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Sheldon Adelson Gives $10 Million To Mitt Romney Super PAC

David Barnett
PoliticOlogy
3 Comments

The conservative billionaire and casino mogul Sheldon Adelson is donating $10 million to Restore Our Future, one of the super PACs supporting Mitt Romney. This constitutes the largest single donation to the campaign of the Republican presidential nominee.

|  Related: Mitt Romney To Flatten General Election Under One Billion Dollars  |

Early in the primary season, Adelson funneled money –reportedly $21 million – into Newt Gingrich’s flailing campaign, though Adelson stopped writing checks when it became obvious that Gingrich wouldn’t be able to secure his party’s nomination. Why would anyone give Gingrich any money, let alone a couple dozen million dollars? Perhaps this short video will answer that:

Gingrich wasn’t Adelson’s first bad choice. He recently contributed nearly $250,000 to Mr. Douche-Himself, Gov. Scott Walker, who just defeated Milwaukie Mayor Tom Barrett in the Wisconsin recall election.

Republican leaders have been waiting eagerly for Adelson to endorse Romney.
A self-described social liberal and economic conservative, Adelson is largely motivated by his support for Israel. Sources say that Adelson wanted to be sure about Romney's position on Israel before stepping forward to support his campaign.

Adelson has voiced his intentions to donate more than $100 million to conservative candidates and caucuses in this year’s election cycle. For future contributions, however, he plans to avoid media attention and controversy by donating to 501(c)(4) "social welfare" non-profits affiliated with political PACs, like Crossroads GPS, which are not legally obligated to reveal the names of donors.

|  Related: Romney Sees Obama's $60 Mil And Raises Him $77 Mil  |

It doesn't seem like Adelson is afraid of the notoriety associated with donating massive amounts of money to political campaigns. Rather, he seems worried the title he earned in his six-decade-long business career — casino mogul — will dim his influence in the political sphere. Adelson recently suggested that "the media's inevitable use of the phrase 'casino mogul' whenever his donations became public 'is not helpful to the person.'"

Whatever the case, Romney will certainly have to thank this casino mogul for his gifts.

 

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Follow on Ology: David Barnett | PoliticOlogy

Follow on Twitter: @blankbarnett  |  @OlogyPolitics

 

Comments (3)

Usmjp profile picture
Usmjp Politics: WHO WILL START a SUPER PAC to PROMOTE MARIJUANA LEGALIZATION CANDIDATES?

Cris Ericson, United States Marijuana Party, is on the official election ballot in Vermont Nov. 6, 2012, running against incument Bernie Sanders for the seat in the United States Senate.

http://usmjp.com

Cris Ericson on WNYT 2008 http://www.youtube.com/watch?v=Nzjpmkfpi8s

Cris Ericson 2010 and 2004 C-Span http://www.c-spanvideo.org/crisericson

Cris Ericson CCTV 2006, 2008, 2010 http://www.cctv.org/search/node/%22cris%20ericson%22
June 16, 2012
Anthony profile picture
Anthony Schneck: Couldn't agree more with Bison. When are we going to turn over the government to megacorporations? They are best equipped to make the hard decisions our country needs as we move forward into an uncertain future. If poor people were intelligent decision-makers, they wouldn't be so poor.
June 15, 2012
Bison profile picture
Bison Messink: I love the American political system these days, but the one thing that concerns me is I don't think there is enough money in the game. Maybe if we can elect Mitt Romney he'll be able to come up with some inventive ways of ceding more control of American politics to corporations and the super rich? I know I may be a little idealistic here, but if you don't spend any time dreaming of what can be, we're all going to be doomed to the status quo.
June 15, 2012