05/26/2012 10:22 pm ET

Billionaire Finds New Role in Effort to Defeat Obama

When news broke last week that the billionaire investor Joe Ricketts had considered financing a $10 million advertising effort linking President Obama with the fiery race-based rhetoric of his former spiritual adviser, the Rev. Jeremiah A. Wright Jr., Mr. Ricketts quickly distanced himself from the proposal and Mitt Romney’s campaign denounced it.

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