GOP megadonor Sheldon Adelson, wife finance anti-Biden group




  • In Business
  • 2020-10-15 23:12:42Z
  • By Associated Press
GOP megadonor Sheldon Adelson, wife finance anti-Biden group
GOP megadonor Sheldon Adelson, wife finance anti-Biden group  

WASHINGTON (AP) - Republican megadonor Sheldon Adelson and his wife have given $75 million to a new super PAC that is attacking Democratic nominee Joe Biden, an investment made amid GOP concern that President Donald Trump's campaign is flailing and might not be able to correct course.

The money from Adelson has been the driving force behind a $68 million attack campaign against Biden by the group Preserve America, which launched in August. It is run by Chris LaCivita, the strategist behind the 2004 Swift Boat Veterans for the Truth campaign, which helped tank then-Democratic nominee John Kerry's bid with misleading ads that questioned his record in the Vietnam War.

The Adelsons' role in Preserve America, as well as the amount of money both he and his wife, Miriam, contributed were unclear until Thursday, when the group filed its first mandatory disclosure with the Federal Election Commission.

The creation of the group is a sign that some Republican donors are worried by the approach taken by Trump's campaign, as well as his officially sanctioned super political action committee, America First Action.

"America First made a series of tactical mistakes" and "peaked too early" while groups supporting Biden "hit the right buttons," said Dan Eberhart, a Republican donor who has given over $190,000 to Trump's election efforts, including $5,000 to America First Action.

A spokesperson for Adelson, who is the chair of the Sands casino corporation in Las Vegas, did not respond to a request for comment. Preserve America declined to comment.

Preserve America came into existence at the end of a tumultuous summer in which Trump's standing in the polls took a hit over his handling of the coronavirus and the resulting economic downturn.

Trump's campaign and America First Action collectively spent over $247 million on TV and Facebook advertising between April and August, according to data collected by the ad tracking firm Kantar/CMAG. But the ads fell flat, did little to dent Biden's lead in the polls and lacked a thematic approach to build a case against Biden.

Meanwhile, donor angst was growing over the Trump campaign's management of money - a concern that grew more acute after Biden reported record-breaking fundraising hauls and eclipsed Trump's once-massive cash advantage, according to three Republican strategists familiar with the matter.

Lavish paydays for Trump-affiliated consultants, a fleet of luxury vehicles purchased by former campaign manager Brad Parscale and the campaign's sprawling footprint led some donors to question whether giving more money was a wise investment, said the strategists, who spoke on condition of anonymity to discuss private conversations.

Enter Adelson.

A major funder of Republican causes, Adelson has donated over $250 million to GOP candidates and groups since 2015.

That includes $1.6 million the Adelsons donated to Trump's campaign, as well as $10 million they gave to America First Action in 2018, FEC records show.

But the cash infusion to Preserve America in the closing months of the campaign is the first major donation by the Adelsons to Trump's election effort that is on the level of their past giving to the party. During the 2018 midterms, for example, they gave $105 million to the two main super PACs supporting Republican Senate and House candidates, records show.

America First Action spokesperson Kelly Sadler said she has not heard from anyone who is dissatisfied with the group's approach. And she noted that the group is coordinating advertising buying decisions with Preserve America.

"It's our job as a Super PAC to define Joe Biden," Sadler said in an email. "As you've seen in the public polls, concerns of voters have shifted from the coronavirus, to now the economy. We are shifting our messaging to Biden's tax increases and why a Biden administration would devastate the economy."

In a series of tweets on Tuesday, Trump dismissed the idea that his campaign is running low on money, and he floated the possibility that he could use some of his own in it.

"I keep reading Fake News stories that my campaign is running low on money. Not true, & if it were so, I would put up money myself," he tweeted.

In another tweet, he defended the hundreds of millions his campaign has spent so far.

"Much of the money we have spent is on our ground game, said to be the best ever put together. I'll let you know how good it is on November 3rd. Very expensive to do, but opportunity could be BIG!" he added.

COMMENTS

More Related News

Pelosi Cites Population Growth to Defend Potential Court-Packing Push
Pelosi Cites Population Growth to Defend Potential Court-Packing Push

House Speaker Nancy Pelosi on Monday cited population growth while making a hypothetical case for adding justices to the Supreme Court, saying that perhaps the country needs more district courts as well to account for the larger population.Asked on MSNBC whether she is "open to efforts" to add seats to the Supreme Court, known as packing the court, Pelosi left the question open."I think that Joe Biden has given us a good path. He's going to have something that people can understand why this is important," Pelosi said moments after the Senate voted to confirm Judge Amy Coney Barrett to the Supreme Court Monday evening."Not just the Supreme Court but the other...

Food workers, rural Americans go hungry despite U.S. government farm aid
Food workers, rural Americans go hungry despite U.S. government farm aid
  • US
  • 2020-10-27 11:09:33Z

Yessenia Cendejas pulled up to a moving truck filled with donated food in northeastern Wisconsin, arriving at the mobile food bank straight from her job at a pizza-crust factory, to get sustenance for herself and five children. Cendejas, 35, took a second job at a fast-food restaurant in Green Bay - whose county has Wisconsin's highest number of COVID-19 cases per capita - after her factory employer reduced her hours, but says her income is now half of what it was. As hunger rises in America, the Trump administration's response to the COVID-19 pandemic and its economic fallout is under scrutiny ahead of the Nov. 3 election that could be decided by hotly contested Midwestern states like...

Pfizer not yet ready to release COVID-19 vaccine data
Pfizer not yet ready to release COVID-19 vaccine data
  • US
  • 2020-10-27 10:51:32Z

Pfizer said in a presentation that the independent monitor which will determine whether or not the trial has been successful has not conducted any interim efficacy analyses yet. Chief Executive Albert Bourla has previously said the company could release data on whether or not the vaccine works as early as this month. U.S. President Donald Trump had said a vaccine could be available before the Nov. 3 election, but in recent weeks his administration has emphasized that one will be ready this year.

Election 2020 Today: Biden hits road, Barrett
Election 2020 Today: Biden hits road, Barrett's 1st cases
  • World
  • 2020-10-27 10:32:48Z

ON THE TRAIL: President Donald Trump will be in Michigan, Wisconsin and Nebraska; Democratic challenger Joe Biden will be in Georgia; Vice President Mike Pence will be in North Carolina and South Carolina; and Biden's running mate, Kamala Harris, will be in Nevada. BIDEN HITS ROAD: Joe Biden intends to use the final week before Election Day to go on offense, heading to Georgia and planning travel that may put President Donald Trump on defense in other states he won four years ago.

Wall Street banks and their staff are leaning left
Wall Street banks and their staff are leaning left
  • US
  • 2020-10-27 10:32:00Z

Wall Street banks and their employees have been leaning left in recent years, increasing the proportion of cash allocated to Democrats. Here is the breakdown for the 2020 election cycle, based on data compiled by the Center for Responsive Politics. Democratic presidential nominee Joe Biden has dramatically outpaced Republican President Donald Trump in total fundraising during the final months of the campaign ahead of the Nov. 3 election, and that is also true when it comes to winning cash from the banking industry.

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Business