Saturday, November 18, 2017

Obama faces growing GOP super PAC financial power

RECOMMENDED READING


WASHINGTON — Major donors supportive of President Barack Obama and Republican challenger Mitt Romney spent millions of dollars last month to get their candidate elected. But outside political groups helping Romney are poised to account for a growing share of that fundraising largess.

Both Obama and Romney's campaigns showed strong fundraising hauls in May. Romney's campaign joined with the Republican Party to raise more than $76 million last month, outpacing Obama and the Democrats' $60 million haul during the same period.

Meanwhile, GOP-supportive "super" political committees — operating under relaxed campaign-finance regulations — are expected to bring in more than $1 billion this election, according to an Associated Press review of past campaign spending data and fundraising projections. That includes cash that outside groups have spent on expensive advertising critical of Obama.

The calculus raises the specter that Obama, who broke fundraising records four years ago by hauling in $750 million, may be the first incumbent president to be out-raised by his opponent. Super PACs can raise and spend unlimited amounts of cash but can't coordinate their efforts with the candidates they support.

One group, Restore Our Future, on Wednesday reported raising $8 million in May and $64 million so far. It spent more than $55 million to defeat Romney's opponents during the GOP primary, and it plans high-dollar financial aid from both Romney supporters and his former opponents' donors.

The biggest contributions to Restore Our Future came from a trio of firms linked to Houston-based businessman Robert T. Brockman, who previously backed a super PAC supporting Romney rival Texas Gov. Rick Perry.

Comments

AP Top News at 6:01 a.m. EST

AP Top News at 6:01 a.m. EST
Updated: 18 minutes ago
AP PHOTOS: Many Bosnian war victims still unidentified

AP PHOTOS: Many Bosnian war victims still unidentified

AP PHOTOS: Many Bosnian war victims still unidentified
Updated: 19 minutes ago

Macron's upstart party chooses new leader, amid tensions

French President Emmanuel Macron's centrist party has chosen a new leader, as the 19-month-old movement tries to overcome divisions and solidify its position after redrawing France's political landscape
Updated: 26 minutes ago

Finns scramble to calculate path of blazing Arctic meteorite

Finnish experts were scrambling to calculate the trajectory of a blazing fireball which lit up the dark skies of Arctic Finland for five seconds in an attempt to find the celestial body
Updated: 29 minutes ago
Giddy Zimbabweans gather in capital to march against Mugabe

Giddy Zimbabweans gather in capital to march against Mugabe

Giddy Zimbabweans gather in capital to march against Mugabe; 'It's like Christmas'
Updated: 1 hour ago
Giddy Zimbabweans gather in capital to march against Mugabe

Giddy Zimbabweans gather in capital to march against Mugabe

Giddy Zimbabweans gather in capital to march against Mugabe; 'It's like Christmas'
Updated: 1 hour ago
The Latest: 'Allow us to soak in this moment,' Zimbabwe says

The Latest: 'Allow us to soak in this moment,' Zimbabwe says

The Latest: After repression, 'allow us to soak in this moment,' Zimbabwe publisher says
Updated: 1 hour ago
Sexual misconduct claims roil Alabama campaign, divide women

Sexual misconduct claims roil Alabama campaign, divide women

GOP Senate candidate Roy Moore's wife is standing by her embattled man, and she has gathered other Alabama women to his cause _ but not everyone is sticking with him
Updated: 1 hour ago

MSF says it can't deliver live-saving aid to Yemen capital

An international aid group says it has not been able to deliver live-saving medical and humanitarian assistance to the people in dire need in Yemen's capital
Updated: 1 hour ago

Palestinians reject 'extortion' in face of US move

The Palestinian foreign minister says the Palestinians will not give in to "extortion" after a U.S. threat to close their diplomatic mission in Washington
Updated: 1 hour ago