May 31, 2012, 5:55 pm EST
The rise of super PACs has had many consequences this election cycle. The unlimited money available to groups who support — but don’t collaborate with — candidates for office kept Newt Gingrich in the Republican nomination race far longer than many pundits thought possible, and has given Mitt Romney a fighting chance against the Obama campaign’s fundraising machine.
But it isn’t just the candidates that super PACs support and oppose being affected by these donations. Sometimes, it’s the donors themselves.
Several of the largest super PAC donors have found themselves under increased scrutiny from the media and both sides of the political divide for their largesse. A $1 million Romney super PAC backer found a story written about him once being wanted for criminal mischief after driving a photographer’s SUV into a pond. Other donors have said their businesses have suffered from being on a list Obama’s campaign compiled of the largest conservative super PAC donors. Some conservative web sites have even countered by posting their own lists of rich donors to Democratic causes. Read
May 30, 2012, 3:26 pm EST
With a win in the Texas primary last night, Mitt Romney quietly secured more than enough delegates to capture the Republican Party’s presidential nomination.
In a statement, Romney, who is currently campaigning in Nevada, said he was “honored” to cross the delegate mark.
Romney’s emergence as the GOP official candidate has not been in doubt since challengers Newt Gingrich and Rick Santorum dropped out of the race last month. However, party rules demand that the nominee win at least 1,144 delegates for the official vote at the GOP convention in August. Read
May 29, 2012, 5:44 pm EST
Perhaps stinging from President Barack Obama’s criticism of Bain Capital, Mitt Romney and his supporters are firing back with a new attack: the stimulus plan did not work.
Upcoming campaign events by Romney, along with videos from his campaign and from Romney-supporting political group American Crossroads, will attack the stimulus plan on several fronts. They will claim that the plan did not create jobs as advertised and was actually meant as earmarks for political and ideological reasons. Ultimately, Romney will argue the U.S. economy would have been better off without the stimulus.
Obama supporters, confronted with Romney’s charges, both credit the president with rescuing the economy from another Great Depression and say that Romney would have let Detroit’s automakers go bankrupt, failed to invest in clean energy, and done nothing to regulate Wall Street. Read
May 29, 2012, 12:53 pm EST
Everything’s bigger in Texas, the saying goes. Apparently, this also applies to citizens’ generosity in supporting the major super PACs.
A report from the Houston Chronicle‘s Texas on the Potomac blog revealed the state had given $36.5 million to the 20 largest super PACs. Nevada placed second among states in giving to the 20 largest super PACs, thanks primarily to the donations made by casino magnate Sheldon Adelson and his family on behalf of the Newt Gingrich-supporting super PAC.
By way of comparison, California and New York, who out-raised Texas in donations with campaign limits (primarily for candidates’ campaigns), lagged behind in super PAC donations. California raised $22 million for the largest super PACs, and New York raised $17 million. Read