WASHINGTON (AP) -- The national campaigns backing President Barack Obama and Republican challenger Mitt Romney are drawing even in their fundraising prowess, but new financial filings released show that the "super" political committees supporting the GOP candidate and his party are widening the money gap over struggling pro-Democratic party organizations.
The main pro-Romney super PAC, Restore Our Future, on Wednesday reported raising $8 million in May, giving it a total of $64 million so far. The group spent more than $55 million to defeat Romney's opponents during the GOP primary, and it is now reaping high-dollar financial aid from both veteran Romney supporters and from donors who once backed his rivals.
A political committee backing Obama, Priorities USA Action, posted its strongest one-month total by raking in $4 million in May, a sign that Democrats had begun digging deep into their wallets after months of hesitance. But the pro-Obama group was still left in the dust not only by the Restore committee's strong performance but also by the latest tally from American Crossroads, a Republican super PAC formed by GOP strategist Karl Rove. It raised $4.6 million in May.
After early months that saw Obama reach impressive fundraising totals echoing his campaign's record-breaking $750 million haul in 2008, the changing calculus raises the prospect that he could become the first incumbent president outspent by his challenger. Romney's national campaign joined with the Republican Party in May to raise more than $76 million, outpacing Obama and the Democrats' $60 million haul during the same period.
Super PACs can raise and spend unlimited amounts of cash but are not allowed to coordinate their efforts with the candidates they support. The national presidential campaigns can devote their cash both to media and Web ads and to turn out party faithful, but the super PACs tend to spend most of their war chests on media campaigns.
The latest financial filings for the pro-Romney Restore committee show that while he was consolidating his position as the GOP favorite, backers of some of his opponents were shifting their financial allegiance to his cause even as some of his loyal super PAC backers dug deeper to bankroll the committee's tough media ads now targeting Obama.
The biggest contributions to Restore Our Future in May came from a trio of firms linked to a Houston-based businessman who previously supported a Romney rival, Texas Gov. Rick Perry. The disclosures show that three companies based at the same post office box office in Dayton, Ohio, each gave $333,333 to the pro-Romney super PAC. Corporation records show the firms are headed by Houston businessman Robert T. Brockman, who missed giving the super PAC a rounded-off $1 million donation by a single dollar.
Brockman heads the Reynolds and Reynolds Co., an Ohio-based firm that provides computer and software systems for auto dealerships. Brockman's personal website lists him only as chairman and CEO of the Reynolds and Reynolds Co., but his name is not listed with any of the Dayton donations. Calls to Brockman at his office in Houston were not immediately returned to The Associated Press.
Although super PACs are required to divulge all their donations, loose disclosure rules allow contributors to withhold their names and mask their donations by setting up limited liability corporations or other front companies. One of Restore's first donors, Edward Conard, made a $1 million contribution last year behind a front company, W Spann LLC, until public pressure forced him to acknowledge his name and affiliation with Romney's former private equity firm, Bain Capital.
Brockman's firm, Reynolds and Reynolds, was one of more than 60 companies that wrote to three Obama administration Cabinet officials last October, urging them not to overburden employers with "unnecessary expenses" as part of the new health care law. In the Oct. 21, 2011, letter to Treasury Secretary Timothy Geithner, Health and Human Services Secretary Kathleen Sibelius and Labor Secretary Hilda Solis, Reynolds and Reynolds and the other firms they included the U.S. Chamber of Commerce also urged an extension of a deadline for them to provide health benefit summaries to U.S. agencies.
Original post:
Obama faces growing GOP super PAC financial power
- New Microsoft Ads Take Aim at Mac Pricing [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Adobe Flash Comes to TV [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Microsoft Introduces Windows 7 Starter Edition [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Mac Viruses and Trojans Becoming More Prevalent [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Apple ‘Customer Experience’ Continues to Trounce PCs [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Seagate Introduces ‘Replica’ Drive to Backup Entire PC [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Still Love XP? Run it on Windows 7! [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- Is Microsoft Ditching Vista? [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- The Kindle DX: Not Exactly a Textbook Killer [Last Updated On: November 8th, 2009] [Originally Added On: November 8th, 2009]
- The Smart Shopper’s Guide to Buying a Wireless Router [Last Updated On: May 19th, 2010] [Originally Added On: May 19th, 2010]
- iTunes 10: So Long, Ringtone Creator - Thanks for the Memories [Last Updated On: October 17th, 2010] [Originally Added On: October 17th, 2010]
- iTunes 10: So Long, Ringtone Creator – Thanks for the Memories [Last Updated On: February 14th, 2011] [Originally Added On: February 14th, 2011]
- How to Make Your Laptop Last Longer [Last Updated On: February 14th, 2011] [Originally Added On: February 14th, 2011]
- Client Build 5 UPDATE: Personal Super Computer 2011 (SR-2 X5690 OCZ Vertex 3 GTX590 Nvidia Tesla) - Video [Last Updated On: March 29th, 2012] [Originally Added On: March 29th, 2012]
- Super Micro Computer, Inc. Announces 3rd Quarter 2012 Financial Results [Last Updated On: April 25th, 2012] [Originally Added On: April 25th, 2012]
- Super Micro Computer Q3 Profit Slips - Quick Facts [Last Updated On: April 25th, 2012] [Originally Added On: April 25th, 2012]
- Super Computer Maker Cray and Intel strike Partnership [Last Updated On: April 25th, 2012] [Originally Added On: April 25th, 2012]
- Super Micro Computer Q3 12 Earnings Conference Call At 5:00 PM ET [Last Updated On: April 25th, 2012] [Originally Added On: April 25th, 2012]
- Herd mentallity and the information super highway - Video [Last Updated On: April 25th, 2012] [Originally Added On: April 25th, 2012]
- Brain vs. Computer - Video [Last Updated On: May 4th, 2012] [Originally Added On: May 4th, 2012]
- Minecraft World First - Most wanted redstone device - Video [Last Updated On: May 4th, 2012] [Originally Added On: May 4th, 2012]
- PS3 Jailbreak Tutorial 4.11 WORKING - Video [Last Updated On: May 4th, 2012] [Originally Added On: May 4th, 2012]
- China's Tianhe-1 supercomputer begins operations - Video [Last Updated On: May 4th, 2012] [Originally Added On: May 4th, 2012]
- June 2011 TOP500 Review looks at Japan's K Supercomputer - Video [Last Updated On: May 4th, 2012] [Originally Added On: May 4th, 2012]
- Super Vision for Soldiers [Last Updated On: May 5th, 2012] [Originally Added On: May 5th, 2012]
- The Super Sonic Show Episode 0-Computer Help - Video [Last Updated On: May 7th, 2012] [Originally Added On: May 7th, 2012]
- Why Super Micro Computer's Earnings May Be Less Than Awesome [Last Updated On: May 10th, 2012] [Originally Added On: May 10th, 2012]
- Magnetic bacteria may help build computer hard drives [Last Updated On: May 10th, 2012] [Originally Added On: May 10th, 2012]
- SUPER WHY! Around the World Adventure Kicks off PBS KIDS Summer Learning Initiative This June [Last Updated On: May 10th, 2012] [Originally Added On: May 10th, 2012]
- Tutorial SUPER COMPUTER girl 3750 sylvia Vs fem game 4 (3550) - Video [Last Updated On: May 10th, 2012] [Originally Added On: May 10th, 2012]
- SUPER COMPUTER Wii best 3750 sylvia Vs learn chess 4 (3550) - Video [Last Updated On: May 10th, 2012] [Originally Added On: May 10th, 2012]
- SUPER COMPUTER girls city 3750 sylvia Vs RYBKA 4 (3550) - Video [Last Updated On: May 10th, 2012] [Originally Added On: May 10th, 2012]
- John Laban - Open University Super Computer Room - Video [Last Updated On: May 10th, 2012] [Originally Added On: May 10th, 2012]
- Can A Super Computer Save Banking? Part 2 of 2 - Video [Last Updated On: May 10th, 2012] [Originally Added On: May 10th, 2012]
- Supermicro® Launches Widest Range of UP Server Platforms Supporting Intel® Xeon® E3-1200 v2 [Last Updated On: May 16th, 2012] [Originally Added On: May 16th, 2012]
- Supermicro® Debuts New X9 DP and 4-Way MP Platforms [Last Updated On: May 16th, 2012] [Originally Added On: May 16th, 2012]
- Supermicro® Launches Widest Range of Server Platforms Supporting Intel® Xeon® E3-1200 v2 [Last Updated On: May 16th, 2012] [Originally Added On: May 16th, 2012]
- Invention kit for banana pianos, alphabet soup keyboards [Last Updated On: May 16th, 2012] [Originally Added On: May 16th, 2012]
- A few errors could be key to super-efficient computer chips [Last Updated On: May 20th, 2012] [Originally Added On: May 20th, 2012]
- Supermicro® Highlights Latest GPU SuperServer®, SuperBlade® and ... [Last Updated On: May 20th, 2012] [Originally Added On: May 20th, 2012]
- Kontron HPEC Platform Chosen by Military Embedded Systems Magazine for Editor's Choice Award [Last Updated On: May 20th, 2012] [Originally Added On: May 20th, 2012]
- Raspberry Pi to rebirth an era of Woz-like super creativity? [Last Updated On: May 20th, 2012] [Originally Added On: May 20th, 2012]
- Taste and tale of success [Last Updated On: May 20th, 2012] [Originally Added On: May 20th, 2012]
- 1 Reason to Expect Big Things From Super Micro Computer [Last Updated On: May 25th, 2012] [Originally Added On: May 25th, 2012]
- Bump's Super Popular App Just Got A Million Times Cooler With Its Latest Update [Last Updated On: May 25th, 2012] [Originally Added On: May 25th, 2012]
- Is The Computer 'Cloud' Compromising You Privacy? [Last Updated On: May 26th, 2012] [Originally Added On: May 26th, 2012]
- Super MP3 Download 4.8.2.6 [Last Updated On: May 28th, 2012] [Originally Added On: May 28th, 2012]
- Radiohead's Kid A and OK Computer, Now in 8-Bit [Last Updated On: May 29th, 2012] [Originally Added On: May 29th, 2012]
- ASUS P6T7 WS Super Computer MoBo - Video [Last Updated On: May 29th, 2012] [Originally Added On: May 29th, 2012]
- Photonic Super Computer 2012 - Video [Last Updated On: May 29th, 2012] [Originally Added On: May 29th, 2012]
- Kaspersky discovers super-complex Flame malware [Last Updated On: May 30th, 2012] [Originally Added On: May 30th, 2012]
- Supermicro® X9 5x GPU SuperWorkstation Delivers Maximum Performance with NVIDIA Maximus Certification [Last Updated On: May 30th, 2012] [Originally Added On: May 30th, 2012]
- Super-virus Flame raises the cyberwar stakes [Last Updated On: May 30th, 2012] [Originally Added On: May 30th, 2012]
- Super-stealthy ‘Flame' computer virus spies on Iran [Last Updated On: May 31st, 2012] [Originally Added On: May 31st, 2012]
- Super-stealthy ‘Flame' computer virus spies on Iranians [Last Updated On: May 31st, 2012] [Originally Added On: May 31st, 2012]
- Was flame virus written by gamers? Code similar to apps such as Angry Birds [Last Updated On: May 31st, 2012] [Originally Added On: May 31st, 2012]
- Massive cyber attack on Iran came from U.S., report says [Last Updated On: June 2nd, 2012] [Originally Added On: June 2nd, 2012]
- Massive cyber attack on Iran came from US, report says [Last Updated On: June 2nd, 2012] [Originally Added On: June 2nd, 2012]
- Supermicro® Exhibits its Latest X9 Server and Storage Innovations at Computex, Taiwan [Last Updated On: June 5th, 2012] [Originally Added On: June 5th, 2012]
- Supermicro® Hadoop Solutions Accelerate Innovation with Launch of EMC® ... [Last Updated On: June 5th, 2012] [Originally Added On: June 5th, 2012]
- Super 57000 Video Game (Family Computer) - Video [Last Updated On: June 5th, 2012] [Originally Added On: June 5th, 2012]
- Security Cameras Turn into Super-Fast Sleuths [Last Updated On: June 7th, 2012] [Originally Added On: June 7th, 2012]
- Quantum computers move closer to reality, thanks to highly enriched and highly purified silicon [Last Updated On: June 7th, 2012] [Originally Added On: June 7th, 2012]
- Research Makes Ultrafast Quantum Computer Concept a Reality [Last Updated On: June 9th, 2012] [Originally Added On: June 9th, 2012]
- Supermicro's New Compact Embedded Server Appliance Supports 3rd Generation Intel® Core™ i7/i5/i3 Processors [Last Updated On: June 11th, 2012] [Originally Added On: June 11th, 2012]
- The PC which is truly personal: 'Computer' on a memory stick offers COMPLETE privacy for browsing and documents [Last Updated On: June 11th, 2012] [Originally Added On: June 11th, 2012]
- 'Purified' silicon nudges quantum computing ahead [Last Updated On: June 11th, 2012] [Originally Added On: June 11th, 2012]
- Apple serves up 15.4-inch MacBook Pro with Retina Display [Last Updated On: June 11th, 2012] [Originally Added On: June 11th, 2012]
- Apple debuts next-gen MacBook Pro, iOS 6 [Last Updated On: June 11th, 2012] [Originally Added On: June 11th, 2012]
- How to Invest Like the Super-Rich [Last Updated On: June 13th, 2012] [Originally Added On: June 13th, 2012]
- Super Computer for Sale - Video [Last Updated On: June 13th, 2012] [Originally Added On: June 13th, 2012]
- Supermicro® Launches FatTwin™ Architecture [Last Updated On: June 15th, 2012] [Originally Added On: June 15th, 2012]
- Computer Workstation utilizes NVIDIA® Maximus(TM) technology. [Last Updated On: June 15th, 2012] [Originally Added On: June 15th, 2012]
- Supermicro® Launches FatTwinâ„¢ Architecture [Last Updated On: June 15th, 2012] [Originally Added On: June 15th, 2012]
- Acer: Aspire S5, super-thin Ultrabook, coming to U.S. in late June [Last Updated On: June 15th, 2012] [Originally Added On: June 15th, 2012]
- Supermicro(R) Launches FatTwin(TM) Architecture [Last Updated On: June 15th, 2012] [Originally Added On: June 15th, 2012]
- Sheldon Adelson: 7 surprising facts about 2012's biggest donor [Last Updated On: June 15th, 2012] [Originally Added On: June 15th, 2012]
- lego super computer - Video [Last Updated On: June 17th, 2012] [Originally Added On: June 17th, 2012]
- Age of Empires: The Conqurors - vsing Duke AI 1.6 - Super computer - Video [Last Updated On: June 17th, 2012] [Originally Added On: June 17th, 2012]
- Supermicro® FatTwin™ Takes Center Stage at International Supercomputing Conference 2012 [Last Updated On: June 18th, 2012] [Originally Added On: June 18th, 2012]