Millionaire Romney Gets Money Boost From Super PAC
A group of prominent Mitt Romney backers has quietly launched a “super PAC” to raise and spend unlimited amounts of money in support of his bid for the White House, according to organizers and others involved in the effort.
Restore Our Future PAC, spearheaded by several prominent GOP strategists, is the latest in an expanding list of new groups that have formed to take advantage of court rulings allowing corporations, unions and tycoons to spend millions of dollars on elections without restrictions.
Romney, who donated millions of his personal fortune to his failed 2007/08 campaign and raised $10 million in a single day in mid May, continues to solidify his front-runner status and seems intent on drowning out his rivals with his financial edge. The U.S. Supreme Court, with Citizens United and other campaign finance rulings, is doing its part to ensure the 2012 presidential election is defined by unlimited donations to candidates, and Romney is surely grateful for it. [The Washington Post]