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 worthspending 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
thelordofhell
(4,569 posts)He's more than happy to piss it away for the chance of making it permanent.........plus he's a tool.
FarLeftFist
(6,161 posts)Autumn
(45,120 posts)stupid fuck. No way in hell that bum can beat Obama.
hrmjustin
(71,265 posts)firehorse
(755 posts)Woody Woodpecker
(562 posts)Just to see if his billion dollars are legitimate (I bet you 99.9% is not legitimate)
KamaAina
(78,249 posts)I thought repukes hated the very idea of un-'Merkin furrin campaign donations.
kiranon
(1,727 posts)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.
KamaAina
(78,249 posts)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?
benld74
(9,909 posts)AndyTiedye
(23,500 posts)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.
BlueCaliDem
(15,438 posts)They're the two wealthiest billionaires in this country, and they're both Democrats.
BadgerKid
(4,554 posts)INdemo
(6,994 posts)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
Tom Ripley
(4,945 posts)SunSeeker
(51,630 posts)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."
HughBeaumont
(24,461 posts)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??
JDPriestly
(57,936 posts)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?
Populist_Prole
(5,364 posts)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?
Tom Ripley
(4,945 posts)psychopaths enjoy the thought that they can still fuck with people from the grave
Javaman
(62,532 posts)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.
onehandle
(51,122 posts)IDemo
(16,926 posts)INdemo
(6,994 posts)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...
Baitball Blogger
(46,753 posts)What a crazy world we live in.
IDemo
(16,926 posts)because they're trying to elect a Milton Friedman/Chicago School disciple (or believe he is, anyway).
33Greeper
(188 posts)patronizes a "Sands" casino is helping to defeat the president.
AndyTiedye
(23,500 posts)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.
JDPriestly
(57,936 posts)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.
The Wielding Truth
(11,415 posts)Turbineguy
(37,361 posts)After all, in a republican paradise, what greater value and benefit can you give to a society and culture than gambling? OK, pimping perhaps.
Boycott Republican businesses. Disassociate yourself from Republicans & I've included my friends & family who are on the Right.
lsewpershad
(2,620 posts)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 [will be] a bitch for the likes of this creep......sooner or later...I wish it would be sooner.
Prometheus Bound
(3,489 posts)$625 B in one day.
He's going to lose a lot more as China slows down.
Stuart G
(38,439 posts)For a commercial against this.
Think about how angry some independents might get about this..Could work..??
bucolic_frolic
(43,249 posts)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?
tanyev
(42,594 posts)DonCoquixote
(13,616 posts)In other words, Adelson is an ally of Netanyahu and the other arch Zionists.
summerschild
(725 posts)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."
DFW
(54,426 posts)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.
sweetapogee
(1,168 posts)what I don't understand is WHY are we so glum in the face of CERTAIN puke defeat?
DFW
(54,426 posts)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.
eringer
(460 posts)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.
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.