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Sheldon Adelson, Gingrich Funder, Distances Himself From Attacks On Romney

First Posted: 01/12/2012 6:23 pm Updated: 01/13/2012 7:21 am

WASHINGTON -- A source close to wealthy donor Sheldon Adelson, who is under fire for giving $5 million to a pro-Newt Gingrich super PAC that began running TV ads attacking Mitt Romney's career in private equity, distanced the Las Vegas casino magnate from the ads on Thursday.

"Some people have made this leap that Sheldon Adelson gave $5 million and every penny of that is being used to hit Mitt Romney over Bain Capital," said the Adelson source, who asked not to be identified in order to more frankly discuss Adelson's thinking on the subject. "Aren't people getting in a tizzy here about something that maybe isn't completely accurate?"

Rick Tyler, a former Gingrich spokesman now with Winning Our Future, the super PAC backing the former House speaker, told The Huffington Post that the anti-Bain ads began running in South Carolina at 11 a.m. on Thursday. The ads are crafted from a 28-minute film bought by the super PAC, which portrays Romney as a "predatory corporate raider."

Tyler told The New York Times this past weekend that the $5 million from Adelson, which the casino owner gave on Friday, combined with the negative ads had "all the makings of a game-changer" in the GOP primary. And Winning Our Future has reserved $3.4 million in airtime for South Carolina ads prior to the state's Jan. 21 primary.

But it's not clear how much of that money is going to push the anti-Bain ads. Tyler refused to comment on how much of the $3.4 million worth of airtime would feature the ads attacking Romney's business career.

The anti-Bain attacks have sparked a huge backlash in the conservative world, symbolized best by radio talk show host Rush Limbaugh's tirades against Gingrich.

And while the Adelson source said the casino magnate was "indifferent" to the "fuss," he also strongly implied that Adelson did not want the money he gave to Gingrich to be used for ads attacking Romney's private equity career.

"I think people want to draw a conclusion that the money goes in and all $5 million is directed just towards $5 million of Bain Capital attacks on Mitt Romney, and that that's exactly what Mr. Adelson wanted that money to be spent on," the Adelson source said. "What if you donate to the Red Cross, and they do a hundred different things and you wanted it to just go to people in Haiti, and they sent it to people in Somalia instead and you didn't think that was a priority? Are you going to call the Red Cross and demand that they just send the money to Haiti? You make a donation on a basis that the people receiving the money are going to spend it in the best way that you see fit," the source added.

But Adelson has not given any direction to Gingrich about the use of the money, the Adelson source said.

"It was a pro-Newt contribution. He's not involved in the strategies or tactics of the super PAC. He has not seen the video and has given no specific instructions or otherwise as to the use of his donation," the source said.

The bulk of criticism directed at Gingrich for his Romney attacks have followed the line that such talk is an assault on free market capitalism.

"I find it beyond disturbing that Speaker Gingrich and his axmen would attack free-market success stories like the ones associated with Governor Romney," said Austin Barbour, a Mississippi fundraiser who is one of Romney's national finance chairmen. "I anticipate donors will think twice before giving any more money to support these type of practices from the Gingrich world."

The Adelson source defended Adelson's bona fides.

"I do think it's ironic that people would suggest for some reason that a guy who's been in 50 businesses over a six-and-a-half decade long business career could somehow be anti-capitalism or anti-business," the source said.

And Tyler said Winning Our Future was not backing down from its attacks.

"Not one bit," he told HuffPost.

Tyler called it "phoney-baloney" to say the ads were an attack on capitalism.

"What he's saying is he created jobs," Tyler said of Romney. "I'm saying, no he didn't. He wasn't the high-flying eagle. He was the low-flying vulture. Don't tell me you're the eagle when you're the vulture."

"Both parts are part of capitalism. Both are necessary," added Tyler, extending his analogy of eagles and vultures. "But he's trying to be the eagle, like Steve Jobs or Fred Smith or Bernie Marcus. But he's not. He's a vulture."

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COMMUNITY PUNDITS
realpolitic 12:48 PM on 01/13/2012
According to the article, "the $5 million from Adelson, which the casino owner gave on Friday, combined with the negative ads had "all the makings of a game-changer" in the GOP primary." As a Democrat, I certainly hope so. Let Newt do the president's bidding by destroying Mitt and his record at Bain Capital. Let Mitt become known as 'Mitt the jobs destroyer.' Newt is most effective on the attack and Mitt's  Read More...
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HUFFPOST SUPER USER
dzadzey
Afflicting the comfortable
05:41 AM on 01/14/2012
Watching Rick Perry and Newt Gingrich savage Mitt Romney for being a "vulture "capitalist does my heart good. It shows...once and for all... the utter hypocrisy of the GOP. The heart and soul of the GOP is invested in promoting and securing the future of "vulture" capitalists. That Perry and Gingrich would turn to the OCCUPY movement for their anti-Romney rhetoric and the swift, brutal response...essentially "Sit down and shut up"...of Perry's and Newt's money men to this inadvertent revelation of the truth about the GOP is some of the most amazing, and disturbing,political theater I've seen in this GOP primary season.
03:24 PM on 01/13/2012
Has it taken Americans 30 years to wake up to the fact that money is made by buying companies, selling the factory, firing the employees, having whatever product was made outsourced to China (often shipping the machines and technology to China) OR selling the rights to the trademarks and "intellectual property" (for example, televisions branded Westinghouse, Sylvania, Emerson, Magnavox, RCA, and Zenith are all made overseas by companies unrelated to the original companies, who were once titans in American manufacturing and technology)

Then the vulture capital people will often take a "special cash distribution," , then delcare Chapter 11, soaking the taxpayers for unemployment benefits and letting the pension guarantee board (taxpayers, again) assume the pension liabilities. Check Carl Ichan and how he gained contol of TWA, sold the planes for cash which he kept for himself, then the airline had to lease back the planes it used to own free and clear. (TWA declared bankruptcy shortly thereafter)
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HowietheScreamer
Yes yes, I know my Micro bio is still empty
02:42 PM on 01/13/2012
So, wait a sec... Adelson is a gambling magnate... and Newt is supposed to be a big time, hard core Catholic right? Doesn't the Catholic church say gamboling is a sin and prohibited?
03:09 PM on 01/13/2012
Nope!
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HUFFPOST SUPER USER
Oregon Mick
No bread? Let them eat micro-bio!
02:04 PM on 01/13/2012
Newt, Perry, go away. Enough already, bring back Bachmann, she was funny.
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Lobo912
The GOP is in breach of America's social contract.
02:02 PM on 01/13/2012
The most important thing this Republican campaign has exposed is that these candidates and their big-money supporters don't care about America, they don't care about American's, they don't care about governance, they don't care about policy, they don't care about what direction government goes, their concern about the economy is only as deep as their own financial interests, and they don't even care about the presidency. The only thing they care about is power, and they are showing they'll do anything to grab that.
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Lobo912
The GOP is in breach of America's social contract.
01:55 PM on 01/13/2012
Stick a fork in Gingrich, he's done ... but stand back when you do it because there's going to be a lot of hot air escaping.
HUFFPOST SUPER USER
CitizenPane
Why isn't phonetic spelled the way it sounds?
01:40 PM on 01/13/2012
5 million? Donated to campaign? Seems excessive for any purpose. Why oh why do we, the American people, really believe we have any say on who is elected to represent us? It's has been and will be the wealthy, special interest groups, lobbyists-those with an agenda to further their financial goals. Not you and me, certainly.
01:36 PM on 01/13/2012
Knowing that a pack of wolves will turn on one of their own is a disturbing thought. However in this case, it's just funny.
mavpay
I am WE THE PEOPLE
01:35 PM on 01/13/2012
HuffPo Readers: How many millions has each of you contributed to YOUR favorite candidate via a SUPER PAC? My fellow Americans, the right-wing Justices of the Supreme Court are at the forefront of this MAJOR scandal. They are soley responsible for upending the democratic political process by adding fuel to a campaign finance system that was already on fire and out of "control." Sign Senator Bernie Sanders' petition for a Constitutional Amendment to overturn Citizens United.
01:33 PM on 01/13/2012
I think people aren't seeing what just happened here. When Huntsman, Gingrich, and Perry started going after Bain Capital, what they did (and what Gingrich is doing with the ads now in S. Carolina) is expose the 99% v. 1% system, not just Romney's record, to their base in langauage that they can understand.

That is why Fox, Guilani, RNC, Rush, etc. reacted with terror. What happens if their base starts looking up and down, and not left to right anymore? The 1% system is finished. The working/middle class uniting is why they screamed at Gingrich to stop sounding like he just went to an OWS rally.

As a result, the big money boys who are in control of the system as well as the GOP party have warned them shut Pandora's Box right now. But it's too late. President Obama and the Dems will be putting Gingrich and Perry on ads this fall agreeing with the OWS message.
PatrioticUSGlory
Lawyer, Market Analyst, Economist
01:39 PM on 01/13/2012
Here's just one flaw in your argument: In America, income disparity has nothing of the meaning it has in countries which have feudal class systems. Fully 80% of people defined as "poor" today will not be so defined after five years: this is because in America free education, free job skills training, learning as one ages, and more opportunities abounding as one goes through the years, leads most poor to graduate to middle class by then. Also, a millionaire who has a bad year or decides to take a year off falls into that definition of "poor" for the year he makes no money.
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HUFFPOST SUPER USER
Oregon Mick
No bread? Let them eat micro-bio!
02:12 PM on 01/13/2012
Where are you getting your data? Or more correctly, when? While your rosy picture was true at one time it no longer is the case. Things are now actually going the other way, children of the middle class are joining the ranks of the poor, right alongside their parents. New data: 40% of the population has no net wealth at all. Most in fact have negative wealth in that they owe more than they own. The top 20% own 85% of the wealth. This means that what is left of the middle class has 15% of the wealth. By the way, have you checked into the costs of education now days? Through the roof.
PatrioticUSGlory
Lawyer, Market Analyst, Economist
01:47 PM on 01/13/2012
Second, unless you believe in a progre.ssive system which depends ultimately on violent government force to insure everyone remains equally poor and innovation never occurs because the government makes sure it is never rewarded with profits, there will always be a 1%.
01:49 PM on 01/13/2012
Somewhat agree. The flaw is in the OWS message, not necessarily the OP comment. To your point, there is an implied frozen wealth mobility in OWS's message, which is clearly untrue.

In an OECD report in 2010, the US ranked 10th among 12 "1st world"ish nations in terms of the income mobility you are referring to. While we are better than Italy and GB, we trail all Scandanavian countries and others.

While OWSs implication of *zero* income mobility is false, the general feel of the 99/1 split comes from the noncompetitive international income mobility.
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HUFFPOST SUPER USER
Oregon Mick
No bread? Let them eat micro-bio!
02:16 PM on 01/13/2012
Of course there will always be a 1%, that isn't the question. The issue is how much of the wealth is controlled by the 1%. At current rates of wealth concentrations the 1% will soon control all of the wealth, leaving everyone else nothing. That is what people are concerned about.
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Republicanistan
Ignorance is Strength in Baggerstan
01:25 PM on 01/13/2012
PatrioticUSGlory
Lawyer, Market Analyst, Economist
234 Fans
Become a fan
8 minutes ago( 1:16 PM)
No. Healthy for the business and ultimately healthy for the tax revenue base of the community in which the company exists. Also, remember, those you call 1%. In the eyes of the rest of the world, the 99% here in America are the 1% overall.

--------------------------------------------------------------------------------------------------------------------------------------

Why don't you use your head and think?

All of the States with budget deficits and the Federal Government's deficits are principally due to a shrinkage of the Tax Base due to job losses from the Financial Crisis of 2008.
PatrioticUSGlory
Lawyer, Market Analyst, Economist
01:58 PM on 01/13/2012
People react defensively when they know or sense they hold an inferior position in order to preserve your altruistic faith, which you think is a good thing. And you appear to have no idea of why states are nearly bankrupt: California didn't become near bankrupt because of an unemployment problem. Take a class. Please.
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Oregon Mick
No bread? Let them eat micro-bio!
02:20 PM on 01/13/2012
California is broke because they kept cutting taxes, didn't cut spending, and then the bottom fell out of the real estate market.
HUFFPOST SUPER USER
blueline2
We'll always have Paris
01:24 PM on 01/13/2012
Adelson has never been a candidate for 'nice guy of the year,' not ever, but isn't Newt the guy who insisted he would not participate in 'negative' politics or 'attacks on Republicans?'

I wouldn't want to be in a dark alley with either of these two guys. Talk of 'phony baloney?' These two are the best examples.
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SonOfUgh
Your micro-bio is empty
01:52 PM on 01/13/2012
But, but, but Newt has NO contact with the Super PAC doing these ads. He cannot coordinate with them - that is the law. So really [ensuring everyone knows sarcasm is dripping from my words] Newt cannot be blamed for what an independent Super PAC is doing.
HUFFPOST SUPER USER
blueline2
We'll always have Paris
12:28 AM on 01/14/2012
There are enough things around to blame Newt for-he is a pit bull when on the attack-actually I'm being nasty to pit bulls now. He says he won't use negative ads and then attacks with negative, negative, etc. I would not trust Newt if he gave me a timetable showing what time the 'five oclock from LA' gets in. And Adelson is a multi billionaire who never has enough money-always wants more and doesn't understand why he doesn't always gets bettter perks than his fellow citizens.
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Republicanistan
Ignorance is Strength in Baggerstan
01:19 PM on 01/13/2012
Warren Buffet: Value Investor letting good companies grow. Most successful investor in history. Millions of jobs created, more return for his investors money than any other money manager.

Mitt Romney: Vulture Capitalist buying good companies and raiding their Pensions and Health Funds for immediate short term gain. Thousands of jobs lost, puny gains as compared to Buffet.

I know the Capitalist I admire, and I know the one who is a crook working in the cracks to benefit himself alone.
PatrioticUSGlory
Lawyer, Market Analyst, Economist
01:24 PM on 01/13/2012
Neither characterization is true.
PatrioticUSGlory
Lawyer, Market Analyst, Economist
02:00 PM on 01/13/2012
People choose narratives that flatter their bias. That does not surprise. Huam nature. It just makes them ordinary.
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Republicanistan
Ignorance is Strength in Baggerstan
02:12 PM on 01/13/2012
Warren Buffet has taken an initial investment of about $200,000 and turned it into a fortune estimated to be ~$40,000,000,000. That's right $40 Billion. A return of 200,000% yet he has never himself made a single product. Just picking undervalued but good companies and holding their stock (buy and hold).

Mittens took an initial investment of 10's of millions of dollars of his own money and has parlayed that into a mere ~$200 Million, an impressive return of 2000% at most.

But it is 1000 times less that Warren Buffets return.

That you do not know this of course, is obvious from your posts.
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HUFFPOST SUPER USER
MarieNat
Lobbyist, wanna make something of it?
01:17 PM on 01/13/2012
Oh, so the $5 mil is only being used for the positive ads. Ohhh, that makes sense!
akarmahitmydogma
Old Saying - Paper Doesn't Refuse Ink
01:06 PM on 01/13/2012
looking at both of them in the photos above... thinking the money could have been better utilized as a medical donation for jowl reduction research.
PatrioticUSGlory
Lawyer, Market Analyst, Economist
01:12 PM on 01/13/2012
If it isn't the race-card or anti-religious bigotry, you can count on ageism.
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Eugene Hill
One of Mr. Hershey's boys
01:19 PM on 01/13/2012
That too plays into it !
01:23 PM on 01/13/2012
Agreed. Demagoguery is intellectual laziness at its political worst. We're better than that.