So Adelson has pledged to spend by himself the total amount of the 2004 Kerry campaign which at the time would have been a record-it was more than any previous campaign had ever raised though it would be only second place that year.
"In recent days, Mr. Adelson, a billionaire casino owner, and his wife, Dr. Miriam Adelson, gave $10 million to Restore Our Future, a “super PAC” backing Mitt Romney, people with knowledge of the contribution said Wednesday. The move leaves the Adelsons by far the most prolific campaign donors in the country."
"All told, they have given at least $35 million to pro-Republican super PACs during the 2012 campaign, along with several hundred thousand dollars’ worth of $2,500 checks directly to federal candidates. That is more than twice as much money as the closest competitors for the title, the conservative Texas billionaire Harold C. Simmons and his wife, Annette, making Mr. Adelson a uniquely powerful force in the annals of presidential politics."
In 2008 the Dems had finally licked the GOP in fundraising and going into this season it was thought Obama would win the fundraising wars again. However that Citizen's United was a real GOP boon.
Obama had initially said he wouldn't take any Super Pac money. He has since reversed himself but evidently it's too late.
"In the wake of court rulings and other actions that have largely deregulated the campaign finance system, wealthy donors and corporations are planning to pour hundreds of millions of dollars into this year’s presidential and Congressional elections, mostly in support of Republicans."
"The cascade of money has left President Obama struggling to keep up, with few Democrats willing to write multimillion-dollar checks to super PACs, in part because many of them object to the existence of super PACs in the first place."
This is the double bind. You may oppose the existence of nuclear weapons but in a world where many countries do can you eschew them forever?
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