September 21, 2012 |
WASHINGTON - In the escalating money race for the White House, Mitt Romney was supposed to have an advantage: a cavalry of outside groups that could collect unlimited sums and flood the airwaves with advertisements on his behalf. "Super PACs" such as the pro-Romney Restore Our Future and nonprofit groups like Crossroads GPS lambasted President Obama on air as early as last winter and will probably continue until election day. FOR THE RECORD: Campaign money: An article in Section A on Sept.
July 5, 2011 |
Likely fundraising front-runner Mitt Romney got an additional boost Tuesday when an outside group formed to support his campaign reported a $12-million haul for the first half of the year. Restore Our Future, a "super PAC" that can collect unlimited donations, was formed by several former Romney aides last year. "There is tremendous support across the country for Mitt Romney," the group's treasurer, Charlie Spies, said in a news release. "Americans are coming out in support of Gov. Romney because they are confident he has the experience to turn our economy around.
August 15, 2012 |
This post has been corrected. Please see note at the bottom for details. On Tuesday, the Obama campaign released a new Web ad touting its positive relationships within the world of electronic dance music. But over at Spin , noted dance-music critic Philip Sherburne points out that one side effect of the boom in EDM in Las Vegas casino-clubs is a windfall for at least one major Republican donor. Wynn Resorts Limited, which counts the Wynn and Encore hotels in its stable, has become one of the major players in EDM's conquest of Vegas.
September 9, 2011 |
Mississippi Gov. Haley Barbour, perhaps the most prodigious fund-raiser the GOP has ever seen, will be joining forces with politically powerful Crossroads groups, the independent campaign organization that helped tilt several congressional races to the GOP in 2010. In announcing his arrival, the organization also disclosed its plans to double its previously announced fund-raising goal for 2010, meaning it hopes to raise over $200 million. The news is yet another sign that independent political groups that can raise unlimited sums from corporate, individual and union donors will play a bigger role than ever in the upcoming election, possibly overshadowing traditional campaign and party organizations in some races.
July 13, 2011 |
The chairman of the Republican National Committee brushed off President Obama's record-fundraising announcement Wednesday, saying no amount of money can make up for the president's shoddy economic record. Reince Priebus, who inherited a national party machine deep in debt earlier this year, said despite the fact that Obama and the Democratic National Committee outraised all the GOP presidential contenders combined, there's little doubt that the eventual GOP nominee will be able to compete.
September 2, 2011 |
American Crossroads, the conservative super PAC co-founded by Karl Rove, pulled in $2.6 million in less than two months, fueled in large part by a single mega-donor. The group now has more than $5.6 million cash on hand, according to Federal Election Commission filings . All told, American Crossroads and affiliated group Crossroads GPS -- a nonprofit 501(c)4 that does not have to disclose its donors -- have raised nearly $25 million through Aug. 31, spokesman Jonathan Collegio said.
February 15, 2012 |
President Obama maintains that he's against allowing unlimited and sometimes undisclosed donations to pour into candidate "super PACs" this year, but authorized his own campaign to assist one supporting his reelection bid to avoid giving Republicans an unfair advantage. "My strong preference would be to completely eliminate that super PAC process," Obama told an interviewer at the White House Tuesday. "But we're not gonna just let a whole bunch of folks who are not only self-interested but aren't always disclosing what their contributions are to be able to simply purchase an election.
August 24, 2012 |
One of the largest conservative advocacy groups announced Friday that it was pouring an additional $6 million into television ads that explicitly call for President Obama's defeat, testing the limits on the political role of nonprofit social welfare organizations. Americans for Prosperity, which has been backed by the billionaire Koch brothers, said it planned to put as much as $27 million by the first week of September into commercials that expressly call for voters to deny Obama a second term.
October 20, 2010 |
American Crossroads, a conservative group founded by Republican strategist Karl Rove and other party leaders, has raised more than $24 million since it was started this year, including $8 million in the first 13 days of October. Reports filed Wednesday night with the Federal Election Commission shed some light on the group's funding sources. Major donations flowed by way of Texas, the reports show. Bob J. Perry, a Houston home builder known for financing the Swift Boat Veterans for Truth, contributed $7 million.