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Thursday, February 23, 2012

Charting GOP Super PAC Cash

By Josh Israel, ThinkProgress

23 February 12



Once again this week, independent-expenditure-only "Super PACs" disclosed their donors for the month of January 2012. A ThinkProgress analysis of these new filings and previously available data reveals that 19 wealthy donors have already given a million dollars or more each, combining to funnel $46.75 million to Republican-allied Super PACs so far this cycle.

It comes as little surprise that this list is dominated by financial sector investors (8), energy and chemical producers (4), and real estate developers (3). All are white. Only one, the wife of casino tycoon Sheldon Edelson, is female. The Obama administration has backed financial sector consumer protections and environmental regulations unpopular with big Wall Street and big energy.

The 19 donors’ contributions accounted for about 53 percent of the $88.2 million combined receipts for those committees. Here are the 19:
Donor Donations Sector
Harold Simmons/Contran Corp. $14.1M Chemicals
Sheldon Adelson $5M Casinos and hotels
Miriam Adelson $5M Casinos and hotels
Bob Perry $3.5M Real Estate/Construction
Peter Thiel $2.6M Finance/Investment
Jon Huntsman Sr. $2.2M Chemicals
Jerry Perenchio Living Trust $2M Media
Julian Robertson $1.25M Finance/Investment
Robert B. Rowling $1.1M Energy
Edward Conard $1M Finance/Investment
Robert Mercer $1M Finance/Investment
John Paulson $1M Finance/Investment
Paul Singer $1M Finance/Investment
Foster Friess $1M Finance/Investment
Rooney Holdings Inc. $1M Real Estate/Construction
William Dore $1M Energy
Whiteco Industries $1M Real Estate/Construction
F8 LLC (Jeremy Blickenstaff) $1M Finance/Investment
Eli Publishing (Steve Lund) $1M Cosmetics

These donations went to Super PACs backing GOP hopefuls Newt Gingrich (Winning Our Future), Ron Paul (Endorse Liberty), Mitt Romney (Restore Our Future), Rick Santorum (Red, White & Blue), backing former candidates Jon Huntsman Jr. (Our Destiny), Rick Perry (Make Us Great Again), and Republican candidates in general (American Crossroads).

To equal just their Super PAC contributions, political campaigns would need to collect more than 18,000 checks for $5,000 - the individual limit. Republican strategist Christopher LaCivita told the New York Times that these super donors are "serious business tycoons." And these serious business tycoons are seriously overwhelming the political system with their contributions.

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