You might remember Sheldon Adelson as the billionaire who bankrolled Newt Gingrich's campaign. Obviously that did not work out. So Adelson has made a new "bet" by passing ten million dollars to Mitt Romney's campaign.
Wait a minute, you say? It's not legal for a single individual to contribute that much cash to a presidential campaign? Oh well, I left out the fact that Adelson is technically not donating to Romney- no, he is donating to Romney's SuperPac, which is called "Restore our Future."
It's not much money for Adelson, who is worth 24 billion- so don't be surprised if the Romney SuperPac goes back to the well for several more buckets of "water." It would not surprise me if Adelson ends up passing 50 mill or even a hundred mill to Romney's cause before we reach election day.
John McCain was very uncomfortable with this:
I don't want to defend Adelson, but I'm not sure I get that bit about it being "foreign money." Even if Adelson made some money in Macau from his casino there, it's not money from the Chinese government, it's just gambling money squeezed from Chinese citizens. In the bigger picture, however, John McCain being depressed because his campaign finance law has been disemboweled by the Supreme Court decision which equates corporations with human beings, well, I share your pain John.
Actually, the fact that Adelson made some of his money in Casino gambling is sort of entertaining to me. Because Romney's plan to jump start the economy by letting rich people keep their tax money resembles a Gamble more than it resembles Restoring our Future. I'm sure it will restore Adelson's future! If those tax cuts get enacted, he would probably end up keeping enough of his future income out of the hands of the Taxman to make up for all he is spending on the 2012 election campaign. :)