Your morning jolt: Vegas billionaire ‘might’ give up to $100 million to Newt Gingrich

Forbes magazine today has the first interview with Las Vegas billionaire Sheldon Adelson since he has become the chief financier of the Newt Gingrich rescue effort.

According to a tease released today, Adelson has no patience for those who wring their hands over the impact of a handful of wealthy donors on the national political process:

“Those people are either jealous or professional critics,” Adelson [said] during his first interview since he and his wife began funneling $11 million, with another $10 million injection widely expected, into the former speaker’s super PAC, Winning Our Future. “They like to trash other people. It’s unfair that I’ve been treated unfair—but it doesn’t stop me. I might give $10 million or $100 million to Gingrich.”

Adelson, 78, certainly can afford to: With a net worth of roughly $25 billion, that $11 million, which jolted Gingrich’s flatlining presidential bid back to life, equates to 0.044% of his fortune.

And $100 million would be only .44 percent of his fortune. To a billionaire, that’s only a modest sales tax.

***
Newt Gingrich is skipping Michigan, my AJC colleague Daniel Malloy reports. Spokesman R.C. Hammond confirmed Monday night that the campaign is scrapping tentative plans to travel to Michigan at the end of the week ahead of the state’s Feb. 28 primary.

Gingrich is spending Tuesday and Wednesday in the other Feb. 28 primary – Arizona – but that is mostly for the sake of Wednesday night’s debate, and his public schedule will be light.

It’s a sign that the campaign does not anticipate doing well in the two states. Mitt Romney and Rick Santorum are in a tight struggle for Michigan, where Romney was born and his father was governor. Romney has an edge in Arizona as well, thanks in part to the support of Sen. John McCain.

On the day that Arizona and Michigan vote, Gingrich will conducting a bus tour through Georgia.

***
On CBS’s “This Morning” show, Newt Gingrich today asserted that President Barack Obama is in pursuit of an “outrageously anti-American” energy policy that snubs the Keystone oil pipeline and puts too much stock in electric car technology to wean the country from foreign oil dependency.

According to the Associated Press, the former U.S. House speaker declared that gasoline prices have skyrocketed since Obama took office. He said Obama entertains a “fantasy” that the electric car “is going to liberate us from Saudi Arabia.”

To underline that point, in both Georgia and Oklahoma, Gingrich has rolled out the line that “You can’t put a gunrack in a Chevy Volt.” That, of course, was a challenge that had to be met. From YouTube:

***
Newt Gingrich may not be playing in Michigan, but Ron Paul is – and he’s trying to bring down Rick Santorum a notch or two with this ad:

***
The AJC’s Politifact Georgia today takes a look at the claim by the Newt Gingrich-affiliated super PAC that “Romney supervised a company guilty of massive Medicare fraud.”

***
The Rev. Joe Lowery will host a press conference at 1 p.m. today to protest Gov. Nathan Deal’s suspension of school board members suspended in Brooks County – a byproduct of a voter fraud investigation arising from the July 2010 primary. That’ll be at 328 Auburn Avenue, Atlanta, GA 30303.

- By Jim Galloway, Political Insider

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37 comments Add your comment

Capitol Idea

February 21st, 2012
9:40 am

Money is the only thing Adelson has to offer. Then again, he could just take it with him.

catlady

February 21st, 2012
9:44 am

Well, by Gawd, if you can get a gun rack in a Chevy Volt (an AMERICAN car) what is the problem with relying on electric energy!? Now, if you was to show you could fit a gun rack in one of those foreign cars, like the Honda Prius, who’d care?

GaBlue

February 21st, 2012
9:50 am

I know that responsible citizens should be asking what Mr. Adelson expects in return for his unimaginably generous support of the Gingrich campaign, but frankly, I’m afraid the answer will totally gross me out. EWWWWWW!

Becky

February 21st, 2012
9:53 am

GaBlue-one can’t help but wonder why he would be giving all this cash to Noot. A jewish billionaire financing a catholic all in the name of love?

Not Blind

February 21st, 2012
9:57 am

Gingrich is this era’s Nixon. We know how well that worked out. Gingrich was rejected by voters a long time ago for very good reasons. We don’t need retreads.

Road Scholar

February 21st, 2012
9:57 am

Catlady: Since it isan electric car, would a tazer do?

zeke

February 21st, 2012
10:00 am

think the billionaire needs to change his name to Brain Addledson

td

February 21st, 2012
10:01 am

Becky

February 21st, 2012
9:53 am

Simply answer. He has come out and said that of all the candidates Newt is the one that he feels will protect Israel the best.

RIGHTISWRONG

February 21st, 2012
10:02 am

It is si very interesting how billionaires like Adelson and the Kochs will spends millions to support the GOP cause just so they don’t have to pay their “FAIR SHARE” of taxes on money that they use as “INCOME” no matter where it came from.

To me they are the MOST ANTI AMERICANS OF ALL. Selfish, ruthless, and mean. They don’t care about the workers and want to control women and their bodies.

How do you stay with these guys if you are not rich and white. If you look in mirror and you are not one of the aforementioned, you should think about what you are REALLY doing? Doesn’t make sense to support folks who don’t care about you back. Just saying!

Becky

February 21st, 2012
10:04 am

td-hate to break it to you but Israel needs no one’s “help” especially Noots

Moon Mullins

February 21st, 2012
10:06 am

Sheldon Adelson’s willingness to spend $100 mil on Newt’s campaign is interesting and a little scary. As an astute businessman, he has put an offer in on the big chair in the Oval Office.

Wonder what he wants for the money he’s spending?

Something has to change. The For Sale sign on the WHite House and Capitol have got to come down. We should all be upset with the direction campaign financing has taken and let our voices be heard.

“A fool and his money are soon elected.” ~ I can’t remember who said that, but it’s true.

WaitAMinute

February 21st, 2012
10:07 am

“Mitt Romney’s presidential campaign spent nearly three times the money it generated in January”. deficit hawk .. LOL

The Snark

February 21st, 2012
10:08 am

td gets one right!

td

February 21st, 2012
10:09 am

RIGHTISWRONG

February 21st, 2012
10:02 am

And you say this like there are no rich people on the left supporting Obama. How much money did his reelection team and the DNC raise last week on their CA swing?

WOW

February 21st, 2012
10:11 am

Although he has the Constitutional right to give all this money. I am troubled that reasonable minds don’t agree that this is dangerous to our Democracy. Not just from the right, but the Soros’s of the world as well.

Capitol Idea

February 21st, 2012
10:12 am

If Adelson thinks Israel is in need of protection, the grinch should give Israel his fortune to use toward their defense instead of expecting the US to fund their protection.

WOW

February 21st, 2012
10:13 am

@ TD The obama campaign and DNC raised 29 million in January.

Marlboro Man

February 21st, 2012
10:13 am

We know what you are, now we are negotiating price….

DannyX

February 21st, 2012
10:14 am

“And you say this like there are no rich people on the left supporting Obama.”

Its just plain wrong, no matter who does it. You sound like a child, “he did it too.”

RIGHTISWRONG

February 21st, 2012
10:18 am

Amazing

February 21st, 2012
10:19 am

The real issue with Adelson’s proposed offer is that it illustrates how the super rich will sway elections and negate the power of the people. The super PACs on both sides of the aisle will be the death of our democracy. In addition, the lack of transparency over donors to these PACs is a moral crime. Our leaders should follow the example set by Elizabeth Warren and Sen. Brown. In their race for the Senate seat, they both pledge to limit the influence of outside forces in their race. A Democrat and Republican came together on a common sense proposal and both are living up to it.

KID

February 21st, 2012
10:21 am

It does not matter anyway…Obama all the way back in 2012.

YeahRight

February 21st, 2012
10:23 am

Nice Rack (rifle)

atllaw191

February 21st, 2012
10:28 am

Go ahead, Mr. Billionaire…we’ll see you on the street later…begging! Giving Newt a dime is like knowing its GONE FOREVER!

Moon Mullins

February 21st, 2012
10:41 am

We weren’t talking about Obama, but since you are, I don’t believe any one donor has given as much to any candidate as Adelson. And, if you add up the generous gazillionaires, like the Koch Brothers etc. who are willing to bankroll a wingnut, they far exceed those on the Dem side, including the right’s whipping boy, George Soros.

double

February 21st, 2012
10:43 am

I have no idea how much money Obama and the DNC raised on their california sweep.Hope it was a Heap.

td

February 21st, 2012
11:01 am

Moon Mullins

February 21st, 2012
10:41 am

And where do you think the $750 million dollars the Obama campaign will raise for his re election bid will come from? All projections state that the Republicans will not be able to raise over $500 million.

honested

February 21st, 2012
11:22 am

Sheldon, ‘blow your dough’ on ginghroid and keep his warped little dream alive.

It would be a shame to have the Clown Car Circus come to a screeching halt so soon as there are many, many laughs yet to be had by the huge number of Americans starved of laughter by the shrub years.

Real American

February 21st, 2012
12:12 pm

Oh Lord, LOL…yeah td, “protest Israel”.

The only reason these evangelical nuts are so Israel-crazy is because they believe when Jesus comes back they will go over, kick all the Israelis to the curb and take over the country. LOL

RIGHTISWRONG

February 21st, 2012
2:03 pm

The right can’t figure out why they can’t find a credible candidate, it might be that ALL of them are running their campaigns based off of lies. When those lies are exposed, people stop following these nuts. Problem is, you guys have no one with REAL SOLUTIONS, yet you won’t compromise.

Obama has everything headed in the right direction, the opposite of what the right wants to do.

America is taking their blinders off so the GOP agenda is front and center. Problem is, it is not enough rich and racist to vote the GOP back into the Presidency. Thank God. God Bless America!

Go Obama!

Mark

February 21st, 2012
2:10 pm

Obama/Biden 2012!!!

[...] Well, we know it’s NOT going to Michigan, anyway. And so does Newt, who will be skipping Michigan, paying lip service to Arizona, and concentrating his campaign efforts in Georgia and Tennessee. [...]

[...] anyway. And so does Newt, who will be skipping Michigan, paying lip service to Arizona, and concentrating his campaign efforts in Georgia and Tennessee. Article source: [...]

Requiem25

February 21st, 2012
11:42 pm

I don’t find what Adelson has used to retort with in response to funding campaignsas suffcient or accomodating to the greater portion of people in America,, in fact many find his standards to be “un-American” as if he were concerned towards the greater good, he would agree to all major donations to be allotted into one donor pool, where money is used to promote and display public servants and their information in a structured, fair, balanced and common way, so that benefits are not indidualized or based in “self interest”. Ultimately the number of indivudals opposing “Citizens United” is far greater than that small sect of political players that made it a reality and public conversation. Really airtime should be divided equally and government grants available for application as potential candidates to run for office can apply for them to use for a campaign.
live long and prosper………………….

Teshome

February 22nd, 2012
12:30 am

Some of the comments I have seen about Santorum in various places are totally fabricated. Compared to all of the remaining candidates, Santorum is the only consistent authentic conservative. Even some of his critics admit that he is authentic. I am surprised to see some conservatives continue to support Romney or/and Newt after observing their poor judgments and persistent unpopularity at the grass root level.
In politics, likability and less or non-political, personal and professional baggage are an asset. Both Romney & Newt have a lot of known baggage that could easily be used against them in the general election. The establishment (Republican) made a commitment to have Romney as a presidential nominee.
Romney, Newt, & BHO have a lot of things in common: Individual health mandate; cap & trade; bailouts; TARP. Romney tries to argue that his work in the private sector and as an outsider helps him better than Santorum – who worked and lived in Washington before, to grow our economy. He promotes himself as a candidate who could fix the American economic problem. He may think that the American people may not know that a POTUS cannot & will not create or /and grow jobs. A president could create a healthy environment through a legislative process by the US Congress for a private sector to grow our economy and jobs.
Whether a candidate is an insider or an outsider is less important than what they did or do in areas of their expertise. How can we support Romney when his records clearly show that Romney care is the basis for Obamacare (1/6 of the US economy)? His statement that “I do not care for the very poor”; Republicans say we do not want Romney. Thomas Sowell said (…His (Romney’s) Millions of dollars parked in a tax shelter in the Cayman Island is red meat for the class warfare democrats”. It is silly on the part of Romney and others to say that the most conservative person in the race (may not be an ideal of all) is the least conservative shows desperation.
It is widely reported that Newt is a member of the Council on Foreign Relations (CFR) since 1990. CFR stands for a global government at the cost of national independence. In his speech at the center for Strategic & International affairs in July of 1995, I have come across a report that says “He brazenly admitted his disdain for our founding document. According to the report, Newt said “I am for the United Nations”. Gingrich ruined his chance through adulterous affairs and erratic behaviors (according to those who know him closely). Newt is unpredictable and Romney is unreliable. Why still some individuals would like to vote for either Romney or Newt, when the BHO and DNC could easily ruin their candidacy in the general? Why do we give to the left a red meat for class warfare? The so called moderates (liberals) will not win in 2012. If conservatives have not learned from what happened to moderate Bob Dole in 1996 and moderate McCain in 2008, they have no body but themselves to blame. Relatively speaking, Santorum has a better chance of beating BHO by making BHO and his failed policies an issue of the general election campaign. The mass media would like us to believe that either Romney or Newt is electable. Knowing fully their vulnerabilities, they promote either of them as ”electable” in order to carry out their massive and vicious attacks in the general to have BHO re-elected.
Santorum has a family friendly and manufacturing centered economic policy that could grow our economy and jobs. Not only in social issues is he strong but also in national security & foreign policy better than any one of the remaining candidates. Please read online his Iran freedom & Support Act & the Syrian Accountability Act which he authored in 2004. His humble beginnings (lived in public housing, from a coal miner grandfather) with almost no political baggage’s unlike Romney & Newt & Ron Paul (with his reckless foreign policy and libertarian views, anti-Semitism views and his racist newsletters) make him immune to class warfare.
Romney is applying for the top job in the government sector. He was a successful business man in the private sector. Santorum is the successful man in the government sector, the sector to which Romney is applying for the top job. In the government sector, Santorum has a better experience than Romney. He has 8 years’ experience in areas related to USA’s national security & foreign affairs as a member of the Senate Armed Services Committee. Romney accuses Santorum’s vote for earmarks (something done legally) while receiving earmarks for Utah Olympic Games and other projects in Massachusetts. Santorum has national security and foreign policy experience unlike Romney. Santorum has legal victories in social issues unlike Romney. Santorum is more believable unlike Romney & Newt and Ron Paul. Whether you agree or disagree with Santorum’s policies, we know where he consistently stands. Can any one of you say the same about the other candidates?
Rupert Murdoch (Owner of Fox News) said Santorum is the one with a big idea. The Wall Street Journal said Santorum’s economic policy is the one which is bold when compare to that of Romney. Rush Limbaugh Santorum has not hurt a conservative cause.

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