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DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Sheldon Adelson Willing t...

Thu Jun 14, 2012, 01:26 PM

IDemo (12,371 posts)

Sheldon Adelson Willing to Spend $100 Million to Beat Obama

Source: US News

June 14, 2012

Billionaire casino magnate Sheldon Adelson just donated $10 million to Mitt Romney's Super PAC, and told Forbes he is willing to spend $100 million or more to ensure President Obama is not re-elected.

Adelson is by far the biggest political donor in American politics. Before this latest contribution, he had given more than $26 million to Super PACs in 2012, according to the Center for Responsive Politics. That includes the $21.5 million he gave to Newt Gingrich's Super PAC, which single-handedly kept the former House Speaker's presidential campaign alive. He's also given $1.3 million to state politics over the years.

While the amount Adelson is willing to spend is staggering, $100 million in political contributions would not put a dent in his largesse. His $25 billion net worth makes him the world's fourteenth-richest person, according to Forbes. To Adelson, $100 million is less than one half of one percent of his net worth—spending it would be the equivalent of a family worth $250,000 spending $1,000.

Adelson's wealth comes from his casino empire in Las Vegas and Southeast Asia. His company, The Las Vegas Sands Corp., brought in $9.4 billion in 2011, according to financial filings.

Read more: http://www.usnews.com/news/articles/2012/06/14/sheldon-adelson-willing-to-spend-100-million-to-beat-obama

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Arrow 44 replies Author Time Post
Reply Sheldon Adelson Willing to Spend $100 Million to Beat Obama (Original post)
 IDemo Jun 2012 OP
LineReply Since he's saved that much thanks to the Bush temporary tax deduction
 thelordofhell Jun 2012 #1
LineReply How about creating jobs?
 FarLeftFist Jun 2012 #2
LineReply Good for him. Throw that money away
 Autumn Jun 2012 #3
LineReply Thanks to the idiots on the SC he can do this!
 hrmjustin Jun 2012 #4
LineReply 2 ponzi schemers down, about 100 bankster CEO's remaining
 firehorse Jun 2012 #5
LineReply It would make hell a lot of sense to sic IRS at Adelson
 Woody Woodpecker Jun 2012 #6
LineReply "Adelson's wealth comes from his casino empire in Las Vegas and Southeast Asia."
 KamaAina Jun 2012 #7
LineLineReply Perhaps someone should look into how he got his
 kiranon Jun 2012 #34
LineLineLineNew Reply Someone is!
 KamaAina Jun 2012 #39
LineReply HERE's to his bankruptcy!!!!
 benld74 Jun 2012 #8
LineReply The Repigs Will Have Enough $$$ to Buy Up ALL The Advertising Time This Fall
 AndyTiedye Jun 2012 #9
LineLineReply Maybe it's time Warren Buffet and Bill Gates step up to the plate.
 BlueCaliDem Jun 2012 #10
LineLineReply Thank goodness we have "fair and balanced" reporting.
 BadgerKid Jun 2012 #11
LineLineReply Its sad to see our underfunded Education system go without while
 INdemo Jun 2012 #13
LineLineReply That's why the media never covers the issue of campaign finance reform
 Tom Ripley Jun 2012 #28
LineReply This should be a crime.
 SunSeeker Jun 2012 #12
LineReply Riddle me this, Batman.
 HughBeaumont Jun 2012 #14
LineLineReply Riddle me this. Is it really just his money?
 JDPriestly Jun 2012 #24
LineLineReply Excellent question
 Populist_Prole Jun 2012 #25
LineLineReply Precisely because he knows that he will be food for worms shortly
 Tom Ripley Jun 2012 #29
LineReply This is why screwing with electronic voting is so old school now.
 Javaman Jun 2012 #15
LineReply What happen to the people who used to hit douchebags in the face with pies? nt
 onehandle Jun 2012 #16
LineLineReply Tasers, clubs, strip searches...
 IDemo Jun 2012 #20
LineReply Does it worry anyone that we have about 10 times more money to
 INdemo Jun 2012 #17
LineReply $100 million to defeat the president, instead of using it to create jobs.
 Baitball Blogger Jun 2012 #18
LineLineReply They'll describe it as job creation,
 IDemo Jun 2012 #21
LineReply Anyone who......
 33Greeper Jun 2012 #19
LineLineReply If Someone Could Post a List of Sands Properties (and any Others He Controls) It Would be Useful
 AndyTiedye Jun 2012 #22
LineReply Casinos. Not accusing anyone, but can you think of a better way to launder
 JDPriestly Jun 2012 #23
LineReply Where are our money men and women? Soros, Buffett, Gates ...
 The Wielding Truth Jun 2012 #26
LineReply A true patriot who happens to run casinos.
 Turbineguy Jun 2012 #27
LineReply Payback
 12ZTR Jun 2012 #30
LineReply Wealthy
 lsewpershad Jun 2012 #31
LineReply He lost $2.2 billion in the last week of May.
 Prometheus Bound Jun 2012 #32
LineReply He has opened up and told the truth...That might make a great sound bite..
 Stuart G Jun 2012 #33
LineNew Reply Why Aren't Casinos Considered a Ponzi Scheme?
 bucolic_frolic Jun 2012 #35
LineNew Reply And may every penny of it be a complete waste.
 tanyev Jun 2012 #36
LineNew Reply Elephant in the room
 DonCoquixote Jun 2012 #37
LineNew Reply What is he buying?
 summerschild Jun 2012 #38
LineNew Reply I hope he spends up to $10 less than he would have needed to defeat Obama.
 DFW Jun 2012 #40
LineLineNew Reply true that
 sweetapogee Jun 2012 #41
LineLineLineNew Reply Because it's not certain, just highly likely
 DFW Jun 2012 #43
LineNew Reply Something is worth $100 million to him
 eringer Jun 2012 #42
LineNew Reply Why?
 Mz Pip Jun 2012 #44

Response to IDemo (Original post)

Thu Jun 14, 2012, 01:30 PM

thelordofhell (3,850 posts)

1. Since he's saved that much thanks to the Bush temporary tax deduction

He's more than happy to piss it away for the chance of making it permanent.........plus he's a tool.

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Response to IDemo (Original post)

Thu Jun 14, 2012, 01:31 PM

FarLeftFist (6,161 posts)

2. How about creating jobs?

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Response to IDemo (Original post)

Thu Jun 14, 2012, 01:33 PM

Star Member Autumn (11,634 posts)

3. Good for him. Throw that money away

stupid fuck. No way in hell that bum can beat Obama.

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Response to IDemo (Original post)

Thu Jun 14, 2012, 01:34 PM

Star Member hrmjustin (10,690 posts)

4. Thanks to the idiots on the SC he can do this!

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Response to IDemo (Original post)

Thu Jun 14, 2012, 01:34 PM

firehorse (755 posts)

5. 2 ponzi schemers down, about 100 bankster CEO's remaining

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Response to IDemo (Original post)

Thu Jun 14, 2012, 01:45 PM

Woody Woodpecker (562 posts)

6. It would make hell a lot of sense to sic IRS at Adelson

 

Just to see if his billion dollars are legitimate (I bet you 99.9% is not legitimate)

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Response to IDemo (Original post)

Thu Jun 14, 2012, 01:51 PM

KamaAina (45,684 posts)

7. "Adelson's wealth comes from his casino empire in Las Vegas and Southeast Asia."

I thought repukes hated the very idea of un-'Merkin furrin campaign donations.

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Response to KamaAina (Reply #7)

Thu Jun 14, 2012, 05:04 PM

kiranon (1,417 posts)

34. Perhaps someone should look into how he got his

start in the casino business and became so wealthy. I'm sure the Democrats are now that Adelson is placing such large "bets" on Romney to win.

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Response to kiranon (Reply #34)

Thu Jun 14, 2012, 05:42 PM

KamaAina (45,684 posts)

39. Someone is!

Last edited Thu Jun 14, 2012, 05:58 PM USA/ET - Edit history (2)

http://abcnews.go.com/Blotter/bribes-chinese-mob-ties-alleged-casino-gingrich-money/story?id=15455918#.TyXe_YHgdJl

The casino company run by the principal financial backer of Newt Gingrich's presidential bid, Sheldon Adelson, has been under criminal investigation for the last year by the Department of Justice and the Securities Exchange Commission for alleged bribery of foreign officials, according to corporate documents.

In a separate civil lawsuit, a former executive of the company has alleged that Adelson ordered him to keep quiet about sensitive issues at the Sands casinos on the Chinese island of Macau, including the casinos' alleged "involvement with Chinese organized crime groups, known as Triads, connected to the junket business." The triads -- Chinese organized crime syndicates -- are allegedly involved in organizing high stakes gambling junkets for wealthy Chinese travelers.


edit: Note that Adelson is here identified as a major Gingrich backer. Wonder how much legs this'll have now that he's a major Rmoney backer?

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Response to IDemo (Original post)

Thu Jun 14, 2012, 01:51 PM

benld74 (4,641 posts)

8. HERE's to his bankruptcy!!!!

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Response to IDemo (Original post)

Thu Jun 14, 2012, 01:55 PM

Star Member AndyTiedye (22,983 posts)

9. The Repigs Will Have Enough $$$ to Buy Up ALL The Advertising Time This Fall

Democrats may very well be shut out of the media entirely this fall, as the Republicans will have enough money to buy up every second of advertising time on every network in October.

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Response to AndyTiedye (Reply #9)

Thu Jun 14, 2012, 01:58 PM

Star Member BlueCaliDem (5,381 posts)

10. Maybe it's time Warren Buffet and Bill Gates step up to the plate.

They're the two wealthiest billionaires in this country, and they're both Democrats.

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Response to AndyTiedye (Reply #9)

Thu Jun 14, 2012, 02:09 PM

Star Member BadgerKid (3,745 posts)

11. Thank goodness we have "fair and balanced" reporting.

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Response to AndyTiedye (Reply #9)

Thu Jun 14, 2012, 02:14 PM

INdemo (3,160 posts)

13. Its sad to see our underfunded Education system go without while

billionaires try and buy their political puppets.Just how many new computer labs would this money buy..How many books it could buy to upgrade our school libraries and public libraries....And just think how many laid-off teachers could return to work.
This is shameful

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Response to AndyTiedye (Reply #9)

Thu Jun 14, 2012, 04:32 PM

Tom Ripley (2,754 posts)

28. That's why the media never covers the issue of campaign finance reform

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Response to IDemo (Original post)

Thu Jun 14, 2012, 02:12 PM

Star Member SunSeeker (5,334 posts)

12. This should be a crime.

But the criminals (i.e. the Repuke SCOTUS majority) are in charge and made sure not only that it is legal, but has the respectable patina of "free speech."

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Response to IDemo (Original post)

Thu Jun 14, 2012, 02:16 PM

Star Member HughBeaumont (20,543 posts)

14. Riddle me this, Batman.

Why does a soon-to-be 79 year old guy worth Twenty Five BILLION dollars care about who is President? WHY?

Ever seen Sheldon? He's got 4 . . . 6 years TOPS left on this rock, and that's being kind.

What stake does he have?

Taxes go back to Clinton levels - he's still a multi-billionaire.

Casinos get semi-regulated - he's still a multi-billionaire.

Casinos somehow get nationalized - he's still a multi-billionaire.

Even if, by some next-to-impossible scenario arose where he lost 24 billion of his wealth . . . he's still a billionaire.

Cui bono??

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Response to HughBeaumont (Reply #14)

Thu Jun 14, 2012, 02:50 PM

Star Member JDPriestly (38,342 posts)

24. Riddle me this. Is it really just his money?

I know he really holds that much money. But is he partly just a bank? And if so, who are the depositors? Or maybe I should better say, what organizations are the depositors?

I don't have any answers, but I think there is little difference between a bank and a casino sometimes. People win and lose. The person who lost big last week could just win big this week. No one regulates casinos to see if the wins and losses are for real. How could they? After all it is theoretically just chance, just the odds. Or is it? You never hear of a casino going broke. Why not? If the games are not somewhat rigged (in terms of odds of winning), then why don't casinos go broke? Or do they and we don't hear about it?

And couldn't poker games for the very rich and influential be rigged quite easily if everyone was in on it? What's more couldn't the formality of a game just be foregone?

I think that casinos are an invitation to graft and corruption. I don't know why gambling was legalized unless it was to be strictly regulated. Maybe it is. Does anyone know?

Even if it is regulated in the US, I believe that some of Adelson's casinos are offshore. Why do we allow casino money in the US?

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Response to HughBeaumont (Reply #14)

Thu Jun 14, 2012, 02:51 PM

Star Member Populist_Prole (2,604 posts)

25. Excellent question

My wingnut father was waxing enthusiastic about him in one of the many email forwards he bombards me with. Your take makes me want to ask my father as well: You're reasonably healthy, you have it made financially, no one's coming to take what you've got. Why such an expenditure of visceral energy by framing every damned thing through the politics of hate, when you could and should be happy and thankful and wanting to make peace with a world you don't have much time left on? Does he think if he makes it to the pearly gates he'll have priority boarding. I say, he may be denied boarding for being such a nasty prick, despite playing the christian card.

Why would someone want to die pissed off when they have every means to live out their golden years in virtual nirvana?

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Response to HughBeaumont (Reply #14)

Thu Jun 14, 2012, 04:35 PM

Tom Ripley (2,754 posts)

29. Precisely because he knows that he will be food for worms shortly

psychopaths enjoy the thought that they can still fuck with people from the grave

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Response to IDemo (Original post)

Thu Jun 14, 2012, 02:16 PM

Star Member Javaman (40,858 posts)

15. This is why screwing with electronic voting is so old school now.

why do it illegally when they can buy the elections now?

Don't get me wrong, I still believe elements of the repuke party will game the votes, but the rich roaches are now allowed to come out into the light and tell us all how they are going to buy the election.

And what is simply amazing is that the rank and file repukes are just okay with this.

if any believes we still have a democracy in this nation, I have a bridge to sell them.

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Response to IDemo (Original post)

Thu Jun 14, 2012, 02:20 PM

Star Member onehandle (36,000 posts)

16. What happen to the people who used to hit douchebags in the face with pies? nt

Last edited Thu Jun 14, 2012, 02:20 PM USA/ET - Edit history (2)

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Response to onehandle (Reply #16)

Thu Jun 14, 2012, 02:30 PM

IDemo (12,371 posts)

20. Tasers, clubs, strip searches...

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Response to IDemo (Original post)

Thu Jun 14, 2012, 02:21 PM

INdemo (3,160 posts)

17. Does it worry anyone that we have about 10 times more money to

compete against then we did in 2008?..Obama's message could be perfect but if he cant get it our there than we certainly have a lot of work to do...The ones we have to convince are Democrats that have said they will stay home and then there are those Democrats that are bigots that wont vote...

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Response to IDemo (Original post)

Thu Jun 14, 2012, 02:22 PM

Star Member Baitball Blogger (11,665 posts)

18. $100 million to defeat the president, instead of using it to create jobs.

What a crazy world we live in.

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Response to Baitball Blogger (Reply #18)

Thu Jun 14, 2012, 02:33 PM

IDemo (12,371 posts)

21. They'll describe it as job creation,

because they're trying to elect a Milton Friedman/Chicago School disciple (or believe he is, anyway).

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Response to IDemo (Original post)

Thu Jun 14, 2012, 02:28 PM

33Greeper (184 posts)

19. Anyone who......

patronizes a "Sands" casino is helping to defeat the president.

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Response to 33Greeper (Reply #19)

Thu Jun 14, 2012, 02:35 PM

Star Member AndyTiedye (22,983 posts)

22. If Someone Could Post a List of Sands Properties (and any Others He Controls) It Would be Useful

There has been a lot of consolidation, so it is likely that he owns more than just the casinos bearing the "Sands" name.

Do you have a list of what properties he owns? I'm sure most of us would prefer not to do business with him at all.

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Response to IDemo (Original post)

Thu Jun 14, 2012, 02:41 PM

Star Member JDPriestly (38,342 posts)

23. Casinos. Not accusing anyone, but can you think of a better way to launder

Last edited Thu Jun 14, 2012, 02:43 PM USA/ET - Edit history (1)

elicit money than to run casinos, international casinos?

Big, fat money-men go to those casinos. Who's to say whether they "lose" their money or "loose" their money once they are at the tables?

Who's to say what the country of origin is of Adelson's money?

If you wanted to change the nationality of money, let's say money from the Chinese government or from some wealthy Middle Eastern arms dealer, what better place to do it than in a casino?

I have no evidence. This is "just" a conspiracy theory.

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Response to IDemo (Original post)

Thu Jun 14, 2012, 03:00 PM

Star Member The Wielding Truth (8,450 posts)

26. Where are our money men and women? Soros, Buffett, Gates ...

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Response to IDemo (Original post)

Thu Jun 14, 2012, 03:08 PM

Star Member Turbineguy (16,655 posts)

27. A true patriot who happens to run casinos.

After all, in a republican paradise, what greater value and benefit can you give to a society and culture than gambling? OK, pimping perhaps.

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Response to IDemo (Original post)

Thu Jun 14, 2012, 04:45 PM

12ZTR (63 posts)

30. Payback

Boycott Republican businesses. Disassociate yourself from Republicans & I've included my friends & family who are on the Right.

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Response to IDemo (Original post)

Thu Jun 14, 2012, 04:47 PM

lsewpershad (1,405 posts)

31. Wealthy

racist pig. He does not give a shit about America and americans as long as he can keep his wealth at the expense of the vast majority of americans. The law of karma is a bitch for the likes of this creep......sooner or later...I wish it would be sooner.

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Response to IDemo (Original post)

Thu Jun 14, 2012, 04:51 PM

Prometheus Bound (3,489 posts)

32. He lost $2.2 billion in the last week of May.

$625 B in one day.

He's going to lose a lot more as China slows down.

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Response to IDemo (Original post)

Thu Jun 14, 2012, 04:57 PM

Star Member Stuart G (7,733 posts)

33. He has opened up and told the truth...That might make a great sound bite..

For a commercial against this.
Think about how angry some independents might get about this..Could work..??

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Response to IDemo (Original post)

Thu Jun 14, 2012, 05:07 PM

bucolic_frolic (730 posts)

35. Why Aren't Casinos Considered a Ponzi Scheme?

you give them a pile of money with the expectation, however delusional, of massive returns.

You lose.

The Guy at the Top keeps the money.

What's the difference?

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Response to IDemo (Original post)

Thu Jun 14, 2012, 05:10 PM

Star Member tanyev (22,142 posts)

36. And may every penny of it be a complete waste.

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Response to IDemo (Original post)

Thu Jun 14, 2012, 05:25 PM

DonCoquixote (5,742 posts)

37. Elephant in the room

http://www.huffingtonpost.com/2012/01/11/sheldon-adelson-newt-gingrich-israel_n_1195867.html

In other words, Adelson is an ally of Netanyahu and the other arch Zionists.

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Response to IDemo (Original post)

Thu Jun 14, 2012, 05:31 PM

Star Member summerschild (321 posts)

38. What is he buying?


I've read he hates unions and loves Israel. Supposedly he supported Gingrich because of Newt's support of Israel. The union Adelson is "PLAGUED" with is the one that represents low wage servers & such people at his casinos. Sounds like such a lovely guy - such profits and still begrudges those employees their representation for meager wages. What a winner!

So for $100 million do you think he can kill the unions and also get Romney to bomb Iran?

Found this article on his wife Dr. Miriam Adelson, and find in addition to casinos, they own a newspaper in Israel, called by some the equivalent of Fox News:

http://finance.fortune.cnn.com/2012/02/08/miriam-adelson/
"Sheldon Adelson is Jewish, but he had only visited Israel a handful of times before their marriage. It seems clear that Dr. Adelson helped bring her husband to the Israeli cause, which has also resulted in the Adelson Family Foundation, which focuses primarily on programs that benefit the state of Israel and the Jewish people. The Adelsons also own Israel's largest newspaper, the stridently pro-Netanyahu Israel Hayom. According to The Atlantic, the paper is considered "the Fox News of Israel." Finally, the couple sponsors the Adelson Medical Foundation, which focuses on promoting a collaborative approach to medical research."

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Response to IDemo (Original post)

Thu Jun 14, 2012, 08:33 PM

DFW (13,524 posts)

40. I hope he spends up to $10 less than he would have needed to defeat Obama.

Just pump a fucking fortune into the economy and have Obama re-elected anyway.

Then have the media do a zillion articles, to the extent they can get the information,
on how many millions he spent, and where, and how much too much he took as tax
deductions, so he can spend a few years of his dotage in prison for his trouble.

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Response to DFW (Reply #40)

Thu Jun 14, 2012, 09:35 PM

sweetapogee (604 posts)

41. true that

what I don't understand is WHY are we so glum in the face of CERTAIN puke defeat?

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Response to sweetapogee (Reply #41)

Thu Jun 14, 2012, 09:54 PM

DFW (13,524 posts)

43. Because it's not certain, just highly likely

And they are betting a billion dollars on our letting down our guard because of it.

We won't, but they don't know that.

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Response to IDemo (Original post)

Thu Jun 14, 2012, 09:45 PM

eringer (408 posts)

42. Something is worth $100 million to him

Isn't this the guy that wants the United States to move its embassy to Jerusalem? Someone needs to ask Romney if he will push for that if elected.

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Response to IDemo (Original post)

Thu Jun 14, 2012, 11:07 PM

Star Member Mz Pip (23,887 posts)

44. Why?

Perhaps the DNC could run an ad pointing this out and asking what Adelson expects for his 100 million dollars.

People who don't pay a lot of attention to politics and just make their decisions based on ads might sit up and take notice.

Think of what 100 million could buy.
Cancer research
Computers for a whole lot of classrooms
Health care for how many uninsured people

The Presidency. what does Adelson expect for his money???

Inquiring minds want to know.

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