New Funding Climate a Boon to Romney

The fundraising environment has changed in the wake of Citizens United and other Supreme Court rulings that favor “free speech” (the right of corporations to use money to influence elections) over citizen-backed campaign finance rules. But one Republican is taking better advantage than the rest:

[Mitt] Romney thus far appears to be the only GOP presidential candidate with a super PAC publicly established to help his cause, although there are two trying to recruit others to the field. Americans for Rick Perry PAC was formally established this week, and Draft Christie for President was formed in May. Texas Governor Rick Perry is weighing a run for president; New Jersey Governor Chris Christie has said repeatedly he will not run.

While sponsors of a super PAC can raise unlimited sums from individuals, the new rules limit the candidates themselves to soliciting super PAC money within limits of $5,000 per individual. Obama has supported federal legislation that would require more disclosure and has vowed not to help Priorities USA Action or other super PACs raise money.

“Neither the President nor his campaign staff or aides will fund-raise for super PACs,’’ said spokesman Ben LaBolt. “Our campaign will continue to lead the way when it comes to transparency and reform – refusing contributions from Washington lobbyists and PACs and disclosing the names of donors who are fund-raising for the campaign.’’

A Romney spokeswoman would not say whether he or his campaign will help independent super PACs supporting him raise money. The spokeswoman, Andrea Saul, said Romney was happy to have the support given the fund-raising advantages enjoyed by an incumbent president.

“President Obama and his political team have signaled they will spend a billion dollars to hold onto power,’’ she said in a statement. “We are pleased that independent groups will be active in fighting this entrenched power so the country can get back to work.’’

Gotta love the irony of Mitt Romney–a millionaire who spent most of his career shedding jobs to “save” companies at Bain Capital–framing himself as the fighter of entrenched interests, the little guy who needs all the help he can get against Barack Obama, labor, minorities, and the poor.


Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Narcissist Trump Disdained The Wounded And Admired The War Criminal

Former President Donald Trump, Gen. Mark Milley and former Vice President Mike Pence

We’ve long known who Donald Trump is: narcissistic, impressed with authoritarian displays, contemptuous of anyone he sees as low status, a man for whom the highest principle is his own self-interest. It’s still shocking to read new accounts of the moments where he’s most willing to come out and show all that, to not even pretend to be anything but what he is—and holy crap, does The Atlantic’s Jeffrey Goldberg have the goods in his new profile of outgoing Joint Chiefs of Staff Chair Mark Milley, which focuses on Milley’s efforts to protect the military as a nonpartisan institution under Trump.

Keep reading...Show less
Ben Wikler

Ben Wikler

White House

From Alabama Republicans' blatantly discriminatory congressional map, to the Wisconsin GOP's ousting of a the states' top election official and attempt to impeach a liberal Supreme Court justice, to North Carolina's decision to allow the majority-Republican legislature to appoint state and local election board members, News from the States reports these anti-democratic moves have all recently "generated national headlines" and stoked fears ahead of the 2024 presidential election.

Keep reading...Show less
{{ }}