Monday, June 18, 2012

Political Odd Couple

"Adelson reportedly gives $10m to pro-Romney super PAC" by Callum Borchers  |  Globe Correspondent, June 13, 2012

Restore Our Future and a legion of other conservative groups - including Americans for Prosperity, run by petroleum tycoons David and Charles Koch, and the Karl Rove-led American Crossroads and Crossroads GPS - plan to spend a combined $1 billion by Election Day, according to a report by the Politico website.

Billionaire casino developer Sheldon Adelson, the most generous identified donor of the presidential election, and Mitt Romney make an odd pair. Gambling, the foundation of Adelson’s empire, is condemned by Romney’s Mormon church. Romney told a Las Vegas television station in February that he opposes legal online poker because gambling is addictive and potentially ruinous for participants.

For his part, Adelson, who is Jewish, reportedly wanted assurance that Romney would support Israel more strongly than President Obama has.  

Which means bomb Iran because that is the only difference I see regarding Israel.

Over the years, Adelson has given $100 million to Taglit-Birthright Israel, which sponsors trips to Israel for young Jews. 

The chief executive of resort-casino giant Las Vegas Sands is worth almost $25 billion, according to Forbes magazine, a sum that makes him the nation’s seventh-richest person.  

Wow, that is 100x what Mitt is worth.

He reportedly plans to spend as much as $100 million during this election season, even though large political donations violate his own stated beliefs.

“I’m against very wealthy people attempting to or influencing elections,’’ he told Forbes in March. “But as long as it’s doable, I’m going to do it.’’  

Actually, it's not that odd at all; both are hypocrites.

--more--" 

Related: Adelson Hedges Bet on Gingrich I think it was all to stop Ron Paul.

And McCain now feels free to speak his mind?

"John McCain complains about big donations" June 16, 2012

WASHINGTON - Senator John McCain said in an interview posted online Friday that “foreign money’’ was helping fellow Republican Mitt Romney’s presidential hopes and singled out one of his ally’s most generous supporters.

McCain, the GOP’s 2008 presidential nominee, suggested casino developer Sheldon Adelson’s $10 million contribution to a pro-Romney super PAC, Restore Our Future, was a conduit for Adelson to use profits from properties in Macau to shape American elections. McCain also criticized the Supreme Court ruling that allows individuals and corporations to make such unlimited donations to nominally independent political action committees.

“That is a great deal of money. And, again, we need a level playing field and we need to go back to the realization that Teddy Roosevelt had: that we have to have a limit on the flow of money and that corporations are not people,’’ McCain said in an interview with PBS’s NewsHour.  

Also see: The Roosevelt Renovation

Related(?): Teddy Roosevelt's NY home set for $6.2M rehab

Globe took a week to get started?

Theodore Roosevelt retreat may be hit by development

Don't worry; they'll renovate.

The comment about corporations was a direct shot at Romney, who last year told a heckler at the Iowa State Fair that “corporations are people, my friend.’’ Romney’s critics seized on the comment as proof the wealthy candidate favored businesses over individuals.

McCain, a Romney rival in 2008 and now one of his top supporters, said the Supreme Court got it wrong in Citizens United, the court case that paved the way for super PACs. He called the decision “the most misguided, naive, uninformed, egregious decision of the United States Supreme Court, I think, in the 21st century.’’

“I just wish one of them had run for county sheriff,’’ McCain said of the justices.

McCain said Adelson earns his money through a global casino empire, and “much of Mr. Adelson’s casino profits that go to him come from this casino in Macau. “Obviously, maybe in a roundabout way, foreign money is coming into an American campaign,’’ McCain said.  

Yeah, he's not worried about all the loot poured in by AIPAC.

Foreign citizens cannot make political contributions to US campaigns.

Adelson is head of the Sands Corp., which owns three casinos in Macau. His company also runs Las Vegas’s Venetian complex. Forbes has estimated that he is worth $24.9 billion.

--more--"