The New Exchange

You are not logged in. Would you like to login or register?



8/01/2015 7:35 am  #1


The Big Nine

Donors can contribute unlimited amounts to candidates' super PACs, and they have. Here are nine who you need to know as their donations shape the primaries.

Dan and Farris Wilks:
$15 million - The billionaire brothers made their fortunes in fracking, and along with their wives, are sending $15 million to boost fellow Texans Ted Cruz's presidential campaign.
 
Robert Mercer:
$11.3 million -  Mercer, a reclusive hedge funder from New York, was one of the top Republican givers in 2012 and 2014. And he's betting big -- $11 million big -- on Ted Cruz, a senator who managed to raise $38 million despite having weak connections with the donor class. Mercer also gave $250,000 to Bobby Jindal, and in a somewhat unusual move, reassigned $500,000 that he gave to Cruz's super PAC to Carly Fiorina's.



Toby Neugebauer:
$10 million -  The Mercers and Wilks are two of three families controlling their own pro-Cruz super PAC. Toby Neugebauer, the son of a congressman and a Houston oil investor, controls another with his $10 million.

Kelcy Warren:
$6 million -  Warren, who became a billionaire through piping, is one of two Dallas men bankrolling the majority of Rick Perry's super PAC.

Darwin Deason:
$5 million Deason is the other Dallas man betting on Perry.

Diane Hendricks:
$5 million A roofing billionaire, Hendricks shares a home state with Wisconsin Gov. Scott Walker, and has long supported his campaigns. The money went to Walker's PAC Unintimidated, which has raised $20 million.

Marlene Ricketts:
$5 million -  Walker's other big family is the Ricketts of the Midwest. Marlene is married to Joe Ricketts, who founded TD Ameritrade, and is the mom of Todd, the Walker campaign's finance director.

Norman Braman:
$5 million -  Braman is reportedly willing to invest $10 million of his own money to boost the campaign of Marco Rubio, his mentee in Miami.

Just Fred:
$120 Fred is a former art history and science instructor who made his fortune in public education, and has decided to throw this wad of cash to Bernie Sanders 

You can read about the small-time fish ( the club that donated a lousy million dollars each ) can be read about here:


The flood of seven-figure contributions to outside groups supporting presidential candidates — officially reported for the first time Friday — illustrates in stark terms how the unprecedented political buying power of wealthy donors has fundamentally shifted U.S. presidential campaigns.

The 67 biggest donors, each of whom gave $1 million or more, donated more than three times as much as the 508,000 smallest donors combined, according to a POLITICO analysis of reports filed with the Federal Election Commission and the Internal Revenue Service.

The 67 mega-donors accounted for $128 million in cash to super PACs supporting specific 2016 presidential candidates.

Read more: http://www.politico.com/story/2015/08/wealthy-donors-and-gusher-of-cash-change-2016-race-120894.html#ixzz3hZKgITgy
 

Last edited by Just Fred (8/01/2015 8:19 am)

 

8/01/2015 9:25 am  #2


Re: The Big Nine

I can't help but think of all the good that money would do.  Like rebuilding the infrastructure that we all drive on everyday, allowing all public school systems the same amount of financial assistance needed to educate our children, additional funding for health research, rebuilding our rail system into modern & fast nationwide systems.  The list is almost endless and instead the money goes to build egoes and advance idiots in their political goals.

 

8/01/2015 10:26 am  #3


Re: The Big Nine

Let me play a little Devil's Advocate, if I may.




 Courtesy of USA Today, a story about theBernie Sanders SuperPACs that he doesn't want

<all emphasis mine>

WASHINGTON — Sen. Bernie Sanders has long denounced super PACs and the unlimited sums they spend in support of candidates.

But that hasn't stopped independent political action committees from forming in support of his bid for the Democratic presidential nomination.

One such committee, "Bet on Bernie 2016," even arranged for Sanders' photo to flash — without his knowledge, according to the Vermont senator — on an electronic billboard last month in New York City's Times Square.

"I have not sanctioned any super PAC," Sanders, an independent, said in an interview. "A major problem of our campaign finance system is that anybody can start a super PAC on behalf of anybody and can say anything. And this is what makes our current campaign finance situation totally absurd."

A Bet on Bernie news release says it is seeking volunteers to participate in telethons, raise money and boost Sanders on social media. The committee is a hybrid PAC that has one account for making donations to Sanders and another super PAC-style account for making independent expenditures to boost his candidacy.

"We want to raise 50 million bucks but, you know, we're getting pledges, and Hollywood just jumped into this," said Bet on Bernie's chairman, Cary Peterson.

Peterson, a newly registered lobbyist given to self-promotion — "I'm a very interesting guy" — has not yet had to file a report with the Federal Election Commission that would support his fundraising claims.

Another pro-Sanders PAC, "Northern Michigan for Bernie Sanders," was formed by Colby Winter, 18, who will graduate June 7 from high school in Traverse City, Mich. Winter said he and his friends are seeking donations of up to $400 to help spread Sanders' ideas about education and campaign finance reform.

Their group meets the definition of a super PAC, but they don't like the term.

"We feel it's derogatory," Winter said. "We don't like super PACs. That's what we're working against."

Organizers of pro-Sanders PACs say they share Sanders' view that the Supreme Court's decision in Citizens United vs. FEC is undermining democracy and should be overturned. The 2010 decision helped pave the way for super PACs that may spend unlimited funds in support of candidates as long as they operate independently of political campaigns.

Vermont state Rep. Christopher Pearson of Burlington, who formed the has "Draft Bernie" super PAC, has voted to call for a constitutional convention to overturn the Citizens United decision. He acknowledged a certain "irony" in his decision to start Draft Bernie.

"I think big money in politics is a deeply corrupting influence, but I also recognize that changing the debate in this country requires resources," said Pearson, who worked for Sanders in the late 1990s. "People with my point of view and Bernie's point of view are heavily outgunned by big-money interests, and I think we've got to use the tools that are out there in order to spread a message that I think resonates with a lot of voters."

Sanders said he prefers that his supporters donate directly to his presidential campaign. Such donations are limited by law. So far, the bulk of his fundraising is from 130,000 individuals who have contributed donations averaging $40 via his campaign website. Sanders does not accept contributions from corporate PACs.

So as someone who supports Bernie, do you have a problem with private citizens, on their own time, trying to raise gobs of money that could be used to advance the Sanders campaign and potentially get him elected into office?

Sanders supporters include people like Neil Young, the guys who run Ben and Jerry's ice cream, Susan Sarandon, Sarah Silverman, and Lewis Black. They could all be major contributors to the campaign. Is there any reason they shouldn't donate whatever they feel they could afford to Bernie?


I think you're going to see a lot of different United States of America over the next three, four, or eight years. - President Donald J. Trump
 

8/01/2015 11:10 am  #4


Re: The Big Nine

I don't think it should be legal for anyone to contribute any money to another person's political campaign.  Candidates should be required to spend only their own money on their campaign.

 

8/01/2015 11:18 am  #5


Re: The Big Nine

Then only the extremely rich could ever run effectively for state or national office.


We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists. 
 

8/01/2015 11:23 am  #6


Re: The Big Nine

Most of the BIG GOP doners from previous Presidential elections have not even kicked into gear yet on financing who they will be supporting this time around. 



 

Last edited by tennyson (8/01/2015 11:24 am)


"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"
 
 

8/01/2015 12:09 pm  #7


Re: The Big Nine

Goose wrote:

Then only the extremely rich could ever run effectively for state or national office.

 
You mean like we have now?

 

8/01/2015 12:16 pm  #8


Re: The Big Nine

The Man wrote:

Goose wrote:

Then only the extremely rich could ever run effectively for state or national office.

 
You mean like we have now?

Consider Senator Scott Wagner, "the best government waste money can buy".
 


Life is an Orthros.
 

8/01/2015 12:19 pm  #9


Re: The Big Nine

Tarnation wrote:

The Man wrote:

Goose wrote:

Then only the extremely rich could ever run effectively for state or national office.

 
You mean like we have now?

Consider Senator Scott Wagner, "the best government waste money can buy".
 

 
Yeah, and he took campaign contributions, he didn't spend his own money on his campaign.  Where were the average, middle class candidates? At least if campaign contributions were banned entirely, the candidates would have to truly put their money where their mouth is.

 

8/01/2015 12:58 pm  #10


Re: The Big Nine

The Man wrote:

Goose wrote:

Then only the extremely rich could ever run effectively for state or national office.

 
You mean like we have now?

 
No. I mean worse than we have now.
Much, Much worse.


We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists. 
 

Board footera

 

Powered by Boardhost. Create a Free Forum