Mitt Romney, 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."

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.

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.

December 2011 was a busy month for supporters of presidential candidate Newt Gingrich. The former speaker of the House had surged ahead of his Republican rivals in several polls. Suddenly he was being barraged by negative TV ads produced by Restore Our Future, a Super PAC for rival candidate Mitt Romney.

An independent group backing Republican Mitt Romney is spending nearly $4 million on ads in nine battleground states. An organization that tracks TV spending by political campaigns says the Romney-aligned Restore Our Future has bought television ad time in Florida, North Carolina, Ohio, Michigan, Iowa, Colorado, Nevada, Virginia and New Hampshire.

A pro-Romney super PAC received $400,000 from a West Palm Beach, Fla., company that has been listed as inactive in state since March 2011.

President Barack Obama raised a combined $53 million for his campaign, the Democratic Party and other campaign-related funds in March. He's preparing to face Mitt Romney and a rejuvenated GOP in the general election.

Amid a growing perception that Mitt Romney will be the party’s nominee, the biggest of the Republican “super PACs” is set to begin its first major anti-Obama advertising campaign.