Obama Campaign Solicits Money to Combat Adelson

Monday, 18 Jun 2012 10:27 AM

By Newsmax Wires

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The campaign to re-elect President Barack Obama shows its fear of prodigious Republican donor Sheldon Adelson in a new fundraising appeal to its grassroots supporters.

News reports revealed last week that the hotel/casino mogul Adelson has made another $35 million of commitments to Republican causes, including ones supporting GOP presidential nominee-to-be Mitt Romney.

That would put Adelson’s donations to about $71 million for this campaign cycle. Forbes magazine pegs Adelson as the seventh-wealthiest American, with a net worth of $24.9 billion. He has suggested he will dole out $100 million to Republicans before the election is said and done.

As for the Obama mailer, which seeks donations as small as $3, it reads, “You need to know this name: Sheldon Adelson. He's on a personal crusade to defeat Barack Obama, and he's pledged ‘limitless’ donations from his multi-billion-dollar foreign casino fortune to do it,” Politico reports.

The mailer notes that Adelson reportedly has started his latest round of donations with a $10 million commitment to Romney's super PAC Restore Our Future. “It would take more than 182,000 people like you giving our average of about $55 just to match that amount.”

Not many people tell Adelson “no,” the cash appeal says. “So I hope you'll enjoy being one of the first. Donate $3 or more to beat Sheldon Adelson and his friends, and help build this grassroots campaign.”

What may be most interesting about Adelson’s donations is what a small portion of his net worth they represent. If he indeed shells out $100 million, that would represent 0.4 percent of his fortune. It would be equivalent to someone worth $100,000 donating $400.



© 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:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Politico: White House Cleared of Violating Hatch Act

Friday, 25 Jul 2014 09:31 AM

The White House's political affairs office has been cleared by a federal watchdog of violating the Hatch Act, which bars . . .

Moderate Quake Strikes Alaska Coast, Mild Damage

Friday, 25 Jul 2014 08:53 AM

An earthquake with a magnitude of 5.9 struck on the coast of Alaska early on Friday, shaking people awake in the state c . . .

FBI Investigates Ford Engineer after Listening Devices Found

Friday, 25 Jul 2014 08:42 AM

A 43-year-old former Ford Motor Co engineer is being investigated by the FBI after listening devices were found in meeti . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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