‘My Super PAC Can Beat Up Your Super PAC!’

'My Super PAC Can Beat Up Your Super PAC!'

You probably think you know who’s running in the South Carolina Republican Primary. You’re wrong. The contenders are billionaires Sheldon Adelson, Foster Friess, and Jon Huntsman, Sr. They’ve given millions to huge political action committees (Super PACs) attacking the opponents of  (respectively) Newt Gingrich, Rick Santorum, and (no surprise) Jon Huntsman, Jr.

Who’s funding the Super PAC behind front-runner Mitt Romney? Bain Capital, the private equity concern he unleashed into the realm of shadow banking. Other big donors to Restore Our Future include more Wall Street types and Mr. Romney’s co-religionists, the Marriotts.

If you’re keeping score at home, here’s the Super PAC spending so far:

Restore Our Future (pro-Romney) $7 million
Make Us Great Again (pro-Perry) $3.4 million
Our Destiny PAC (pro-Huntsman) $2.1 million
Winning Our Future (pro-Gingrich) $1.3 million
Red White and Blue Fund (pro-Santorum) $694,000
Santa Rita PAC (pro-Paul) $324,000

Source: MSNBC

More:

“Billionaires weigh in with super-Pacs,” Anna Fifield, Financial Times

“The 20 Biggest Donors of the 2012 Election (So Far),” Gavin Aronsen and Dave Gilson, Mother Jones

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Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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