Clinton Donor Among Billionaire Backers of Pro-Obama PAC
By Julie Bykowicz - Jul 25, 2012 12:00 AM ET
The Democratic billionaires are back.
Last month was the first time a super-political action committee supporting President Barack Obama attracted the attention of multiple big-money contributors, a review of Federal Election Commission records shows.
The billionaire donors to Priorities USA Action were: Irwin Jacobs, who built Qualcomm Inc. (QCOM); Jon Stryker, an architect whose fortune comes from his family’s medical supply business; and Haim Saban, a media executive who was one of President Bill Clinton’s top fundraisers.
The trio gave a combined $3 million, about half what the super-PAC raised in June, its best fundraising month yet. It was the first time any of those donors had contributed to Priorities.
Meanwhile, George Soros, a billionaire financier who underwrote much of the failed effort to oust President George W. Bush in 2004, cut a $1 million check in June to American Bridge, a super-PAC that focuses on opposition research.
The donations are significant because Obama’s supporters have lagged far behind the fundraising pace of Republican super- PACs seeking to defeat him. Priorities has raised $21 million, compared with $122 million collected by the two primary groups opposing him.
more:
http://www.bloomberg.com/news/2012-07-25/clinton-donor-among-billionaire-backers-of-pro-obama-pac.html
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