Billionaire GOP super PAC benefactor Sheldon Adelson is everywhere in the presidential race this year. His latest effort: Targeting Jewish voters in Florida, Ohio and Pennsylvania.
The New York Times reports today that Adelson and other members of the Republican Jewish Coalition’s board of directors have committed $6.5 million to an effort to turn the heavily Democratic voter bloc more Republican in 2012.
But even if the effort is hugely successful, Mitt Romney is only likely to reap small gains.
If super PACs are indeed saving Mitt Romney early in the 2012 election (as we posited Tuesday morning), he’s got a lot of very wealthy people to thank for it.
About four dozen donors and families have given at least $1 million to super PACs this election cycle, with three-quarters of them giving to the GOP.
Combined, these four dozen donors have provided $130 million of the $308 million super PACs have raised this cycle (more than 40 percent) — a reflection of how much these outside groups are funded by extremely wealthy donors.
And that goes double on the GOP side, where nearly half of the $228 million raised by super PACs has come from about three dozen million-dollar donors.
The Adelson family gave a super PAC supporting Newt Gingrich another $5 million in March, bringing the family’s total investment in the lagging GOP presidential candidate’s campaign to more than $20 million.
Miriam Adelson’s latest donation to the Winning Our Future super PAC, recorded on March 21, shows up in a report filed Friday with the Federal Election Commission and comes as a bit of a surprise. Not only is it a surprise because Gingrich’s campaign has no momentum, but also because the super PAC basically hasn’t spent any of the money in the month since she gave it, and because her husband, billionaire casino mogul Sheldon Adelson, said a week after the donation that Gingrich was “at the end of his line.”
Thus, many assumed the Adelsons had stopped funding the former House speaker’s campaign.