Pro-Obama super PAC outpaces GOP counterpart
Monday, October 22, 2012 - 10:28 Justin Sullivan/Getty Images Pro-Mitt Romney super PAC Restore Our Future doubled its monthly hall but was outraised by its pro-Obama counterpart Priorities USA Action for the second month in a row. Restore Our Future , a super PAC supporting Mitt Romney’s candidacy, doubled its fundraising total in September. It took in $14.8 million , but was still outraised by the pro-President Barack Obama Priorities USA Action , which raised $15.3 million for the month. The totals show a reversal of a trend — Republicans to date have fared better at raising money for outside groups, though Romney still has American Crossroads, a well-funded super PAC, and Crossroads GPS, a nonprofit, in his corner. Restore Our Future brought in $7 million in August. Most of the major super PACs had until Saturday at midnight to file monthly reports with the Federal Election Commission on September’s fundraising activities. Meanwhile, J. Joe Ricketts, whose conservative Ending ...
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The companies that spend the most on politics
With the U.S. presidential election heating up, 24/7 Wall St. decided to examine public companies’ political contributions in the current election cycle. The donations include monies given to political parties, candidates, and political action committees.
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Stealth spending on the rise as Election Day approaches
Thursday, October 18, 2012 - 13:45 Chip Somodevilla/Getty Images Romney campaign pins are on display for sale in the GOP gift shop during the third day of the Republican National Convention. The top two spending organizations taking advantage of the Citizens United decision are Republican backers. After the U.S. Supreme Court’s 2010 ruling that unleashed corporate and union spending on elections, there seemed to be a silver lining: the identity of those who fund all those annoying ads would be revealed to the public on a regular basis. It hasn’t quite worked out that way. Since Labor Day, spending by outside groups taking advantage of the high court’s Citizens United decision totaled a little more than $229 million, including unions. Forty-four percent of the total — $100 million — has come from non-disclosing, nonprofit corporations. The clearest example comes from the top two spenders. Both organizations are Republican backers. And they also happen to share the same ...
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The "spring break" president?
Wednesday, October 17, 2012 - 09:30 YouTube/Screenshot Obama is accused of spending too much time on frivolous activities in a new attack ad from a tea party group. “It’s time to put the adults back in charge,” says the narrator of a new attack ad from a conservative political action committee. “Sometimes Barack Obama seems to confuse being president with being on spring break,” he continues. “It’s time to retire the beer-summit, spring-break presidency.” The Campaign to Defeat Barack Obama released this new advertisement just after the end second presidential debate Tuesday night, which saw Obama continue his campaign’s theme of painting GOP presidential nominee Mitt Romney as out-of-touch and elitist. The ad takes the out-of-touch theme and turns it against Obama. The PAC’s ad notes that Obama has played more than 100 rounds of golf during his tenure. It also features clips of his “slow jamming the news” on "Late Night with Jimmy Fallon" and other ...
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Web video implies Biden 'on something' in debate
Monday, October 15, 2012 - 10:58 Alex Wong/Getty Images Americans for Limited Government, a non-disclosing nonprofit, released a Web video mocking Biden's debate performance. Americans for Limited Government , a well-funded, shadowy nonprofit that has released a series of videos attacking the administration of President Barack Obama, released a new one that implies Vice President Joe Biden was on drugs during last week’s vice presidential debate. The video has gotten few views on YouTube , but the group behind it, Americans for Limited Government, has considerable resources. The 501(c)(4) “social welfare” nonprofit is not required to publicly disclose its donors but in its 2010 tax filing , the most recent available, it reported revenue of $9.1 million. The group has also spent at least $1.4 million on election expenditures, according to the filing. Democrats praised Biden’s aggressiveness in the debate with GOP vice presidential nominee Rep. Paul Ryan of Wisconsin. Republicans ...
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