G.O.P. Donors Showing Thirst to Top Obama
By NICHOLAS CONFESSORE and MICHAEL LUO
NYT
Close to 60 corporations and wealthy individuals gave checks of $100,000 or more to a “super PAC” supporting Mitt Romney in the months leading up to the Iowa caucuses, according to documents released on Tuesday, underwriting a $17 million blitz of advertising that has swamped his Republican rivals in the early primary states.
The filings to the Federal Election Commission, the first detailed look at a crucial source of support for Mr. Romney, showed his ability to win substantial backing from a small number of his party’s most influential and wealthy patrons, each contributing to the super PAC far more than the $2,500 check each could legally write to his campaign.
All told, the group, Restore Our Future, raised about $30 million from just 200 donors in the second half of 2011.
Millions of dollars came from financial industry executives, including Mr. Romney’s former colleagues at Bain Capital, who contributed a total of $750,000; senior executives at Goldman Sachs, who contributed $385,000; and some of the most prominent and politically active Republicans in the hedge fund world, three of whom gave $1 million each: Robert Mercer of Renaissance Technologies; Paul Singer of Elliott Management, and Julian Robertson of Tiger Management.
(More here.)
NYT
Close to 60 corporations and wealthy individuals gave checks of $100,000 or more to a “super PAC” supporting Mitt Romney in the months leading up to the Iowa caucuses, according to documents released on Tuesday, underwriting a $17 million blitz of advertising that has swamped his Republican rivals in the early primary states.
The filings to the Federal Election Commission, the first detailed look at a crucial source of support for Mr. Romney, showed his ability to win substantial backing from a small number of his party’s most influential and wealthy patrons, each contributing to the super PAC far more than the $2,500 check each could legally write to his campaign.
All told, the group, Restore Our Future, raised about $30 million from just 200 donors in the second half of 2011.
Millions of dollars came from financial industry executives, including Mr. Romney’s former colleagues at Bain Capital, who contributed a total of $750,000; senior executives at Goldman Sachs, who contributed $385,000; and some of the most prominent and politically active Republicans in the hedge fund world, three of whom gave $1 million each: Robert Mercer of Renaissance Technologies; Paul Singer of Elliott Management, and Julian Robertson of Tiger Management.
(More here.)
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