Blogs Menu
Blogs
View Latest Posts
View Subscriptions
Posting Instructions
Active Bloggers
Will Moss
Hampton University class of 1995
Jalisea Finch
Jackson State University class of 2023
Reggie Culpepper
Clark Atlanta University class of 1998
Kamal Imani
class of
Neal Owens
University of the District of Columbia class of 1983
PAT BARROW
class of
LaMarr Blackmon
Cal St Univ, Long Beach class of 1992
Beverly Johnson
class of
Watching Harold Simmons -Texas billionaire in Cahoots with Presidential hopeful Gov. Rick Perry
Posted By: Marta Fernandez on August 16, 2011

Just 12 Wealthy Donors Account For Most Of The Donations To Major ‘SuperPACs’

By Ian Millhiser on Aug 4, 2011 at 2:30 pm

A SuperPAC is a group that allows wealthy people and corporations to pool their money together in order to try to change the result of an election.

The seven major SuperPACs have taken in a total of $23.7 million in just the first half of this year — a number that is certain to grow much larger as election day approaches. Yet, as USA Today reports, more than half of this money comes from just twelve rich people or corporations:

A dozen wealthy individuals and corporations — ranging from a Hollywood mogul to Texas billionaires — gave more than half the money flowing to the biggest outside groups raising unlimited amounts to influence next year’s presidential and congressional races, a USA TODAY analysis shows.

Republican-affiliated groups outraised Democratic groups by more than 2-to-1, the review found, demonstrating the willingness of Republican donors to write big checks to deny President Obama a second term. . . . Million-dollar donors to PACs include New York hedge-fund manager John Paulson, who gave to Restore Our Future. Eli Publishing and F8 LLC, two companies that share an address in Provo, Utah, donated $1 million each to the group backing Romney, who has extensive ties to the state. . . .

Supporters of Texas Gov. Rick Perry, who is weighing entering the Republican race, collected $193,000 through a group named Americans for Rick Perry. The top donor: Texas billionaire Harold Simmons, who gave $100,000 on June 27, 10 days after Perry signed legislation allowing Simmons’ company to accept low-level radioactive waste from other states at its West Texas facility.

It’s tough to imagine a surer recipe for corruption. Although SuperPAC’s are prohibited from giving money directly to candidates — one of the few remaining campaign finance laws that wasn’t eviscerated by Citizens United and similar cases — it’s not like a presidential candidate isn’t perfectly capable of finding out which billionaires funded the shadowy groups that supported their campaign. Moreover, if just a handful of people are responsible for the bulk of these donations, a newly elected president will have no problem figuring out who to lavish favors on once they enter the White House.


This is what happened in 2008 during President Obama's candidacy.
http://latimesblogs.latimes.com/washington/2008/08/swift-boat-dono.html
Marta Fernandez
From Queens, NY
CUNY -Queens College class of 1985
Member Since July 2008
Comments
More From This Author
The 244 Accomplishments of President Obama.
Prayers for Etta James may she go gently into the night "At Last".
A Gift for Christmas to HBCU...from me.
40 Reasons To Be Proud Of Obama’s Presidency
President Obama's jobs bill was not voted on,it was instead filibustered 10/21/11
We have reached the Eleventh Hour.
Latest Blogs
The Black Computer Hacker that Saved The Internet...
The Confessions of Marcus Hutchins, the Hacker Who Saved the Internet At 22, he single-handedly put a stop to the worst cyberattack the world had ever seen. Then he was arrested by the FBI. This is ...more
Will Moss • 21 Views • June 4th, 2020
Black College Student Sentenced to 12 Years in Prison for Kissing a White Girl
Albert N. Wilson, a former University of Kansas student, has been sentenced to 12 years in prison and a lifetime of probation after being convicted by an all-white jury of raping a white teen girl. Bu ...more
Will Moss • 3,468 Views • June 4th, 2020
No More Innocent People Dying Reggae DubPoery Protest Song
This is a song for the victims of police brutality and white supremacy racism. It's for the people who couldn't breathe, drive, bird watch, walk, jog, drink coffee, swim, cook out or sell CD's ...more
Kamal Imani • 41 Views • June 3rd, 2020
Why does love hurt so good? Channel
I'm inviting you to check out my relationship channel, Why does love hurt so good channel. I guarantee you that the videos will "Educate, Entertain and Inform" you with information that will help you ...more
ondray pearson • 10 Views • June 2nd, 2020
The Carolina's Firecracker Emcee KING BELI Drops Hot New Joint "Juice Her Up" Feat. Renni Rucci & BWA
#KINGBELI #KINGBELIMUSIC Just In Time For The Summer N Carolina Heavyweight KING BELI Is Back Giving You What You Demand, The Hottest New Music!!! His New Single "Juice Her Up" Feat. Renni R ...more
LaMarr Blackmon • 50 Views • June 2nd, 2020
Popular Blogs
Divorce in America in 2009 – What’s love got to do, got to do with it?
Join Brother Marcus and the cast and the crew of the Brother Marcus Show live this Sunday evening on February 1, 2009 @ 8:00 p.m. for another hot topic in our community! “Divorce in America in 2009 ...more
Brother Marcus! • 62,640 Views • January 27th, 2009
VISINE ALERT!!!
Seemingly innocent medication such as Visine eyedrops are used by people to concoct a mixture with similar effects as a date-rape drug. When mixed with alcohol and taken orally, the eyedrops can l ...more
Siebra Muhammad • 41,691 Views • May 23rd, 2009
Disney Princess Movie a "Slap in the face" to African American Men...
Ok... So I guess this is what we get when Disney finally makes a movie with a black princess. A young black girl who falls in love with a prince that is is apparently from India (not African American ...more
Will Moss • 19,159 Views • January 2nd, 2010
First Annual African Women’s Solidarity & Appreciation Day
Women of African Descent Worldwide, Globally, Internationally. This is OUR DAY to something for Ourselves. As announced at the United Nations in March 2016…now A Worldwide Gathering to Unify ...more
Elynor Moss • 18,505 Views • October 6th, 2017
The Gift
Today is the best day of my life! ...more
Elynor Moss • 16,634 Views • October 5th, 2017