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Spending blitz by outside groups helped secure big GOP wins

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somone Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-03-10 08:46 PM
Original message
Spending blitz by outside groups helped secure big GOP wins
http://www.msnbc.msn.com/id/39995283/ns/politics-decision_2010/

Spending blitz by outside groups helped secure big GOP wins
Hedge fund moguls helped bankroll groups' attack ads, sources tell NBC News
By Michael Isikoff and Rich Gardella

A tightly coordinated effort by outside Republican groups, spearheaded by Karl Rove and fueled by tens of millions of dollars in contributions from Wall Street hedge fund moguls and other wealthy donors, helped secure big GOP midterm victories Tuesday, according to campaign spending figures and Republican fundraising insiders.

Leading the GOP spending pack was a pair of groups — American Crossroads and its affiliate, Crossroads GPS — both of which were co-founded by two former aides in the George W. Bush White House: Rove, and Ed Gillespie.

Together, the groups — which are not formally part of the Republican Party — spent more than $38 million on attack ads and campaign mailings against Democrats, according to figures compiled by the Sunlight Foundation, a nonpartisan group that tracks campaign spending in congressional races.

A substantial portion of Crossroads GPS’ money came from a small circle of extremely wealthy Wall Street hedge fund and private equity moguls, according to GOP fundraising sources who spoke with NBC News on condition of anonymity. These donors have been bitterly opposed to a proposal by congressional Democrats — and endorsed by the Obama administration — to increase the tax rates on compensation that hedge funds pay their partners, the sources said.
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gratuitous Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-03-10 08:49 PM
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Wait; are we supposed to be talking about that?
I didn't think that was allowed.
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Blue_Tires Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-03-10 11:04 PM
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3. nah, we're supposed to be talking about the new 'independent' populist wave
:sarcasm:
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RandomThoughts Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-03-10 08:49 PM
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1. There use of labels is abhorent.
To use opposite labels to play on the programmed macros of people, is a form of manipulation that is of the worst of deception.

However, they can not argue that the guy in the 'Like a Rock' video looks alot like me :)

So there!
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applegrove Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-03-10 10:26 PM
Response to Original message
2. They have so much these rich people. Why do they want so much more?
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