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YOUR FRIENDS' ACTIVITY

    US campaigns, outside groups to release financials

    WASHINGTON (AP) — Presidential campaigns and outside political groups were filing detailed financial reports Monday, offering a behind-the-scenes glimpse into the identities of wealthy supporters who will help elect the next U.S. president and details on how tens of millions of campaign dollars have been spent.

    Reports released Monday show a "super" political action committee backing Republican Mitt Romney raised more than $6 million last month.

    The Restore Our Future super PAC pulled in much of its fundraising money from donors who gave hundreds of thousands of dollars apiece. They included Marriott International Chairman J.W. Marriott and Hewlett-Packard CEO Meg Whitman.

    Restore Our Future has raised more than $36 million this election cycle and had more than $16 million in the bank at the end of January. It has spent millions of dollars on television ads in key primary election states supporting Romney and hammering his opponents for the Republican presidential nomination to challenge President Barack Obama in November.

    Fellow Republican candidates Newt Gingrich and Rick Santorum each briefly surged ahead of Romney last month but remained far behind the former Massachusetts governor in fundraising. Since then, former senator Santorum has climbed into a virtual tie in polls while support has eroded for former House of Representatives speaker Gingrich.

    The campaign finance reports were due to the Federal Election Commission by midnight.

    The detailed accounting reports will likely rekindle criticism of the new super PACs, which were made possible under a 2010 Supreme Court ruling in the Citizens United case. The groups must legally remain independent from the candidates they support, but many super PACs are staffed with former campaign aides who have intimate knowledge of the campaigns' strategies.

    Late Friday, the Supreme Court put on hold a Montana case that bore striking similarities to the earlier case, and two justices said it provides an opportunity for the Supreme Court to reconsider whether the millions of dollars that millionaires and billionaires have poured into the presidential election should be allowed to continue.

    President Barack Obama's campaign last Friday reported raising a combined $29.1 million in January among the campaign, the Democratic National Committee and other joint fundraising committees. The major super PAC backing Obama, Priorities USA Action, has yet to file its January report.

    The group supporting Republican candidate and Texas Rep. Ron Paul, Endorse Liberty, reported roughly $2.4 million in contributions, including $1.7 from the billionaire founder of PayPal, Peter Thiel of San Francisco. Thiel, who runs a hedge fund, is a libertarian who has supported Republican causes and candidates and has donated to California's marijuana legalization ballot measure.

    ___

    Follow Jack Gillum on Twitter: http://twitter.com/jackgillum

     

    6 comments

    • hater h  •  San Mateo, California  •  3 mths ago
      Santorum's junk spawns retards!
    • Bill  •  Chicago, Illinois  •  3 mths ago
      "Restore Our Future" What a joke. The future is here. We are it. We are on our own.
    • Alvin Ngo  •  Houston, Texas  •  3 mths ago
      Thank you Mr. Thiel! a true friend of liberty
    • Lewis H  •  3 mths ago
      Let me see if I understand this correctly....the super rich donate to the campaigns, and that money goes into television ads, and ultimately back into the super rich pockets because....after all they own the television stations. What a racket!
    • Steven  •  3 mths ago
      Destroying our Future & Loosing our Future?? How fitting?? Of course Romney has money?? A few customers, I mean friends are giving a Hundred-thousand a piece?? Guess their blue-collar working people?? LOL
    • Bill  •  3 mths ago
      Romney's campaign still has money. Gingrich and Santorum's campaigns are in the hole. How can we trust the Grinch or Santy to run government any different than there campaigns?
      • Arimannis 3 mths ago
        And why would we care about someone's opinion that is so stupid that they do not know how to use the word "their" correctly, not "there". #$%$
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