Three strategies for Adelson in dealing with Trump conundrum
- 9 years ago
For months, Republican Party insiders have speculated who Sheldon Adelson, the pro-Israel billionaire, will back in the GOP presidential primary.
Insiders say that money forced eventual candidate Mitt Romney to spend dollars fending off Gingrich - expenditures that helped cripple Romney's efforts against incumbent Barack Obama in the general election.
A number of factors - the growth of social media, surging grassroots resentment of the establishment and Trump's ability to command free media attention for every outrageous utterance - have conspired to render fundraising far less useful in the primaries.
The Adelsons may be able to spend against Trump, while avoiding favoring another candidate, by giving to a SuperPAC, political action committees that allow unlimited spending against a candidate.
One contender could be Club for Growth Action, the SuperPAC affiliated with the famed anti-tax group, which already has targeted Trump for his calls to tax the super-rich.
Insiders say that money forced eventual candidate Mitt Romney to spend dollars fending off Gingrich - expenditures that helped cripple Romney's efforts against incumbent Barack Obama in the general election.
A number of factors - the growth of social media, surging grassroots resentment of the establishment and Trump's ability to command free media attention for every outrageous utterance - have conspired to render fundraising far less useful in the primaries.
The Adelsons may be able to spend against Trump, while avoiding favoring another candidate, by giving to a SuperPAC, political action committees that allow unlimited spending against a candidate.
One contender could be Club for Growth Action, the SuperPAC affiliated with the famed anti-tax group, which already has targeted Trump for his calls to tax the super-rich.