacs have to get the shareholders permission to do the same? Oh, I forgot. The corporations have already bought and paid for their slaves in congress and the supreme court. I also wish just one of the republicans posting here would show me where in the constitution it equates money with speech. You scream that you want the constitution followed to the letter as it was written, so why aren't you screaming at the top of your lungs now? NOWHERE in the constitution does it say that money is the same as speach. That is how our ACTIVIST supreme court ruled, so why aren't you screaming now......
  • Ron in NC  •  4 months ago
    We are fortunate to live in the USA with the best political system that $$$$ can buy.........groups sactioned by our Supreme court that allows special interest groups to protect themselves from those radical liberals that actually think we need roads, schools, clear air/water and want to have access to affordable health care.......... communist radicals!
 
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