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The Billionaire Funding Santorum's Run

 
 
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I for one am delighted to have our elections decided by people with ungodly amounts of wealth. That way I don't have to worry about which candidates are successful and which are not. For example, now I know Rick Santorum, the man who once claimed homosexuality would lead to man on dog sex is a serious contender for the GOP nomination because the big money says he is.

A billionaire Wyoming investor has pledged to give up to a half-million dollars in matching money to an outside spending group that supports Rick Santorum for the GOP presidential nomination.

Foster Friess put up a good chunk of the $537,000 that the Santorum "super" PAC, the Red White and Blue Fund, spent on ads to help the candidate come in a close second to Mitt Romney in the Iowa caucuses earlier this month.

Now the 71-year-old Friess says he's sent a note to 5,000 "sportsmen" pledging to match whatever they donate to the super PAC, up to $500,000, which could be crucial to Santorum's chances of halting Romney's march to his party's presidential nomination. [...]

Friess made his fortune running mutual funds and is a keen stock picker. He's a veteran supporter of conservative causes, a born-again Christian and an ally of the much-richer Koch brothers, wealthy industrialists who bankroll many conservative causes.

Read more here. 

Now to you or me, tossing $1 MILLION dollars at a politician whose career was recently deemed beyond salvageable by veteran politicos in his own party, might seem a tad Quixotic. But that is just because we don't understand the new dynamics of the pay to win the electoral game like Mr. Friess does. Besides, what is $1 Million of negative attack ads to someone whose net worth exceeds that of the average American by a factor of at least 10,000. Why to Mr. Friess, Wall Street speculator extraodinaire, its no more than .01% of his stash. Less than chump change.

Besides Mr. Friess has lots of friends who think spending loads of money on presidential campaigns is a worthy use of their money. After all, as the AP reported no other factor this year has correlated better with primary success to date than spending by Superpacs. In both Iowa and New Hampshire, the more money that was spent on a candidate's behalf, the better that candidate did at the polls.

No wonder Mr. Friess calls the Koch Brothers "a national treasure." The Kochs have have spent millions on Republican, business and conservative causes, as well as convincing their fellow members of the Billionaire Boys' and Girls' Club to pony up the big bucks as well. Indeed, Mother Jonesreports that the Koch brothers plan to spend $200 MILLION of their own money this year on elections across the country.

Too bad I have a conscience, otherwise I'd be more than happy to organize a Superpac to spend money however people in the wealthy stratosphere like Mr. Friess and the Kochs would prefer. For a reasonable amount of compensation, of course.

 

 

Booman Tribune / By Steven D. | Sourced from

Posted at January 17, 2012, 2:44am

 
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