SMRs and AMRs

Thursday, September 01, 2011

Rick Perry’s donors fare well, Texas-style

By Carol D. Leonnig,
WashPost
Thursday, September 1, 6:33 AM

Just before Labor Day weekend, two San Antonio multi-millionaires will co-chair a $25,000-a-couple country club fundraiser for Republican Gov. Rick Perry, an event meant to persuade business leaders beyond Texas to help their friend win the White House.

Texas business legends Peter Holt, owner of the San Antonio Spurs, and Billy Joe “Red” McCombs, an auto and real estate magnate and former sports team owner, are typical of the large campaign donors who helped Perry raise more cash than any Texas governor. Together, these two men with diverse business interests personally donated more than $936,000 to Perry’s campaigns, in a state that does not limit the amount individuals can donate to local politicians.

Perry’s ability to raise $102 million in his gubernatorial campaigns from this network of wealthy Texans has helped him position himself as a leader in the Republican presidential field. Veteran campaign hands say that in national fundraising, Perry must lean heavily on this old network while expanding it beyond Texas.

He also will have to deal with mounting criticism that his administration has rewarded large donors with favors that have enhanced their personal and business interests. Public interest groups contend that the linkage is too strong to be explained by the business-friendly climate that Perry has worked hard to create.

(More here.)

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