Democrats Can’t Find Donors to Match Adelsons, Kochs

Thursday, 19 Jul 2012 01:15 PM

By Newsmax Wires

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
While Republican super PACs and other outside groups are on track to spend more than $500 million on behalf of Republicans in this election cycle, Democrats are lagging behind.

Leading the way for Republicans are hotel/casino titan Sheldon Adelson, who with his family has given more than $40 million this year, and Charles and David Koch, owners of an industrial conglomerate.

But Democrats have been unable to find anyone to match their firepower, Politico reports. Democratic billionaires like investment legends Warren Buffett and George Soros aren’t opening their checkbooks.

Editor's Note: Urgent Poll: Romney Vs. Obama – VOTE NOW!

Many potential donors are put off by the White House’s ambivalence toward the outside groups and President Barack Obama’s reluctance to give huge donors the attention they demand.

Some of the more liberal Democrat mega donors are upset with the Supreme Court’s Citizens United decision that allowed unlimited donations to outside groups in the first place.

Politico analyzes the decisions of several heavyweight Democratic donors to hold on to their wallets for this election.

Editor's Note: Urgent Poll: Romney Vs. Obama – VOTE NOW!


Penny Pritzker

Her family founded the Hyatt hotel chain, and she was finance chairman of Obama’s 2008 campaign. Knowledgeable sources tell Politico Pritzker feels neglected by the White House. And she has voiced opposition to the Citizens United decision.

George Soros

The hedge fund star has been a generous Democratic donor in past years. But he’s not ponying up to Obama’s super PAC – Priorities USA Action. Sources close to Soros tell Politico he objects to the negative focus of super PACs and doesn’t think his money would make a difference.

Warren Buffet

The Berkshire Hathaway CEO doesn’t like super PACs. “I don’t want to see democracy go in that direction,” he said at the firm’s annual meeting. “You have to take a stand some place.

 

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Rep. Mike Kelly Offers Obama 'Lump of Coal for Christmas'

Saturday, 20 Dec 2014 07:50 AM

All forms of energy in the United States should be developed to spur job creation and economic growth, Pennsylvania Repu . . .

Politico: Obama May Give Dems 80 Percent of 2016 Latino Vote

Friday, 19 Dec 2014 19:18 PM

President Barack Obama may be on track to helping deliver as much as 80 percent of Latino voters to the 2016 Democratic  . . .

Obama Appointee's Group Accused of Illegal Politicking

Friday, 19 Dec 2014 19:09 PM

A nonprofit group run by an Obama administration appointee may have supported Democratic mayoral candidates in Californi . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved