Super Pac | featured news

The Obama campaign on Tuesday shrugged off reports showing that Republican challenger Mitt Romney outpaced the president by $35 million in contributions last month, even after firing off a dire message to donors warning of defeat in November if fundraising doesn’t improve... Obama representatives also blasted the Republican super PACs. “You’ve got a few very wealthy people running around trying to purchase the White House for Mr. Romney,” White House senior adviser David Plouffe told ABC’s “Good Morning America” on Tuesday.

...And that will all come on top of the barrage of negative ads from Republican groups. Despite the conventional wisdom that Obama would attack Romney to distract from the poor state of the economy, the Post finds that 100 percent of the ad spending from GOP-aligned groups Americans for Prosperity, the American Energy Alliance, American Crossroads and Crossroads GPS have been negative. 58 percent of Romney’s spending has been on negative ads, compared to only 44 percent of Obama’s. If anyone can win this election on the strength of a barrage of misleading negative ads, it won’t be Obama, it will be his opponent.

A super PAC backing President Obama is out with a new TV ad today criticizing Mitt Romney for making money on business deals in which companies went bankrupt... "For every company he drove into the ground, Romney averaged a $92 million dollar profit," the narrator says. "Now he says his business experience would make him a good president? If Romney wins, the middle class loses."

Democrats are stepping up the pressure on politically active nonprofit groups to divulge their largest donors, part of a broader partisan debate over disclosure rules that has spilled into the race between President Obama and Mitt Romney.

Despite the uptick in money going to the super PAC, Obama campaign officials said Wednesday the other side will still have the advantage in outside money. They are prepared for the president to be the first incumbent who will be outspent by a challenger — bracing for Romney and his allies to pump more than $1 billion into TV ads alone.

Democratic President Barack Obama's top campaign lawyer filed a complaint with the federal election regulator on Tuesday, demanding that the well-heeded and high-spending Republican advocacy group Crossroads GPS disclose its donors... "There has never been any doubt about its true purpose: to elect candidates of its choice to the presidency and Congress," Obama campaign lawyer Robert Bauer wrote in his complaint to the FEC, posted online by the New York Times on Tuesday alongside the letter to Crossroads GPS that accompanied it.

Sheldon Adelson has reportedly given $10 million to Republican Mitt Romney’s Super PAC. This should come as no surprise and expect the $10 million to be just be the beginning of a total gift that Adelson, the billionaire owner of the Las Vegas Sands casino empire, will likely rain on the Romney campaign.

Crossroads GPS, the sister organization to the super PAC American Crossroads, is launching a $7 million TV ad Tuesday blasting President Obama over the national debt, and accusing him of "growing our debt faster than our economy.

It may be the president’s turf, but Chicago is also Mitt Romney’s kind of town. Two Illinois billionaires have donated a combined $1.1 million to Restore Our Future, the super PAC supporting Romney’s presidential campaign. Hedge funder Kenneth Griffin has given $1,050,000 and real estate baron Sam Zell has given $100,000. Both men also contributed to American Crossroads, the super PAC founded by Republican strategist Karl Rove. Griffin has given $1 million since August and Zell has contributed $100,000. Griffin also sent $440,000 to the Republican Governors Association this year.

Ever since the Supreme Court’s Citizens United decision in 2010 struck down restrictions on the ability of corporations to spend money in political campaigns, Democrats have been warning their followers that a tidal wave of conservative cash threatened to swamp liberal candidates.