Discover Yahoo! With Your Friends

Explore news, videos, and much more based on what your friends are reading and watching. Publish your own activity and retain full control.

To get started, first

YOUR FRIENDS' ACTIVITY

    Billionaire gives $5 million to pro-Gingrich group

    MANCHESTER, N.H. (AP) — A Las Vegas billionaire has contributed $5 million to an independent group backing Newt Gingrich, breathing new life into the former House Speaker's struggling campaign for the GOP presidential nomination and casting renewed attention on the role of such groups in the 2012 contest.

    A person familiar with the development said Sheldon Adelson, a casino mogul and longtime donor to Republican candidates, made the contribution Friday to Winning Our Future, a super PAC run by Gingrich allies. The person, who spoke on the condition of anonymity and was not authorized to discuss the matter publicly, said Adelson is expected to contribute as much or more to groups backing the Republican nominee, be it Gingrich or one of his rivals.

    Rick Tyler, a former top Gingrich strategist and spokesman for Winning Our Future, declined to comment on the donation, which was first reported by The Washington Post. Politico reported last month that Adelson was prepared to spend $20 million to help Gingrich.

    A 2010 Supreme Court decision easing restrictions on corporate and individual spending laid the groundwork for these political action committees, or super PACs, which can raise and spend unlimited amounts of money to influence elections as long as they do not coordinate directly with a candidate's campaign. The identities of those who contributed to super PACs in the second half of 2011 won't be reported until the end of January.

    Many donors' names will never be known. Some super PACs have established nonprofit arms that are permitted to shield contributors' identities as long as they spend no more than 50 percent of their money on electoral politics. Crossroads, the giant conservative outfit tied to former George W. Bush political adviser Karl Rove, operates both a super PAC and a nonprofit.

    Crossroads and other Republican-leaning super PACs played a significant role in the 2010 midterm elections, helping deliver the House to the GOP and boost the number of Republicans in the Senate. The 2012 contest is the first to test the influence of such groups in presidential politics.

    No candidate has seen his fortunes affected by the emergence of super PACs more than Gingrich.

    Riding high in polls just a month ago, he became the target of a $3 million advertising barrage sponsored by Restore Our Future, a super PAC supporting Mitt Romney run by several of the former Massachusetts governor's allies. The ads, which pounded Gingrich for his ties to federal housing giant Freddie Mac and his reversal on issues like climate change, sent his political fortunes plunging in Iowa. Gingrich finished fourth in the state's caucuses last week.

    Gingrich has vowed to carry on and is hoping to resuscitate his campaign in South Carolina, which holds its primary January 21. Since Romney is heavily favored to win the New Hampshire primary Tuesday, his rivals are looking to slow his momentum when the contest moves south.

    Several super PACs have already played a role in the Republican campaign. They include Make Us Great Again, a super PAC backing Texas Gov. Rick Perry; Our Destiny, supporting former Utah Gov. Jon Huntsman; and the Red White and Blue Fund, which helped revive Rick Santorum's campaign in Iowa and is running ads in South Carolina.

    Priorities USA Action, a super PAC backing President Barack Obama's re-election campaign, has spent modestly during the Republican nominating contest and is expected to step up its role in the general election.

     
    • ronald p  •  4 mths ago
      Our democracy was designed to elect people to "SERVE" the public. Thes days EVERY politician leaves office waaaaaaayyyyy richer than when they entered. That's serving themselves and not the people
      • unclsamserf 4 mths ago
        "The elite shall rule by deceit and chaos." Leo Strauss.
      • psychiclotto 4 mths ago
        They're serving the billionaires!
        ╔═╗─────╔═╗───────╔═══╦═══╗╔╗╔═══╗
        ║╬╠═╦═╦╗║╬╠═╗╔╦╦╗─║╔═╗║╔═╗╠╝║║╔═╗║
        ║╗╣╬║║║║║╔╣╬╚╣║║╚╗╚╝╔╝║║║║╠╗║╚╝╔╝║
        ╚╩╩═╩╩═╝╚╝╚══╩═╩═╝╔═╝╔╣║║║║║║╔═╝╔╝
        ──────────────────║║╚═╣╚═╝╠╝╚╣║╚═╗
      • O'Rourke 4 mths ago
        Wasn't Gingrich just closing his mouth after dissing the Super Pacs? Guess $5 billion is fair hush money, like W used to say, "Bring 'em on!" But I think he meant male escorts
    • luckydog  •  St Louis, Missouri  •  4 mths ago
      united states government.. FOR SALE TO THE HIGHEST BIDDER
      • r.c. 4 mths ago
        I guess that's why Obama has received more wall street money than any previous candidate or president in history. I guess that's why he is expected to collect 1 billion in donations?
      • Ha 4 mths ago
        I will pay 1 cent cheap LOL
      • A Yahoo! User 4 mths ago
        R.c. - What's hilarious about your post is that George Bush was elected because of money from the middle east. That's why he didn't have Bin Laden killed when he had the chance. He was at a meeting with people from the Saudi royal family. Please do some research before posting next time.
    • Eduardo d  •  Yigo, Guam  •  4 mths ago
      Accepting $5million from a CASINO MOGUL means that Gingrich will help legalize online Poker as interpreted by the DOJ-Obama. Will the Religious conservative including the catholics frown on this donation. Does poker has an economic value compared to legalization of Humane Electronic Cockboxing? a non lethal envention?
    • RUSerious  •  Pittsburgh, Pennsylvania  •  4 mths ago
      10 hours ago, Mike T said, "It's basically a big system of bribery." Mike T hit the nail on the head. Our founding fathers are surely spinning in their graves -- with the low-class behavior that America has suffered at the hands of our elected representatives for DECADES.
      • Michael 4 mths ago
        Great news for Newt. Now he can spend a couple extra million touring the country on his losing campaign, buy his trophy wife a few baubles from Tiffany, AND keep the remaining 3 MIL that's left over, and his donor buddy can claim it on his taxes next year. Brilliant, way to go, Newt! If voted in to President, it will be you and I buying the trophy wife the baubles. lol
      • Fawbots 4 mths ago
        There are Kool-aid drinkers--and there are Kool aid servers. Kool-aid is safe to consume--like Democracy--when left untainted. The Kool-aid has been tampered with for a long, long time.
      • TN 4 mths ago
        It's always been like that, I don't know why ppl are surprised. Just pick the lesser of the two evil and it doesn't matter who they are. Listen to their policy and make your decision...just don't drink the propaganda kool aid. Alot of ppl tend to follow the party instead of the policy.
    • no  •  4 mths ago
      If I did not know any better I would think the person who wrote this article is saying the greatest office in Country can be bought?
      • oldman1 4 mths ago
        it can lol.
      • Shore Bird 4 mths ago
        Not only can it be bought, the US voting public buys into it. When you give / promise people free stuff they come to depend on it.
      • hello 4 mths ago
        look at obama he is bought buy some of the riches men in the world
    • Ribo  •  Chicago, Illinois  •  4 mths ago
      Does anyone else think that this is absolutely obscene? This is so wrong. There is no way an ordinary, everyday type of person can run for office. The way we elect our politicians needs to be changed. Repeal Citizens United. Public financing, term limits, and limit the amount of time to campaign. Limit it to 6 months. Other countries do it. How much work do any of them accomplish when they are running for office all the time? Let's face it none of these ideas will go any further because the politicians don't want to lose their jobs. They have it made.
      • JohnnyB. 4 mths ago
        When the Majority in Congress are a lot richer now, than when they took office and many are millionaires or multimillionaires. We can bet, they won't vote to change the system.
        So until we find some Politicians who will vote for those changes, we are out of luck.
        We won't overrule the Citizens United,until we pass a Constitutional Amendment, or get a much less Conservative Supreme Court. And pass some ethics control over those Judges.
      • Mike 4 mths ago
        Why not take this money and help out the middle class and poor, They are the one's that do the electing.
      • conservative guy 4 mths ago
        Things have to change. You can bet the people who spend all that money expect something in return. The Supreme Court is made of partisans. Clarence Thomas' wife is connected to the Tea Party. Scalia has ties to partisan groups, too. We cannot let this continue to happen.
    • Gloriam  •  4 mths ago
      It is not an election. It is an AUCTION.
    • John  •  4 mths ago
      This is precisely what is wrong with the US, and in particular US politics, money controls everything. These millionaires and billionaires, and large corporations that donate millions to these candidates, but don't have to reveal their identity to the public. You can bet your sweet #$%$ on one thing, that candidate will know who they are.GET THE MONEY OUT OF POLITICS.
    • John  •  White Plains, New York  •  4 mths ago
      This is exactly why the country is in the crapper. Plutocracy at its finest.
    • Brett S  •  Asheville, North Carolina  •  4 mths ago
      I thought the most anybody could contribute was $2500......money has no place in politics.....STOP THE CORRUPTION
    • J Todd  •  4 mths ago
      If you haven't noticed, this country is bought and sold during every election. People need to be reminded we are not a democracy, but rather a republic that underpins a capitalistic society. Unfortunately money talks- WE THE PEOPLE need to elect PRINCIPLED LEADERSHIP to every level of government. Those leaders must understand, respect and uphold the Constitution of the United States. WE THE PEOPLE have term limits within our grasp, simply do not re-elect people who do not do the job you elected them to do.
    • BRING THE JOBS BACK  •  4 mths ago
      Get the money out of politics and you get the crooks out of politics
    • Patriot  •  Winona, Minnesota  •  4 mths ago
      The wealthy have an undue influence in politics. The only thing going for the average joe is that each of us get 1 vote.

      Citibank published a report a while back saying the only real threat to the plutocracy that America now is, is the fact that we each get one vote. I guess what I'm getting at is that we can still unite and defeat these super pac funded talking heads and vote for someone who may actually help the average joe out.

      Thats up to you to decide who that is...Newt wont be getting my vote for sure.
    • MikeT  •  4 mths ago
      This is American "democracy" for you. Those with huge amounts of money can donate to the campaigns of the candidates they favor, who can then spend that money on advertising that will twist the minds of the typically mindless American voters. In return, those who are elected do the bidding of their main campaign contributors. It's basically a big system of bribery.
    • James R  •  4 mths ago
      Where is the fairness when the rich buy their influence in Government.
    • no  •  4 mths ago
      Trying to figure out the difference in a Politician trying to sell the Presidency and rich people trying to buy it? Hey I am just saying :-)
    • JayW  •  Caldwell, Texas  •  4 mths ago
      this is one of many things that is wrong with our election system. the rich can pretty well buy any candidate they want. along with ending corporate donations, private donations should be limited to one thousand dollars per person and let the public decide who gets elected.
    • Bob A  •  Reno, Nevada  •  4 mths ago
      crap like this should be illegal. get the money out of politics!!!
    • gifted1  •  Newark, New Jersey  •  4 mths ago
      So as a politican all you have to do is `...sell your soul `` to a billionaire and your a shue in for political office....

      The current group of conservatives on the Supreme Court should be jailed for this.....
    • You can't handle the ...  •  4 mths ago
      I thought Newt said PAC money is not fair, after Romney's PAC attacked him
    [ [ [['Connery is an experienced stuntman', 2]], 'http://yhoo.it/KeQd0p', '[Slideshow: See photos taken on the way down]', ' ', '630', ' ', ' ', ], [ [['Connery is an experienced stuntman', 7]], ' http://yhoo.it/KpUoHO', '[Slideshow: Death-defying daredevils]', ' ', '630', ' ', ' ', ], [ [['know that we have confidence in', 3]], 'http://yhoo.it/LqYjAX ', '[Related: The Secret Service guide to Cartagena]', ' ', '630', ' ', ' ', ], [ [['We picked up this other dog and', 5]], 'http://yhoo.it/JUSxvi', '[Related: 8 common dog fears, how to calm them]', ' ', '630', ' ', ' ', ], [ [['accused of running a fake hepatitis B', 5]], 'http://bit.ly/JnoJYN', '[Related: Did WH share raid details with filmmakers?]', ' ', '630', ' ', ' ', ], [ [['accused of running a fake hepatitis B', 3]], 'http://bit.ly/KoKiqJ', '[Factbox: AQAP, al-Qaeda in Yemen]', ' ', '630', ' ', ' ', ], [ [['have my contacts on or glasses', 3]], 'http://abcn.ws/KTE5AZ', '[Related: Should the murder charge be dropped?]', ' ', '630', ' ', ' ', ], [ [['have made this nation great as Sarah Palin', 5]], 'http://yhoo.it/JD7nlD', '[Related: Bristol Palin reality show debuts June 19]', ' ', '630', ' ', ' ', ], [ [['have made this nation great as Sarah Palin', 1]], 'http://bit.ly/JRPFRO', '[Related: McCain adviser who vetted Palin weighs in on VP race]', ' ', '630', ' ', ' ', ], [ [['A JetBlue flight from New York to Las Vegas', 3]], 'http://yhoo.it/GV9zpj', '[Related: View photos of the JetBlue plane in Amarillo]', ' ', '630', ' ', ' ', ], [ [['the 28-year-old neighborhood watchman who shot and killed', 15]], 'http://news.yahoo.com/photos/white-house-stays-out-of-teen-s-killing-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/cv/ip/ap/default/120411/martinzimmermen.jpg', '630', ' ', 'AP', ], [ [['Titanic', 7]], 'http://news.yahoo.com/titanic-anniversary/', ' ', 'http://l.yimg.com/a/p/us/news/editorial/b/4e/b4e5ad9f00b5dfeeec2226d53e173569.jpeg', '550', ' ', ' ', ], [ [['He was in shock and still strapped to his seat', 6]], 'http://news.yahoo.com/photos/navy-jet-crashes-in-virginia-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/cv/ip/ap/default/120406/jet_ap.jpg', '630', ' ', 'AP', ], [ [['xxxxxxxxxxxx', 11]], 'http://news.yahoo.com/photos/russian-grannies-win-bid-to-sing-at-eurovision-1331223625-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/a/p/us/news/editorial/1/56/156d92f2760dcd3e75bcd649a8b85fcf.jpeg', '500', ' ', 'AP', ] ]
    [ [ [['did not go as far his colleague', 8]], '29438204', '0' ], [ [[' the 28-year-old neighborhood watchman who shot and killed', 4]], '28924649', '0' ], [ [['because I know God protects me', 14], ['Brian Snow was at a nearby credit union', 5]], '28811216', '0' ], [ [['The state news agency RIA-Novosti quoted Rosaviatsiya', 6]], '28805461', '0' ], [ [['measure all but certain to fail in the face of bipartisan', 4]], '28771014', '0' ], [ [['matter what you do in this case', 5]], '28759848', '0' ], [ [['presume laws are constitutional', 7]], '28747556', '0' ], [ [['has destroyed 15 to 25 houses', 7]], '28744868', '0' ], [ [['short answer is yes', 7]], '28746030', '0' ], [ [['opportunity to tell the real story', 7]], '28731764', '0' ], [ [['entirely respectable way to put off the searing constitutional controversy', 7]], '28723797', '0' ], [ [['point of my campaign is that big ideas matter', 9]], '28712293', '0' ], [ [['As the standoff dragged into a second day', 7]], '28687424', '0' ], [ [['French police stepped up the search', 17]], '28667224', '0' ], [ [['Seeking to elevate his candidacy back to a general', 8]], '28660934', '0' ], [ [['The tragic story of Trayvon Martin', 4]], '28647343', '0' ], [ [['Karzai will get a chance soon to express', 8]], '28630306', '0' ], [ [['powerful storms stretching', 8]], '28493546', '0' ], [ [['basic norm that death is private', 6]], '28413590', '0' ], [ [['songwriter also saw a surge in sales for her debut album', 6]], '28413590', '1', 'Watch music videos from Whitney Houston ', 'on Yahoo! Music', 'http://music.yahoo.com' ], [ [['keyword', 99999999999999999999999]], 'videoID', '1', 'overwrite-pre-description', 'overwrite-link-string', 'overwrite-link-url' ] ]
    Loading...