Romney backers launch ‘super PAC’ to raise and spend unlimited amounts

[onehandle]

Source: Washington Post

A group of prominent Mitt Romney backers has quietly started a “super PAC” to raise and spend unlimited amounts of money in support of his bid for the Republican presidential nomination, according to organizers and others involved in the effort.

Restore Our Future PAC, spearheaded by several former Romney aides, is the latest in an expanding list of groups that have formed to take advantage of court rulings that allow corporations, unions and tycoons to spend millions on elections without restrictions.

The development provides further evidence that Romney, a former Massachusetts governor, is shaping up as the candidate to beat in the GOP money race, and underscores the extensive role that well-funded outside groups are likely to play in the 2012 election. Restore Our Future PAC appears to be the first super PAC to form specifically in favor of one of the presidential contenders.

The group aims to go head-to-head with Priorities USA Action, a similar super PAC led by former White House aides in support of President Obama. But Restore Our Future PAC could be used to go after other Republicans if necessary in the party’s primary season, those familiar with the operation said.

Read more: http://www.washingtonpost.com/politics/romney-backers-launch-super-pac/2011/06/22/AGTkGchH_story.html

[midnight]

1. K&R These guys couldn't wait to get rid of the rules of

campaign finance... This new round of criminal is going to make Edwards look like he did nothing....

[wordpix]

2. you're right & as they rev up, O needs to rev up equally & take the gloves off

with our backing, of course.

We need a super PAC of our own, even if people are contributing $5's and $10's.

[No Elephants]

11. Obama? The guy who outraised McCain by far and promises to raise at least a billion this time?

Yeah, he really needs to get the hang of this campaign money thing.

[joeglow3]

18. Did you read the article?

Obama has had a Super PAC for a while already.

[No Elephants]

10. Both Democrats and Republicans petitioned the FEC to allow super PACS.

So, if by "these guys," you mean politicians of both Parties, you're on target. However, if you meant only Republicans, guess again.

[No Elephants]

12. AFAIK, Edwards didn't do anything but take gifts from a very wealthy woman who

knew exactly why she was giving her favorite candidate gifts--and she filed gift tax returns with the IRS at the time.

Yeah, maybe he paid whatshername to make a video of "the candidate" on the campaign trail, but I know of no law that prevents that, either.

If the D of J has evidence of anything else, I have not read about it yet.

[OKNancy]

3. Thinking of staying home? How does this sound?

President Romney. That is pretty scary IMO. I hope Obama and his team can squeeze out the cash from any and all who are interested.
I really don't care if they are bankers or tycoons. The thought of any Republican winning at this point is just too awful to contemplate.

[Iliyah]

4. It's sad

that NOW any political office is UP FOR SALE. America is being brought and believe me there are a lot of foregin monies pouring in.

[TomCADem]

21. I Remember In 2000, Dubya Was Pushed As A Moderate Republican, Compassionate Conservatism II

Romney has stgrongrly supported Gov. Walker's efforts to roll back union rights and he said that he would have signed on to Ryan's proposal to end Medicare. Yet, even as Romney bends over backwards to pander to the extreme right, the corporate media will try to sell him to the general public as a 2012 version of a compassionate conservative.

[cstanleytech]

5. We should boycott any corporation who assists these kinds of pacs.

[No Elephants]

13. Even if they're donating to Democrats? BTW. Colbert started a Super PAC.

[cstanleytech]

16. Yes even if its to dems.

The corporations are imo atleast one of the biggest problems with our country because of their meddling by buying votes from elected officials.

[Snotcicles]

6. We have to spend our resources on defeating several candidates while they need to focus on only one.

That and all the other advantages, cheats, and scams they have going.
Makes you wonder just how big the landslide would be in a fair fight.

[DinahMoeHum]

7. But only ONE of their candidates can get the nomination. . .

AND, that nominee still has to pick a running mate; AND they have to be aware of one or several of their own kind breaking off and forming a third party, which would split their votes against Obama.

Remember, the voting machine does not tally how many votes are against a candidate, only how many votes FOR a candidate.

:kick:

[No Elephants]

14. Why do we have to defeat more than one Republican candidate for President?

Anyway, this is not only about the Presidency. I'm very concerned about Congress and Governors.

At this point, I worry about the Presidency mostly because of Supreme Court nominations.

[John Paul Jones]

8. Romney and Obama are both master fund raisers...

Between the two of them, they could end up spending over $2 Billion in 2012.

[classysassy]

9. Once upon on a time

in America democracy prevailed, one man one vote,now it's the amount of money you spend so your lies can go out over our(public)airways,there is something undemocratic about that.

[No Elephants]

15. It's a matter of degree. I'm betting lies were always in politics, even before the Revolution.

With radio and tv, they became more expensive to spread, but, now, the Interet cuts into that somewhat.

[Thor_MN]

17. Restore Our Future?

Bringing back the social injustices of the past combined with the financial injustices of the Robber Barons is not the future I'm looking for...

[kiranon]

19. Money won't help him. The more you see and hear him the less

well he does. He might actually do a half way decent job as President but it's hard to get past his oddness not to mention his positions which I disagree with. But, just in terms of electability - I don't think so. IMHO, Republicans do not have anyone who could beat Obama so far.

[sofa king]

20. The money helps us immensely.

Unlimited spending on this guy--or any of the probable Republican nominees--is going to be money flushed down the drain.

Or in their own terms, the free market will quickly determine that the Republican Party is a poor investment.