Adelson: I may kick in $100 million for Romney

posted at 2:41 pm on June 14, 2012 by Ed Morrissey

Technically, pledging up to $100 million isn’t quite the same thing as “limitless,” but functionally it has to approach it, unless we’re talking about Barack Obama’s budget deficits.  Forbes interviewed Las Vegas casino mogul Sheldon Adelson and discovered that the conservative activist has not just gotten over his disappointment over Newt Gingrich’s loss in the primaries, he’s ready to pony up for the man who beat his favored candidate:

Forbes has confirmed that billionaire Sheldon Adelson, along with his wife Miriam, has donated $10 million to the leading Super PAC supporting presumptive Republican presidential nominee Mitt Romney–and that’s just the tip of the iceberg. A well-placed source in the Adelson camp with direct knowledge of the casino billionaire’s thinking says that further donations will be “limitless.”

Adelson, who has built Las Vegas Sands into an global casino empire, will do “whatever it takes” to defeat Obama, this source says. And given that Adelson is worth $24.9  billion–and told Forbes in a recent rare interview about his political giving that he had been willing to donate as much as $100 million to his initial presidential preference, Newt Gingrich–that “limitless” description telegraphs potential nine-digit support of Romney.

Adelson vehemently opposes Obama’s policy on Israel, one of the issues closest to his heart, but he also has openly spoken of his anger over Obama’s “socialization” of the US, which Forbes also notes.  Adelson is no stranger to putting his words into action, either, and not just in the context of political fights.  His resort complex, the Venetian/Palazzo, is the only non-union shop on the Vegas Strip.  He will host his second Right Online conference starting tomorrow, where I will be speaking with Scott Rasmussen on polling and analysis for the next generation of bloggers and activists. (Note: My expenses are being paid by the conference, not the resort, as is normal for featured speakers.)

Adelson will push his contributions through super-PACs, which have become a flash point in this cycle for campaign-finance activists.  Forbes asked Adelson whether billionaires like himself should be able to influence elections to this degree, but Adelson replied by noting that billionaires did it all the time — just with less transparency:

Does Adelson feel guilty about one American potentially steering the fate of the presidential election? “I’m against very wealthy people attempting to or influencing elections,” Adelson told me in February. “But as long as it’s doable I’m going to do it. Because I know that guys like Soros have been doing it for years, if not decades. And they stay below the radar by creating a network of corporations to funnel their money. I have my own philosophy and I’m not ashamed of it.”

Touchè.  A $100 million windfall will have a large impact on outside-group media buys and organizational efforts, to be sure, although it doesn’t affect Team Romney’s direct fundraising.  It’s the kind of activity that frightens Team Obama most, especially since traditional Democratic billionaires like Soros and Peter Lewis seem less inclined to do the same thing this time around.  And let’s not forget that Barack Obama was the first major-party Presidential candidate since Watergate to refuse to participate in the public financing of his campaign and the spending limits that go with it.  To a very large extent, Obama made his own bed, and Adelson will be happy to see him lying in it.


Related Posts:

Breaking on Hot Air

Blowback

Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.

Trackbacks/Pings

Trackback URL

Comments

Comment pages: 1 2

WOW, indeed. Thank you to the Adelsons, supporters of America and Israel. This is awesome news.

Don’t forget this as well:

Governor Palin Will Keynote The RightOnline Conference June 15-16 In Las Vegas

Go Sarah!!

bluefox on June 14, 2012 at 4:11 PM

Barry will be passing the hat at Sarah Jessica Parkers house tonight
Are they all putting on the feedbag there and dancin’ ’til the cows come home?

NoDonkey on June 14, 2012 at 3:28 PM

They’ll be making hay. Clip Clop Clip Clop.

Buttercup on June 14, 2012 at 4:12 PM

I remember a while back the headline was that a Rick Perry PAC “planned” to spend $60 million. In small print was that that dough wasn’t raised yet. Don’t put your planning before they’re hatched, or whatever.

Anyway, great that he’s planning to put up $100 million for Romney. Awesome city. But let’s get to it then… get er done!

anotherJoe on June 14, 2012 at 4:13 PM

Sa-weet!Public financing was so passe in ’08.

Now witness the firepower of this fully ARMED and OPERATIONAL battle station!

JAM on June 14, 2012 at 4:15 PM

…Just as long as Romney promises not to legalize online gambling.

thirtyandseven on June 14, 2012 at 4:16 PM

Your gleeful squeeing at being told that democracy is for sale is scary.

libfreeordie on June 14, 2012 at 3:10 PM

Meh, fool, because rightist money is sooooo different from leftist money. Plus, as already mentioned, Soros, Lewis, and the likes on your side.

Be objective, just once, to gain a grain of credibility.

Schadenfreude on June 14, 2012 at 4:21 PM

Adelson vehemently opposes Obama’s policy on Israel, one of the issues closest to his heart,

Ron Paul and his proto-fascist followers will be annoyed.

Alberta_Patriot on June 14, 2012 at 4:23 PM

Boy, Barry’s REALLY going to have it in for Vegas now.

Besides, Michelle likes Monte Carlo MUCH better.

NoDonkey on June 14, 2012 at 3:21 PM

I remember B.O. dissing Las Vegas. Now I wonder if Mr. Adelson was the real reason? Who knows…

bluefox on June 14, 2012 at 4:27 PM

Isn’t this the same hotel/company that does the Wounded Warrior weekend?

gophergirl on June 14, 2012 at 4:28 PM

Jeez — and here I was so proud of my $2500 donation to the Romney 2012 campaign. lawl

FlatFoot on June 14, 2012 at 3:54 PM

Much appreciated and you should certainly still be proud. That’s some serious coin in my mind. I sent him $250 (so far)and I’m proud.
This is no time to get complacent every penny counts and we have a hard fight ahead of us. Of course thanks to Adelson the war chest just got a lot fuller.

Buttercup on June 14, 2012 at 4:09 PM

Good job guys, you are both patriots!

The wife set the maximum for me to donate at $100. I sent in $41 the other day to get a bunch of bumper stickers and a yard sign. I’ll send in some more later, maybe after the VP is named to get some hats/shirts.

LevinFan on June 14, 2012 at 4:34 PM

barack will start whining about the unfairness of this in, 3. 2. 1. . . .

DuctTapeMyBrain on June 14, 2012 at 4:34 PM

Isn’t this the same hotel/company that does the Wounded Warrior weekend?

gophergirl on June 14, 2012 at 4:28 PM

yep:

http://www.cbsnews.com/stories/2008/11/09/sunday/main4586454.shtml

golembythehudson on June 14, 2012 at 4:38 PM

I wish this election was in a month. 5 months is a long fricking time.

rubberneck on June 14, 2012 at 4:41 PM

After today’s speeches, I am completely in for Mitt. Whatever he needs from me…

OmahaConservative on June 14, 2012 at 4:46 PM

The truth is, if 0bama is reelected, the dollar will lose all value anyway.

To anyone sitting on fat stacks of cash, it is literally “use it or lose it” time.

Rebar on June 14, 2012 at 4:47 PM

I hate to see an honorable American businessman like Adelson being compared to the democratics’ favorite Nazi Stooge George Soros.

How many Jews has Adelson seen off to the gas chamber, as George has?

slickwillie2001 on June 14, 2012 at 5:09 PM

StorIes like this have a bad effect. They make us relax and think : Someone else is taking care of the funding. They don’t need my 25.00 dollars. And whatever Mr Adelson decides to do, we can’t afford to relax that way.

ansonia on June 14, 2012 at 5:16 PM

Obama hates Vegas and the feeling is mutual.

All-in for Romney!

Thanks a million, Mr. Adelson!!! Or 10 million. Or 100 million.

Steve Z on June 14, 2012 at 5:17 PM

Your gleeful squeeing at being told that democracy is for sale is scary.

libfreeordie on June 14, 2012 at 3:10 PM

Projection much?

neyney on June 14, 2012 at 5:18 PM

I saw Romney speak in St. Louis last week and it was really uplifting…such a positive message of real hope and not just bumper sticker jargon. He spent an extreme amount of time shaking hands and talking to the attendees afterward; he seemed passionate and happy to have the opportunity to meet the people. I wish we could hit fast forward to November… or even better, January.

leftophobe on June 14, 2012 at 5:41 PM

And remember you can’t spell Romney without money.

Buttercup on June 14, 2012 at 5:41 PM

And remember you can’t spell Romney without money.

Buttercup on June 14, 2012 at 5:41 PM

Hilarious!

leftophobe on June 14, 2012 at 5:43 PM

Thank you and God bless you, Mr. Adelson.

ansonia on June 14, 2012 at 5:47 PM

Didn’t Obama tell McCain that he (Obama) was going to take
federal election funding, then after McCain did, Obama backed
out?

Amjean on June 14, 2012 at 5:53 PM

If you get the chance the little gondola jaunt they have at the Venetian is pretty nice. Kinda cheesy – heck, it is Vegas – but the gondoliers belt out some Italian tunes and are quite friendly.

Also, I recommend hitting this joint:

http://www.venetian.com/Las-Vegas-Restaurants/Fine-Dining/Zefferino/

We had our official 10th Anniversary meal there and it was both memorable and enjoyable.

RedNewEnglander on June 14, 2012 at 5:55 PM

I hate to see an honorable American businessman like Adelson being compared to the democratics’ favorite Nazi Stooge George Soros.

How many Jews has Adelson seen off to the gas chamber, as George has?

slickwillie2001 on June 14, 2012 at 5:09 PM

Yes, gambling money is the very definition of honorable.

No one actually wins with today’s campaign finance laws. Most of the new great business empires in hi tech and high growth companies are build by progressives. Conservatives are outnumbered on the list of the Forbes richest Americans. Old codgers like Adelson and Soros are a small part of the picture.

bayam on June 14, 2012 at 6:02 PM

Re : 5:47 comment

I meant : Thank you and God Bless you, Mr. and Mrs. Adelson.

ansonia on June 14, 2012 at 6:26 PM

Your gleeful squeeing at being told that democracy is for sale is scary.

libfreeordie on June 14, 2012 at 3:10 PM

You had no problem when Halliburton Part-Owner George Soros tried to buy the Presidency for the Democrat in 2004. Or when 1%-er Old Joe Kennedy did buy a Presidency for his son in 1960.

A+

Del Dolemonte on June 14, 2012 at 6:32 PM

bayam on June 14, 2012 at 6:02 PM

You’re Funny.

Del Dolemonte on June 14, 2012 at 6:36 PM

I hate to see an honorable American businessman like Adelson being compared to the democratics’ favorite Nazi Stooge George Soros.

slickwillie2001 on June 14, 2012 at 5:09 PM

Shel Adelson, honorable????

You gotta be kidding me!

JohnGalt23 on June 14, 2012 at 6:42 PM

Will the thought of $100M donation potentially will have an adverse effect on individual donations?

Why shell out $25 here, $50 there whenever us regular Joe’s can afford it. It might be more effective to keep my donations to the state,local, and “pet” interest levels where they could make more of a difference in an outcome.

I think it’s absolutely great Romney has Mr Adelson’s contribution in his back pocket, so to speak, but it makes me wonder where my donations would be more effective

wubu on June 14, 2012 at 6:57 PM

Consider this: the socialist media will provide axeldouche with at least $10 MILLION in FREE air time to sing the praise of TheONE – and Romney’s campaign people (and even Romney himself) won’t generally even be invited on any of the socialist network programs.

TeaPartyNation on June 14, 2012 at 7:00 PM

$100 million eh? Wow that is some real cheese there. It certainly must be sending a chill down the backs of the Obama bundlers, even as it makes them wonder what plum job that would put them in line for during an Obamatrix reloaded term.

Is Ambassador to Amazon Island available? (unless they still have that discriminatory ‘no men’ policy)

CitizenEgg on June 14, 2012 at 7:03 PM

Barry will be passing the hat at Sarah Jessica Parkers house tonight.

Are they all putting on the feedbag there and dancin’ ’til the cows come home?

NoDonkey on June 14, 2012 at 3:28 PM

They’ll be making hay. Clip Clop Clip Clop.

Buttercup on June 14, 2012 at 4:12 PM

..does that mean more cow bell?

The War Planner on June 14, 2012 at 7:06 PM

I’ve never been to Las Vegas (gambling just doesn’t appeal to me) but now I’m going to have to take a trip and, of course, stay at the Venetian.

Dark Star on June 14, 2012 at 7:14 PM

I’ve never been to Las Vegas (gambling just doesn’t appeal to me) but now I’m going to have to take a trip and, of course, stay at the Venetian.

Dark Star on June 14, 2012 at 7:14 PM

Excellent choice!

DDay on June 14, 2012 at 7:35 PM

No one actually wins with today’s campaign finance laws. Most of the new great business empires in hi tech and high growth companies are build by progressives. Conservatives are outnumbered on the list of the Forbes richest Americans. Old codgers like Adelson and Soros are a small part of the picture.

bayam

Don’t know if that is all true and don’t care. They aren’t ponying up this time for your Messiah, sweetie, so it doesn’t matter.

JAM on June 14, 2012 at 7:49 PM

Your gleeful squeeing at being told that democracy is for sale is scary.

libfreeordie on June 14, 2012 at 3:10 PM

And I’d bet the farm that you were own of those crowing in 2008 that Obama was the “billion dollar man” and didn’t give a flying fig that he broke his primary promise to go with public funding.

Of course, you are also stupid enough to buy that “majority from donors under $250 meme” too, so don’t even go there with that nonsense.

Dark Star on June 14, 2012 at 7:57 PM

No one actually wins with today’s campaign finance laws. Most of the new great business empires in hi tech and high growth companies are build by progressives. Conservatives are outnumbered on the list of the Forbes richest Americans. Old codgers like Adelson and Soros are a small part of the picture.

bayam on June 14, 2012 at 6:02 PM

And???Talk about a strawman. At least you recycle. You have come to the point in your posting career in which you no longer add anything new . You just keep recycling.

CW on June 14, 2012 at 8:44 PM

brayam on June 14, 2012 at 6:02

PM

Oh and of course that is why the left hates the recent SCOTUS decision regarding campaign funding….errr…wait a second…aw …just forget it .

/

CW on June 14, 2012 at 8:46 PM

Thank you Mr.& Mrs Adelsons.

Zcat on June 14, 2012 at 9:00 PM

The trolls sure are mad that their side is getting beaten at its own game.

CurtZHP on June 14, 2012 at 9:02 PM

This is payback and pushback to balance the books against all the money that came from Soros and the rest of the lefturds. Add my thanx to the Adelsons.

stukinIL4now on June 14, 2012 at 9:05 PM

Mr & Mrs Adelson are Conservative, anti-union/ pro-right-to-work, pro-capitalism, pro-Consitutional Republic, pro-Israel (the Middle east’s only true democracy), anti-Obama, pro-Gingrich/ Romney – what’s not to like?

I have never vacationed in Las Vegas but when (not if) I do, I will make sure I stay at his casino hotel, the Venetian.

Thank you, Mr & Mrs Adelson!

CatchAll on June 14, 2012 at 10:11 PM

Your gleeful squeeing at being told that democracy is for sale is scary.

libfreeordie on June 14, 2012 at 3:10 PM

How did you feel about President Obama going back on his promise of public funding for his 2008 run?

ccrosby on June 14, 2012 at 11:41 PM

And remember you can’t spell Romney without money.

Buttercup on June 14, 2012 at 5:41 PM

Likewise, you can’t spell Obama without “boa” (as in constrictor).

Our nation’s economy is having the life squeezed out of it by this Marxist/amateur/thug, while starry-eyed enamored fools continue to support him.

E-R

electric-rascal on June 15, 2012 at 12:26 AM

Your gleeful squeeing at being told that democracy is for sale is scary.

libfreeordie on June 14, 2012 at 3:10 PM

Wadamatter, you like democracy only when it’s bought by Soros :)… What happened to the equal opportunity thingy so dear to libtards :)…can our rich guys (as opposed to your rich guys) have a go at it too? :).. Dunno why something tells me that I will like much, much more fhe democracy ‘bought’ by Adelson than the one bought by Soros..might be just me, but .methinks it will be more fun :)…

jimver on June 15, 2012 at 12:29 AM

Team Obama:

2008 – All this money means people want Hope & Change.
2012 – All this money is evil.

Boy they suck at this game.

goflyers on June 15, 2012 at 12:51 AM

Yes, gambling money is the very definition of honorable.

No one actually wins with today’s campaign finance laws. Most of the new great business empires in hi tech and high growth companies are build by progressives. Conservatives are outnumbered on the list of the Forbes richest Americans. Old codgers like Adelson and Soros are a small part of the picture.

bayam on June 14, 2012 at 6:02 PM

Aww, and when you think of how Dear Leader could bave redistributed those ‘dishonourable gambling money’/profits :)….so outrageous that people are actually allowed to spend the money the way they think fit :)….As for your other statement, as usually you are sooo full of it….conservatives on Forbes 400 actually donate more money to conservative causes than the progressives to the peogressive causes…oh, and btw, as of now, there are 30 billionaires currently donating for Romney, you think they might be progressives??.. :)….

jimver on June 15, 2012 at 1:17 AM

I am thoroughly disgusted by the hypocrisy of those on the left who pretend to be indignant by the way Romney is receiving money from private donors. “Greed! Money! Evil!” they shout.

Where were Democrats when McCain offered to go the route of public financing in 2008? Nobody can argue that McCain did this with cynical motives. He’s been championing public financing all his political career. Where were the Democrats? Why weren’t they rioting in the streets when Obama turned this offer down?

Where were the Democrats when Obama accepted more contributions from Wall Street last election than McCain? Where are they now? Are Democrats aware that Obama goes to four or five fund raisers each day, and has been to more of these than the last five presidents combined–charging $40,000 per plate at his most recent one, but oftentimes more?

Where were Democrats when British Petroleum gave more money to Obama than they did to McCain? Are Democratic partisans who visit this site aware that a lax enforcement of oil-drilling regulations in great part led to one of the “greatest oil spill disasters of all time”? Where was the outcry? Where was all the noise?

The Democratic party is the party of selfishness and corruption. People vote Democrat for two reasons: 1) greed (for larger pensions, identity-group rights that are hard to obtain constitutionally, kickbacks to their favored progressive industry, etc.) or 2) ignorance. If liberals were honest they would admit that corruption is actually appealing to them. They chose a Chicago thug as their leader and Alinsky and Lenin are their real role models.

Burke on June 15, 2012 at 8:04 AM

I have never vacationed in Las Vegas but when (not if) I do, I will make sure I stay at his casino hotel, the Venetian.

Thank you, Mr & Mrs Adelson!

CatchAll on June 14, 2012 at 10:11 PM

You won’t find a better place to stay…

right2bright on June 15, 2012 at 8:15 AM

Didn’t Obama tell McCain that he (Obama) was going to take
federal election funding, then after McCain did, Obama backed
out?

Amjean on June 14, 2012 at 5:53 PM

Absolutely correct, and the press never challenged him on backing away from his promise…once he smelled the money, he was a goner.

Here is the difference…$100 million, a huge amount, except to someone like Mitt, he was doing billion dollar deals when Obama was still smoking his weed.

right2bright on June 15, 2012 at 8:19 AM

So the left can’t help themselves…

again..

Oh that E-Vol Vegas Billionare is.. hissssss… IMMORAL… but their filthy Nazi collaborater, currency manipulater who’s Persona non Grata in a dozen countries for trashing their currency and throwing millions into poverty… why.. They just adore his greasy wrinkled self.. his Nazi connections and Israel bashing lifestyle just makes them swoon… or something. How many of their bundlers have run afoul of the law?.. too many..

If liberals weren’t such outrageous hypocrites without any scruples about where their money comes from, they might actually have a valid argument about money in politics..

but they have no valid point, because the democrats attempts at campaign finance reform have always been openly about one thing.

Turning on the money spigot for themselves, while doing everything short of murder to completely defund the GOP. They don’t even bother lying about it, a liberal sees nothing wrong with twisting the laws to favor themselves.

That’s one of the reasons so few people will admit to being liberal/progressive.. They have the ethics of goats, and all the tables manners as well.

mark81150 on June 15, 2012 at 8:38 AM

If liberals weren’t such outrageous hypocrites without any scruples about where their money comes from, they might actually have a valid argument about money in politics..

Mark, your entire comment was well stated. About the quote above in particular, the truth is that there is a need for reform in politics, since there’s far too much corruption–but please, let me not hear another word from liberals or Democrats who have beclowned, disgraced and discredited themselves over the last four years in particular by their huge hypocrisy.

Sarah Palin was on the right track and I think would have led us in the right direction; it’s a shame she lacks much traction at this point since real reform will take great effort.

First things first. Get the Chicago thug out of the White House.

Burke on June 15, 2012 at 9:13 AM

I hope Adelson is ready for all the twisted bile about big money, buying elections, inherent corruption, etc. He seems quite able to handle it. Just keep up the Soros mentions, the ones you never hear, the ones you never see on the insane left wing blogs while they screech about the Koch brothers. And they’re not even Nazi’s, who helped kill jews in WW II, like Mr.Soros. So we will hear more about the corruption of big money, and it’s not hypocrisy in most cases, no, it’s lunacy. Glad to have Adelson on our side.

arand on June 15, 2012 at 9:47 AM

Sheldon Adelson is a great patriot!

THANK YOU, Mr. Adelson, thank you for standing up for your country. We wish there were more people like you.

I will try to make a point to visit any of your casinos or hotels.

bluegill on June 15, 2012 at 12:20 PM

Where were Democrats when British Petroleum gave more money to Obama than they did to McCain? Are Democratic partisans who visit this site aware that a lax enforcement of oil-drilling regulations in great part led to one of the “greatest oil spill disasters of all time”? Where was the outcry? Where was all the noise?
Burke on June 15, 2012

Burke – excellent point!

I’ll go further. The Libtard MSM deliberately never reported the fact that BP British Petroleum racked up a violations list with EPA and OSHA more than all the other O&G companies combined. Tony Hayward was no dumbass – he knew which candidate (Obama) was the best one to bribe with political campaign cash.

Then when the BP Spill outrage grew loud enough that even the Libtard MSM began reporting on it, they tarred the entire O&G industry with the same brush. So did the Obama Admin, using that as their excuse to impose an illegal foot-dragging drilling permit moratorium (“permitorium”) on the O&G industry for the despicable actions of one renegade company, BP. The Obama Admin has been found in contempt TWICE for their illegal actions against the O&G industry.

CatchAll on June 15, 2012 at 1:32 PM

Glad to see more campaign dollars and I’m donating also.

The way things are looking, especially after Obama’s end run around the Constitution yesterday….4 more years of this administration will pretty much be the end of this country as we know it.

Any campaign contribution today that can help defeat Obama will more than pay for itself in the future, not just monetarily.

celt on June 16, 2012 at 10:25 AM

Comment pages: 1 2