Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

morningfog

(18,115 posts)
Fri Feb 17, 2012, 12:44 PM Feb 2012

Gingrich Patron Set to Donate Another $10 Million

The donation may help Newt inject himself back into what has increasingly become a two-man race between Santorum and Romney.
By Ankita Rao and Josh Voorhees | Posted Friday, Feb. 17, 2012

UPDATE: Newt Gingrich's current cash crunch may soon be a thing of the past, at least for a few weeks.

CNN and CBS News are both reporting that billionaire casino magnate Sheldon Adelson will soon fork over an additional $10 million to the Super PAC supporting the former House speaker's presidential campaign. Adelson and his wife have already given Winning the Future roughly $11 million, a donation that closed the gap—at least somewhat—between Gingrich and Mitt Romney earlier this year.

CNN's sources say that the eight-figure donation will come before the end of the month, while CBS's suggest that it could happen within days. Adelson had previously suggested that his further financial support of Gingrich was in doubt, and signaled that he'd be ready and willing to back Romney if the time came.

The Wall Street Journal, which reported earlier this week that Adelson was considering cutting another check, suggests that the billionaire's goal is to derail Rick Santorum's campaign as much as it is to help Gingrich's. Adelson is reportedly concerned about some of Santorum's deeply conservative social views, such as his strong anti-abortion stance, and is worried that he wouldn't be able to compete with President Obama in a general election showdown.

http://slatest.slate.com/posts/2012/02/10/super_pac_winning_our_future_and_newt_look_to_grassroots_for_new_revenues_.html

Talk about more money than sense. This is only going to help Romney. The longer the radical-idiot-conservative vote is split the better Romney's chances.

30 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Gingrich Patron Set to Donate Another $10 Million (Original Post) morningfog Feb 2012 OP
Adelson must really want to buy a war with Iran. no_hypocrisy Feb 2012 #1
a fool and his shit pile of money spanone Feb 2012 #2
Adelson is trying to be a job creator Mz Pip Feb 2012 #3
All I can say is, Good for them. Jackpine Radical Feb 2012 #4
Good money after bad alcibiades_mystery Feb 2012 #5
I wonder how much he can write off on his taxes Javaman Feb 2012 #6
So ... let's put it the way Repugs do ... zbdent Feb 2012 #7
Attacks on Romney. hughee99 Feb 2012 #10
I bet it'll be spent on attacks on Santorum SunSeeker Feb 2012 #29
It could be that Adelson will have Newt switch gears hughee99 Feb 2012 #30
jeez just think what good xxqqqzme Feb 2012 #8
The irony is that money gets into circulation Gore1FL Feb 2012 #11
C'mon baby! usrname Feb 2012 #9
He's worth 25 Billion dollars....gives hundreds of millions to charity thelordofhell Feb 2012 #12
This Klown Kar Krash is theater. The "elders" know that no electable candidate Vincardog Feb 2012 #13
Chris. Or Jeb. Or Redstate Bluegirl Feb 2012 #20
I wish I could piss away 20 million bucks. sofa king Feb 2012 #14
It would be easy it you made $3.3M/Hour like he does. He makes more than hat every day Vincardog Feb 2012 #15
talk about a waste demtenjeep Feb 2012 #16
I find this alliance interesting angrychair Feb 2012 #17
Why We Cheat: Bird Mating Habits Used To Explain Infidelity crunch60 Feb 2012 #26
Wow. Newt the Juke Box BumRushDaShow Feb 2012 #18
Get Ready for SlimeFest: Part Deux, Coming Soon To A Primary State Near You!! n/t renie408 Feb 2012 #19
Oh goody! jmowreader Feb 2012 #21
Must be nice to have all that throwaway cash. MrSlayer Feb 2012 #22
i guess it is like nothing to him JI7 Feb 2012 #23
Every so often I re-realize just how much money that is. MrSlayer Feb 2012 #25
Throwing bad money after bad n/t RZM Feb 2012 #24
No man should be so rich he has nothing left to buy but his government. aquart Feb 2012 #27
Adelson wants Newt to bash Santorum so Romney stays clean SunSeeker Feb 2012 #28

Mz Pip

(27,462 posts)
3. Adelson is trying to be a job creator
Fri Feb 17, 2012, 12:51 PM
Feb 2012

He's trying to create a job for Grinch. He should have done some market analysis first. No one seems to want what he's trying to create.

Jackpine Radical

(45,274 posts)
4. All I can say is, Good for them.
Fri Feb 17, 2012, 12:56 PM
Feb 2012

These Republicans deserve each other, and the longer they snipe at each other with truth, the more people will come to be disgusted by the whole party, what they stand for, and what they do. Right now, the R's are eating themselves alive over contraception, but soon it will be time for Newt to continue his exposure of Willard's vulture capitalism, for Willard to boil Newt in the cannibal pot with Freddie Mac & Fannie Mae, and for Santorum to continue exposing himself as a pious high-roller with a taste for corrupt liaisons with lobbyists.

Javaman

(62,534 posts)
6. I wonder how much he can write off on his taxes
Fri Feb 17, 2012, 12:59 PM
Feb 2012

before it breaks him?

Personally, I hope he keeps pouring money down this money pit, I want them to have a brokered convention!

run, lizard, run!

hughee99

(16,113 posts)
10. Attacks on Romney.
Fri Feb 17, 2012, 01:26 PM
Feb 2012

They're not buying a nominee, Gingrich has no chance. I suspect this guy wants someone other than Romney and Gingrich to win, and is using one to try to get the other out of the way.

SunSeeker

(51,800 posts)
29. I bet it'll be spent on attacks on Santorum
Sun Feb 19, 2012, 11:20 PM
Feb 2012

Adelson has publicly stated he is thinking of switching his support to Romney. But first Santorum needs to be knocked down so Romney can coast to the nomination. Unfortunately for Romney, he has already gotten a lot of blowback for his negative ads. So, Adelson will use Newt to run the negative ads against Santorum, all without getting the teahadists pissed off (at least not more than they already are) at Romney for bashing their favorite candidate.

hughee99

(16,113 posts)
30. It could be that Adelson will have Newt switch gears
Mon Feb 20, 2012, 12:39 AM
Feb 2012

if he's changed his mind, but my point was that his donation to Newt wasn't because he supported Newt.

xxqqqzme

(14,887 posts)
8. jeez just think what good
Fri Feb 17, 2012, 01:15 PM
Feb 2012

things could be accomplished w/ 21 million (total). It is an obscene waste.



I know, I know, it is his $$ to waste but come on, dropping it down the newtster rathole?

Gore1FL

(21,167 posts)
11. The irony is that money gets into circulation
Fri Feb 17, 2012, 01:27 PM
Feb 2012

and ultimately helps the economy and Obama's chances.

 

usrname

(398 posts)
9. C'mon baby!
Fri Feb 17, 2012, 01:23 PM
Feb 2012

Burn through all those GOP donations to the super PACs. I want to see these 1%ers burn through all their financial war chests during the Republican primary, only to end up with, well, any of the current candidates. Then, Obama calmly comes in, antes his unused super PAC cash and blows them out of the water.

Hopefully after that, they would have enough sense to see that a publicly funded campaign is cheaper and produces better results.

I can't imagine any 1%er really thinking that any of the GOP slate is anywhere close to being qualified for the office of the president. They may be greedy or egotistical, but they can't be that stupid.

thelordofhell

(4,569 posts)
12. He's worth 25 Billion dollars....gives hundreds of millions to charity
Fri Feb 17, 2012, 02:53 PM
Feb 2012

And yet he supports this republican asshat

Vincardog

(20,234 posts)
13. This Klown Kar Krash is theater. The "elders" know that no electable candidate
Fri Feb 17, 2012, 04:11 PM
Feb 2012

can make it thru the freak circus that is the GOP primary. They want to keep the circus going until the convention.
Then they hop to spring The fat man Christie or God Forbid the ogre Jeb on us.
The are vile duplicitous bastids.

sofa king

(10,857 posts)
14. I wish I could piss away 20 million bucks.
Fri Feb 17, 2012, 07:14 PM
Feb 2012

I'd buy all of you a multi-tool and a shake flashlight, so that you can get to your computers when the world ends sometime this year.

angrychair

(8,755 posts)
17. I find this alliance interesting
Fri Feb 17, 2012, 08:27 PM
Feb 2012

First, the 10 million means nothing to him. I read a comparsion that stated that 10 million for him is the same as someone who earned $50,000 a year giving aways $45. So, big picture, he gave Newty 20-25 million dollars but to him it was no more out-of-pocket than a average night on the town for a normal person (80-90 dollars-family of 3 or 4). Its hard to grasp that perspective when the income gap is that large but it doesn't change the fact that his gift was rather insignificant to him.
My second point is this: with all this holier-than-thou attitude and high moral ground they like to take, how is it they give a pass to taking money from a guy that made his billions through gambiling and alcohol sales? He makes his wealth on some of the very things that contribute to the moral and ethical collapse of our society. I guess its ok if you a rethug.

 

crunch60

(1,412 posts)
26. Why We Cheat: Bird Mating Habits Used To Explain Infidelity
Sun Feb 19, 2012, 12:11 AM
Feb 2012

I"m sending this to the Newt! Maybe this will stop him dumping his wives whenever they get sick. He doesn't have a Monogamy Gene!

snip:
Behavioral Neuroscience found that there is a "monogamy gene" in vole rodents that is less prevalent in its close cousin, the prairie vole. When prairie voles were injected with the gene, called the "vasopressin receptor," the usually promiscuous animals exhibited a greater attachment to their mates.

http://www.huffingtonpost.com/2012/02/17/why-we-cheat-bird-mating_n_1285827.html

BumRushDaShow

(129,987 posts)
18. Wow. Newt the Juke Box
Fri Feb 17, 2012, 09:04 PM
Feb 2012

Just insert (large amounts of) coin and watch him turn on and start spouting whatever. Like that Zoltar fortune teller machine from the movie "Big"!



jmowreader

(50,594 posts)
21. Oh goody!
Fri Feb 17, 2012, 11:13 PM
Feb 2012

Hate him or despise him, one must admit that the presence of Newt in the race makes this shit far more entertaining than it otherwise would be...two corrupt religious zealots who got their asses thrown out of Congress are better than one.

Besides, seeing as how we haven't economically recovered from the last Republican president yet, there are a lot of really nice people in the advertising business who are eating ramen every night and would REALLY love to have some real food. Newt can help with that.

 

MrSlayer

(22,143 posts)
22. Must be nice to have all that throwaway cash.
Sat Feb 18, 2012, 02:10 AM
Feb 2012

Seriously, he's pissing away tens of millions like it's nothing at all.

JI7

(89,288 posts)
23. i guess it is like nothing to him
Sat Feb 18, 2012, 03:02 AM
Feb 2012

it's like the average person spending 10 dollars on lottery tickets.

 

MrSlayer

(22,143 posts)
25. Every so often I re-realize just how much money that is.
Sat Feb 18, 2012, 05:59 AM
Feb 2012

It's kind of obscene to waste it like this.

SunSeeker

(51,800 posts)
28. Adelson wants Newt to bash Santorum so Romney stays clean
Sun Feb 19, 2012, 11:09 PM
Feb 2012

That way, when the inevitable happens and Sheldon finally abandons him for Romney, Newt will have served his purpose in knocking down Santorum with negative ads while Romney keeps his mittens clean.

Latest Discussions»General Discussion»Gingrich Patron Set to Do...