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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Goldman Sachs switches support to Romney
Tuesday, October 9, 2012 - 11:22 RICHARD A. BROOKS/AFP/Getty Images Goldman Sachs has long supported Democrats in the presidential contest. But not this year. Why Goldman and other Wall Street banks are throwing their support behind Mitt Romney. Goldman Sachs has long supported Democrats in the presidential contest. Goldman employees gave generously to then-Senator Barack Obama in 2008. But not this time. Goldman, along with the majority of people who work at big Wall Street banks, are backing former Massachusetts Gov. Mitt Romney instead. One big reason? Dodd-Frank. Banks initially opposed the federal government's 2010 regulation of the financial sector. Perhaps even more significant, however, was the sense that Goldman and other highly influential institutions suddenly seemed a little less influential in Washington. Accustomed to members of Congressional Financial Services committees coming in for office visits, and frequent telephone communication, under Obama's White House, communciation ...
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California contest tops outside spending in House races
Friday, October 5, 2012 - 10:05 YouTube/Screenshot Rep. Dan Lungren, R-Calif., has been hit by environmental groups for his support of increasing oil drilling. This ad from the Sierra Club highlights his votes. The U.S. House race between Republican Rep. Dan Lungren and physician Ami Bera in central California has already seen more outside money than any other House race, and with a new campaign from the nonprofit League of Conservation Voters Inc. , the money continues to pour in. The League of Conservation Voters Inc. reported spending nearly $382,000 opposing Lungren in California’s rejiggered 7th District this week as part of its “Flat Earth Five” campaign, which targets five Republican representatives for their denial of global warming. The $2 million campaign includes telephone calls to voters, direct mail and television ads in an effort to unseat Lungren and Republican Reps. Dan Benishek of Michigan, Ann Marie Buerkle of New York, Francisco Canseco of Texas and Joe ...
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