Book of the Month

Billionaire Sheldon Adelson Says He Might Give $100M To Newt Gingrich Or Other Republican

By Steve Bertoni, Forbes Magazine, Feb. 21, 2012

[....] The man whose net worth, by Forbes’ calculations, has jumped more ($21.6 billion) during the Obama administration than any other American — Mark Zuckerberg included — wants to take the president out for economic reasons. “What scares me is the continuation of the socialist-style economy we’ve been experiencing for almost four years. That scares me because the redistribution of wealth is the path to more socialism, and to more of the government controlling people’s lives. What scares me is the lack of accountability that people would prefer to experience, just let the government take care of everything and I’ll go fish or I won’t work, etc.”

“U.S. domestic politics is very important to me because I see that the things that made this country great are now being relegated into duplicating that which is making other countries less great. … I’m afraid of the trend where more and more people have the tendency to want to be given instead of wanting to give. People are less willing to share. There are fewer philanthropists being grown and there are greater expectations of the government. I believe that people will come to their senses and not extend the current Administration’s quest to socialize this country. It won’t be a socialist democracy because it won’t be a democracy.” [....]

Read the full article at http://www.forbes.com/sites/stevenbertoni/2012/02/21/billionaire-sheldon-adelson-says-he-might-give-100m-to-newt-gingrich-or-other-republican/
In Republican Race, a New Breed of Superdonor
By Nicholas Confessore, Michael Luo and Mike McIntire, New York Times, Feb. 21/22, 2012

An exclusive club in presidential politics includes individuals, couples or corporations that have given $1 million or more to “super PACs.”

[....] “What unites them? They’re economic conservatives,” said Christopher J. LaCivita, a Republican strategist who helped advise Swift Boat Veterans for Truth, a forerunner of this cycle’s super PACs, and who in 2008 co-founded another Republican advocacy group, the American Issues Project, that ran advertisements against President Obama. “Most of these guys are serious business tycoons,” Mr. LaCivita added. “They’ve built something big — usually something bigger than themselves.” [....]

Note the accompanying Multimedia chart: Who’s Financing the ‘Super PACs’
 

Where is George Soros?
By Jane Mayer, News Desk @ newyorker.com, Feb.21, 2012

Why the billionaire may be holding back financial support from Obama’s reëlection.

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