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Thursday, December 15, 2011

The Billionaire's Candidate: Billionaire Casino Magnate Commits $20M to Pro-Gingrich Group

The Politico reports:

Casino magnate Sheldon Adelson is planning to direct $20 million to an outside group backing Newt Gingrich’s presidential campaign, multiple sources told POLITICO — the first answer to urgent pleas from allies to the former speaker’s longtime billionaire supporters.

After leaving Congress, Gingrich cultivated a network of a few dozen Ă¼ber-wealthy backers who poured tens of millions of dollars into a network of groups that helped him maintain a foothold in politics. Now, operatives supporting his presidential campaign are asking those same donors to write fat checks to a suite of new super PACs they hope can spend big on ads to offset Gingrich campaign fundraising that had lagged behind his rivals’.


Sources with direct knowledge of the $20 million figure, who requested anonymity, told POLITICO that Adelson planned to cut a check to one of the PACs as soon as this week.

A major contribution from Adelson would enable the recipient group to start airing ads in Iowa to counter a weeklong anti-Gingrich on-air assault that is already taking a toll on his front-runner status in the Hawkeye State, according to private and public polling.

Hat tip: Memeorandum

Newt Gingrich: will he speak for the American people or for wealthy, well-connected, special interests who fund his campaign of misdirecting people from his past record and statements with casino money?

Wes Messamore,
Editor in Chief, THL
Articles | Author's Page

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