Archive for super pacs

Casino company headed by GOP donor Sheldon Adelson says it "likely" broke bribery law

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As you may recall, Sheldon Adelson and his wife donated nearly $92.8 million to outside political spending groups (including $23 million to Karl Rove's super PAC American Crossroads), per the Center for Responsive Politics. First he backed Newt Gingrich's failed campaign for president, and then Willard Romney's. No one else even came close in terms of trying to buy influence.

And as you also may recall, Adelson is the 12th-richest American, with his wealth estimated at $20.5 billion. So all those donations were a mere drop in the bucket for him. According to this Wall Street Journal report, he plans to spend even more the next time around. If at first you don’t succeed, buy, buy again.

You may also recall that Adelson, who is under DOJ investigation, said President Obama would go after him, but Romney wouldn’t. Why is he in legal hot water?

The Las Vegas Sands Corp., controlled by Romney donor Sheldon Adelson, is the target of a U.S. money-laundering probe.

Company of Newt Gingrich’s big donor, Sheldon Adelson, has alleged ties to bribes, Chinese mob.

Now, per the L.A. Times, the casino company Sheldon McBigBucks heads admits to "probably" breaking the law:

The Las Vegas casino company headed by high-profile Republican donor and billionaire Sheldon Adelson said it probably violated a federal law that prohibits the bribery of foreign government officials.

Las Vegas Sands Corp. said its auditors found that "there were likely violations" of the Foreign Corrupt Practices Act, which bars Americans from bribing foreign officials to secure an advantage. The disclosure was made in a filing Friday with the Securities and Exchange Commission. [...]

Adelson's company said it did not expect the findings to materially affect its finances or force it to restate financial results.

It must be nice to have enough money to buy your way out of legal problems and into political access and election outcomes.

Rachel Maddow does her usual great job of putting the complicated Sheldon Adelson-related story in context:

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Hopelessly over-optimistic wishes for 2013

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wishful thinking fingers crossed smaller

Every January 1st,  the L.A. Times has a tradition of posting a list of their wishes, many which coincide with my own. Most never get fulfilled, some get partially granted, and others come true.

Here are a few samples from this year's "over-optimistic" wishes and hopes. Last year, five of their 27 dreams came true. This time the Times includes wishes for:

The almost unimaginably tragic deaths of 20 elementary school children and six adults at Sandy Hook Elementary School in Connecticut — at the hands of an emotionally disturbed young man armed with an arsenal of weapons — to finally prove the catalyst for action rather than just words when it comes to meaningful gun control legislation.

The IRS and the Federal Election Commission to put a stop to special-interest groups making a mockery of campaign finance laws by collecting and spending huge donations anonymously through PACs disguised as charities.

The U.S. Supreme Court to strike down Proposition 8 once and for all, eliminating the ban on same-sex marriage in California. While they're at it, the justices should do away with the section of the federal Defense of Marriage Act that denies federal benefits to same-sex couples who are legally wed in their home states.

Further progress in extricating U.S. military forces from Afghanistan, so that the U.S. and its allies can transfer responsibility for security to Afghan forces even earlier than the projected 2014 deadline.

The Supreme Court to reaffirm the constitutionality of Section 5 of the Voting Rights Act, which requires states with a history of racial discrimination to clear changes in their election procedures with the Justice Department or a federal court.

Congress to hammer out a plan to overhaul the nation's dysfunctional immigration system that would provide a path to citizenship for the 11 million people who are already here illegally and also provide for enforcement of immigration laws at the workplace and along the border.

Congress to treat problems as problems, rather than opportunities to push the nation to the brink. Enough with the "fiscal cliff" and debt-ceiling crises. How about some genuine commitment to solving problems?

An end to congressional threats to defund Planned Parenthood.

More at the link.

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Mitt Romney’s playing field is experiencing shrinkage

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As has been reported, for now at least, Republican super PACs have pulled their resources from Michigan and Pennsylvania. At first I saw that as good news for Team Obama, but then I wondered if the Romney campaign will just blitz those states in the future. I'm no strategist or expert in these things, so your guess is as good as mine.

And of course, I am always wringing my hands over voter suppression, which could keep hundreds of thousands from the polls.

Jonathan Chait offers some encouraging insight, but I'm still only cautiously optimistic at this point:

Romney is targeting eight states: Nevada, Colorado, Iowa, Ohio, Florida, North Carolina, Virginia, and New Hampshire. No Wisconsin, Michigan, or Pennsylvania. This is surely not because Romney is husbanding scarce cash.  [...]

The reason this looks worrisome for Romney is that he’s pursuing an electoral-college strategy that requires him nearly to run the table of competitive states. ... If you play with the electoral possibilities, you can see that this would mean Obama could win with Florida alone or Ohio plus a small state or Virginia plus a couple small states, and so on.

Unless I’m missing something badly here, Romney needs either a significant national shift his way — possibly from the debates or some other news event — or else to hope that his advertising advantage is potent enough to move the dial in almost every swing state in which he’s competing.

Or else to hope that disenfranchising voters will achieve what his money can't.

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Conservative Super PACs Pull Michigan Ads

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Giving up Michigan at this point? Shades of McCain/Palin. I like. They do have a couple more "homes states" at least. Via Taegan.

Mitt Romney's conservative allies are "bypassing Michigan with their advertising while stepping up efforts in other battleground states -- suggesting campaign strategists don't believe his road to the White House leads through his native state," the Detroit News reports.

"The pro-Romney groups American Crossroads and Americans for Prosperity are pouring nearly $13 million into advertising in key states, indicating they remain eager to lend considerable financial muscle to Romney in states viewed as truly competitive."

Added- Oh my.


Pro-Romney ads not running in Michigan, Pennsylvania

CHARLOTTE -- If ad strategies are any guide, things look pretty good for President Obama right now in Pennsylvania and Michigan.

Republican candidate Mitt Romney and conservative groups that back him aren't running ads in those big states, which GOP aides have had high hopes for, according to local news reports.

Instead, the Republican challenger and allies are focusing on other battleground states, all of which President Obama won in 2008: Colorado, Florida, Iowa, Nevada, New Hampshire, North Carolina, Ohio, Virginia and Wisconsin.

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Romney, supporters buy $15.6 million in ads

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Doesn't it seem like all this cash flying around should stimulate the economy? Just amazing.

Washington (CNN) – The major Republican super PAC American Crossroads will hit the airwaves Friday with a new ad that aims to defend Mitt Romney and his record against the onslaught of attacks by the Obama re-election team. This comes as Romney's campaign has bought its largest amount of ad time this general election season.

Crossroads said it is buying $9.3 million of broadcast television and internet advertising for their commercial. Romney's campaign bought approximately $6.3 million for ad time, according to a Democratic source tracking ad buys.

(snip)

Romney's campaign bought approximately $6.3 million for commercial time that began Tuesday and will run for a week, according to the Democratic source.

The buy breaks down this way:
Colorado: $600,000
Florida: $1.3 million
Iowa: $500,000
Nevada: $500,000
New Hampshire: just under $100,000
North Carolina: $700,000
Ohio: $1.4 million
Iowa: $500,000
Virginia: $1.2 million

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VIDEO: Hey Dems, time to donate, because as of now President Obama is the "outspent underdog incumbent"

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Visit msnbc.com for breaking news, world news, and news about the economy

"Whether or not President Obama is able to overcome that, that great disparity... benefiting the Republicans is also gonna have implications down the ticket in the congressional races. Who controls Congress?

"The money makes a really big difference. In 2010, whatever else was going on in the country when the Republicans too back control of the House of Representatives in 2010, it is not incidental to note that the Republicans also outspent the Democrats that year by a two-to-one margin.

"It matters! If Republicans can repeat that feat this year, then the sky's the limit for them in terms of Congress. They likely win control of Congress, I would venture a guess, regardless of what happens in the presidential race."

Please donate here or here.

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Cartoons of the Day- Happy Fourth of July!

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Again, just loads of good ones to choose from today. Top one is what my house is like, doubled. Via.

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