I would have punched up the thread title to: "KKKarl's 4 donors gave 97% to his Rethug fundraising" or something. So, here are the highlighted articles, the second one describing his SECRET DONOR outlet.
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http://www.salon.com/news/politics/war_room/2010/07/23/rove_group_billionaire_donors/index.html"Grassroots" Rove-linked group funded almost entirely by billionaires
.... And despite the group's description of itself as "grassroots," Salon's review of its IRS filings show that four billionaires have contributed 97 percent of the $4.7 million it has raised to date. There are no limits on how much corporations, unions, and individuals can donate to 527 groups. Here's a guide to American Crossroads' four donors:
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Trevor Rees-Jones, president of Dallas-based Chief Oil and Gas, gave a $1 million donation to American Crossroads just as the group was starting in April. That's small money for Rees-Jones, who, Forbes estimated in 2009, amassed a $1.5 billion fortune investing in gas prospects around America. He has also been a big donor to John McCain and the Texas Republican Party, Politico reported.
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Bradley Wayne Hughes, chairman of Public Storage Inc, is American Crossroads' biggest donor, contributing $1.55 million to date. Hughes founded Public Storage in 1972 and the company has grown into a self-storage behemouth with over 2,000 locations. Worth $3.9 billion, he lives in Lexington, KY, where he actively raises thoroughbred horses at Spendthrift Farm. (Hughes' son, B. Wayne Hughes Jr., is on the board of former Senator Norm Coleman's new conservative group, the American Action Network.)
* A company called Southwest Louisiana Land LLC donated $1 million to American Crossroads in June. It turns out Southwest, which doesn't have much of a public footprint, is owned by
Dallas billionaire investor Harold Simmons -- no stranger to conservative causes. Since the 1980s, he has ponied up for everthing from Oliver North's defense fund, to Newt Gingrich's PAC, to the Swift Boat Veterans for Truth in 2004, to the American Issues Project, a group that ran ads attempting to tie Obama to Bill Ayers in 2008 (Simmons was the
sole funder of the Ayers effort, giving nearly $3 million.) Simmons is worth $4.5 billion.
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TRT Holdings, owned by Dallas' Robert Rowling, gave American Crossroads $1 million. Rowling, whose firm
owns Omni Hotels and Gold's Gym, got started at his father's successful company, Tana Oil & Gas. He's now worth $4.4 billion. In 2004 Rowling gave $1 million to
Progress for America, an outside group backing President Bush's reelection. ....
http://dyn.politico.com/printstory.cfm?uuid=F270355A-18FE-70B2-A8218F1828357F70Rove-linked group uses secret donors to fund attacks
By: Kenneth P. Vogel
.... American Crossroads was incorporated under Section 527 of the Internal Revenue Service code, which requires it to disclose its contributions and expenditures on a monthly basis, but also gives it more flexibility in terms of how it can spend its cash, including allowing it to spend most of its money on ads attacking or supporting candidates.
American Crossroads GPS, on the other hand, is incorporated under Section 501(c)4, which requires it to spend the bulk of its cash focusing on issues, but frees it from having to disclose the names of its donors. In fact, it
won’t be required to publicly report any of its finances until at least May 2011. ....
But a veteran GOP operative familiar with the group’s fundraising activities said the spin-off was formed largely because donors were reluctant to see their names publicly associated with giving to a 527 group, least of all one associated with Rove, who Democrats still revile for his role in running former President George W. Bush’s political operation.
GPS’s concept paper says that if it meets its fundraising goals, it will spend $18 million on “issue advocacy,” $15 million on “targeted grassroots advocacy,” $3 million on “issue research,” $2 million on polling and $5 million buying, renting and enhancing lists. ....
That effort is focused on seven states -
Colorado, Florida, Missouri, New Hampshire, Nevada, Ohio and Washington - according to a new website unveiled Tuesday. ....
CLARIFICATION: This story was updated to include this quotation from American Crosswords GPS spokesman Jonathan Collegio: “Crossroads GPS does not invest in opposition research.”
http://gawker.com/5595071/karl-roves-big-fundraising-total-comes-from-four-billionaires Karl Rove's Big Fundraising Total Comes From Four Billionaires
How did American Crossroads, Karl Rove's "grassroots" fundraising operation, suddenly leap from $200 in monthly donations to a total of $4.7 million? Apparently 97% comes from four billionaires. A Republican Congress better reward them with some top-notch ponies!
Send an email to Jim Newell, the author of this post, at newell@gawker.com.
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