posted on Sep, 27 2012 @ 05:56 PM
reply to post by SaturnFX
Yep...during the Primaries Sheldon gave Gingrich almost 10 Million in a two week span...all spent on ads slamming Romney. When Romney got the
nomination Sheldon wrote Romney a 10 Million dollar check and the money has been flowing ever since.
Sheldon has a lot riding on it...He is under federal investigation for racketeering and bribery with regards to his Casinos in China. He also stands
to make Billions if the US cracks doen on China's currency...Thus Mitts recent and strange pivot to China Currency issues...it's his way of asking for
more money from Sheldon.
On June 12, 2012, Adelson donated $10 million tor the pro-Romney PAC Restore Our Future. In July, Adelson confirmed his support for Romney by
attending a Romney fundraiser held in Jerusalem where he said he will donate millions to the Romney campaign. Romney believes that China should be
called a "currency manipulator" because of its presumptively low fixed exchange rate policy, and supports pressuring China to drop the currency peg;
according to Bloomberg, Adelson would benefit financially in US dollar terms through his interest in Chinese casinos if the Chinese yuan were to
What is having a federal investigation dropped and making Billions on his Chinese casino's worth? My guess Sheldon won't throw good money after
bad...despite Romney singing to him from the podium with the China Currency bit...Sheldon is starting to realize Romney is going to lose no matter
But here is a question...what happens to unspent SuperPac money after an election?
"Candidates don't have any legal right to possess that money at all," said Jan Witold Baran, a partner at Washington D.C.-based law firm Wiley Rein.
The leftover money goes to the individual in charge of the super PAC, typically the treasurer, who is identified in the committee's FEC filing.
As Baran notes, the head of the PAC can do any number of things with the leftover cash. "The purpose of the PAC may change but they can
continue operating as long as they have money," he said. "They may support the GOP nominee in the general election." Karl Rove's super PAC American
Crossroads, for instance, supports a range of political candidates and issues.
But contributing to other campaigns isn't the only thing a super PAC is free to do. Unlike campaign money for presidential, senatorial or
congressional campaigns, super PACs are allowed to use the leftover funds for personal expenditures, said Michael Toner, another partner at Wiley
Rein. "The FEC has a prohibition on personal expenditures for campaign funds but it does not extend to super PACs," he said. "I could accept a yacht
from a super PAC, for instance."
I am starting to think that the folks running these SuperPacs have fleeced thier conservative base...They can do what they like with the
edit on 27-9-2012 by Indigo5 because: (no reason given)