Tags: obama | donors | super | pac

Liberal Donors Hesitant to Open Wallets

Friday, 02 Mar 2012 10:17 AM

By Newsmax Wires

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Big liberal donors came out in force eight years ago, shelling out $200 million in their unsuccessful effort to force President George W. Bush out of the White House. But they’re more hesitant to open their wallets this time around, even as Republican super PACs dominate the campaign’s financial landscape, Politico reports.

The Democracy Alliance, an obscure group comprised of top donors, may determine whether President Barack Obama is armed with a financial bazooka or just a pop gun. Many members are upset with the group’s decision to back Obama and the super PACs supporting him and other Democrats.

Originally the group was founded to finance liberal think tanks and policy projects, and some members are upset with its shift in emphasis. So some Democracy Alliance donors, including billionaire founding member Peter Lewis, are considering bolting from the group.

Only a few members of Democracy Alliance have donated to the Democratic super PACs, and some may not fork over anything for Obama at all.

“We really haven’t corralled donors to do major independent expenditures for two or three cycles, so there is a sales cycle, and you don’t always close the sale immediately,” Rob McKay, chairman of the Democracy Alliance and a board member of the pro-Obama super PAC Priorities USA Action, told Politico.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  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.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Poll: Americans Don't Want Shutdown Over Amnesty

Tuesday, 25 Nov 2014 13:15 PM

Americans may disagree over President Barack Obama's unilateral executive action on amnesty for illegal aliens, but they . . .

Under McConnell, Senate Will No Longer Have Fridays Off

Tuesday, 25 Nov 2014 12:04 PM

Kentucky Sen. Mitch McConnell may not be able to fulfill all the promises made during the campaign, but as the incoming  . . .

Ted Cruz Impresses NYC's Jewish Donors in Whirlwind Stopover

Tuesday, 25 Nov 2014 11:11 AM

Sen. Ted Cruz is in New York City paying visits to some of the nation's most powerful Jewish leaders , including a priva . . .

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