Who Is Giving

http://www.futureofcapitalism.com/2010/10/who-is-giving

From a New York Times article headlined "Bob Perry, Longtime GOP Donor, Adds Millions":

Mr. Perry is atop a group of megadonors who have contributed $1 million or more this year to Republican groups like American Crossroads and the Republican Governors Association. Others include Robert B. Rowling, a Texas billionaire; Wayne Hughes, the chairman and founder of Public Storage; Harold Simmons, another Swift Boat financier; Jerry Perenchio, a former chairman of Univision; Trevor Rees-Jones, a Dallas oil-and-gas billionaire; Paul Singer, a Manhattan hedge fund manager; and Sheldon Adelson, a casino magnate.

What do all these givers have in common? Notwithstanding President Obama's scare campaign, they are individuals, not corporations. They are Americans, not foreigners. And they are named, not anonymous. All the hype about the Citizens United ruling opening the floodgates to anonymous donations from foreign companies is just that: hype.

by Ira Stoll  |  Oct 22, 2010 at 8:42 am Related Topics:  Campaign Finance, Politics, President Obama receive the latest by email: subscribe to the free futureofcapitalism.com mailing list