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After months on the sidelines, major liberal donors including the financier George Soros are preparing to inject up to $100 million into independent groups to aid Democrats’ chances this fall. But instead of going head to head with the conservative “super PACs” and outside groups that have flooded the presidential and Congressional campaigns with negative advertising, the donors are focusing on grass-roots organizing, voter registration and Democratic turnout.
“George Soros believes the Supreme Court’s decision in Citizens United opened the floodgates to special interests’ paying for political ads,” said Michael Vachon, a spokesman for Mr. Soros. “There is no way those concerned with the public interest can compete with them. Soros has always focused his political giving on grass-roots organizing and holding conservatives accountable for the flawed policies they promote. His support of these groups is consistent with those views.”
http://www.nytimes.com/2012/05/08/us/po ... .html?_r=1
... the President will need to raise close to $1 billion to run for re-election. That’s 1000 million. The president only needs $940 million to go. So although we can't buy your vote, the President could certainly put your cash to good use.
http://obamasuperpac.com/
Obama-Endorsed Super PAC Priorities USA Action Improves Fundraising
Priorities USA Action, a super PAC endorsed by President Barack Obama, reported its best fundraising month with a March haul of $2.5 million, according to a report filed Friday with the Federal Election Commission. The super PAC, run by former White House communications aide Bill Burton, had struggled to raise money while Republican super PACs raised huge sums until the president's endorsement.
The super PAC's money came from some unexpected sources. Unlike the Republican super PACs with their well-known donors, Priorities USA Action's donor list does not read like a rock star list of Democratic donors. There is no George Soros, Peter Lewis, Haim Saban or Steve Bing. Instead, there are less-known individuals and, in what might become a trend, a high-profile, foul-mouthed comedian.
http://www.huffingtonpost.com/2012/04/2 ... 42179.html
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FredHayek wrote: I have been hearing conflicting reports about how well Obama & Romney have been doing with fundraising. But one billion, if he does achieve it will be staggering.
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Depends on what your dream is. To me, the dream is to create a business (again), employ lots of people, and retire before I'm too old to enjoy it. My nightmare would be to get involved in the government cesspool.FredHayek wrote: And while the income inequality people like to believe people don't have a chance unless they were born with a silver spoon in their mouth, consider the last 2 Dems who became President, Obama, who came from a broken home and was essentially raised by his grandparents, and Bill Clinton who lost his dad and was raised by a single mom. The American Dream is still possible.
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