Skip to comments.Billionaire Gingrich Contributor [Sheldon Adelson] To Cut Support
Posted on 02/10/2012 3:59:14 PM PST by GraniteStateConservative
While billionaire casino mogul Sheldon Adelson may have rescued Newt Gingrichs campaign in its early days, today, he may have just buried it.
Bloomberg News reports that Adelson, who has donated $11 million to Gingrichs Super PAC, does not plan to send any more money Gingrichs way. Bloomberg is citing an anonymous source familiar with their deliberations, though an Adelson spokesman declined to comment.
The move seems to be weeks in the making. After poor showings by Gingrich in the last several races and the re-resurgence of Rick Santorum, the former House speaker has once again been pushed to the back of the Republican field. And Adelson may be shifting his focus. According to CNN, Adelson met with Mitt Romney in Nevada last week and assured Romney that he will be behind him 100 percent should he become the nominee.
What may be more alarming though is as money seems to be flooding out of the Gingrich camp, it appears to be heading into to Santorums, no doubt helped by his three-state sweep Tuesday.
(Excerpt) Read more at businessinsider.com ...
Newt Gingrich was just days away from the Jan. 31 Florida Republican presidential primary when he told reporters that his campaign was down to its last $600,000.
Five losing contests later, Gingrich and Winning Our Future, an outside political action committee supporting him, are almost silent on television airwaves, offering free water and coffee at events, and revamping a fundraising strategy based largely on the support of a single wealthy backer, Sheldon Adelson, and the Las Vegas casino owners family.--Gingrich Group Looks for New Money as Big Donor Checks Stop
Fair weather friend?
Did he support Newt before or after South Carolina?
Looks as if he just wants to back a winner - with strings attached.
Perhaps Newt explained that he wasn’t for sale.
It’s likely, unfortunately, that polls indicate that Newt cannot make sufficient headway.
Why does it say that it is more alarming that the money is going to the Santorum campaign? More alarming than what, I wonder? I was relieved that it wasn’t going to Romney, so I felt that this was less alarming.
what i find troubling is that the federal government is so powerful that candidates can attract that kind of money. Constitutional government would not be powerful enough to warrent that much financial risk.
Are conservatives going to allow the only candidate capable of beating obama and turning this country around for lack of money? If Newt has to step down, the country is done for. Mr. Rogers can’t beat romney and he certainly can’t beat obama. Then if by some miracle, he should become president, he has no clue about how to turn things around. A Senator? What does he know about anything? Senators are notoriously stupid. I can’t believe that the Tea Party has allowed this to happen. They must be extremely ill informed. For God’s sake send the man some money. (yes, I did)
no use throwing good money after bad
I think Adelson’s pretty upfront about his expectations: no legalization of internet gambling. Trump, too. Both will support whoever can deliver that.
SOMEONE has to represent the gambling, prostitution and drug industry.
Why do Voters support candidates?
Answer: because of their philosphy, policies and America.
Why do the uber-rich support candidates?
Answer: Special interest in legislation and access.
What I find troubling is that this guy already gave Newt 11 million dollars—and that he may have been prepared to give him more if things had gone differently.
That’s just wrong..........
newt not for sell...you made a funny
You are so right. Newt is the brightest candidate and the most conservative man running. I sent him money too.
He will take Georgia, NC, Texas with the help of Perry and pick up in the polls on super tues.
Once Mr Rogers is vetted (he has had a free pass from the media and super pacs) he will go down so fast it will make his head spin.
This “Mr. Rogers” line is already getting old. Try saying the man’s name, Santorum, much less demeaning to him and those referring to him.
I do believe the American voters are now deciding this, you just happen to not agree with them. Me, I think, we have a better chance of getting obummer out of office now than 10 days ago..
Looks like the Grinch’s 15 minutes of fame is coming to an end.
Perhaps this is God's will that this once great nation fails. Since it is no longer even a shred of it's former greatness and self.
America is almost too far gone to save, it seems. Moral decay and decadence is rapidly becoming the norm. Nothing seems to shock the few these days. I hope we can turn it around, but if it is Gods will to tear it down so it can be rebuilt from the ashes again, then so be it. It may also be tied into a much greater and prophetic plan for the entire World. Trial and Tribulation may be close at hand after all.
I find this to be good news. Newt or Santorum needs to step aside they are splitting the vote which means we get Romney. Personally I would very happy to see Santorum win. Newt isn’t much of a conservative.
Mr. Rogers -lol. The sweater vest looks so pathetic. Mr. Rogers had more charisma. Most of his speeches are filled with rambling platitudes. Recently you can tell that he is stealing a lot of what Newt is saying.
When I went to his site a while back his solutions were quite general and as bland as he.The guy has truly accomplished little in life that warrants seeking the highest office in the land. Hubris. He would serve society better by getting a "real" job in the private sector.
Romney's loss this last week shows that he's extremely vulnerable.
At this point, it's anyone's ballgame! And Newt, were it not for the millions of Romney's negative ads, would be solidly in the lead.
I am sorry but anyone that thinks man can control our weather doesn’t have all their nuts tightened down.
You wanna contribute something positive, or are you here, on a Newt thread, soley to hurl insulting remarks at our candidate, and agitate?
Enough trolling Newt news threads to get your esteem up, from around your ankles.
Are you on mom’s computer again?
Newt’s slide is due SOLELY to Romney’s millions in negative (and false) ads. When he pulls back ahead...the money will be there.
Yeah! It’s insulting . . . to Mr. Rogers. Saintorum is far more boring and less inspiring that Mr. Rogers—actually, a dead fish is more inspiring that Rick the Saint.
Just sent Newt $100.00
It’s up to us folks, aint nobody gunna do it for us.
I lean towards Newt over Santorum, but I am getting really sick of the circular firing squad antics between the Newt and Santorum zealots.
Both are vastly superior to Mitt, RuPaul and Obama. That is where the fire should be directed. Make the case why your choice is best, but it's short-sighted to be tearing down the other conservative as part of trying to make that case.
Please don’t address any more of this trash to me. The politics of personal destruction, name-calling, hateful speech, etc. has no real place in an honest political discussion. Personally, I think it’s a real turn-off.
Santorum wrote legislation that will increase the national minimum wage! outrageous! well I see the doggies and the Humane Society endorse him due to his PAWS support lol ..who let the dogs out? and yes, he joined the world wide fight on aids.
Newt gets it and has digested it.
IMO there isn't even a choice...
If Newt doesn't get the nom..we can bend over and kiss our fannies buh-bye!
I don’t think Bloomberg and Business Insider are very good sources but time will tell.
If Sheldon Adelson watched CPAC today, he had to have been impressed.
GO TEA PARTY!
When Santorum lost in 2006 he only got 40% of the vote. He can’t beat Obama. He’s a big government guy. And we need to STOP spending.
dirtboy, I do not consider Santorum to be a conservative. I have read his voting record. That being said..once the real vetting of Rick begins he is toast.
Rick Santorum aka Mr Rogers.
Newt has laid out a plan. He has pages and pages of info on his website. He knows what to do.
Santorum and Paul are the only ones who haven’t been able to win a primary. Get your facts straight.
I agree. Santorum seems like a stand up guy. He can’t win either, but he seems genuine.
Agree with you that Newt is capable of fixing this mess and turning this nation around.
How sad to see this once great nation go on a downhill spiral. The demographics and morals have changed...maybe beyond repair. The greatest generation is dying off..we now have the entitlement generation.
God help America
What’s good is Newt got the vetting early in the primary process. It should have the same immunizing effect like they say it always does in the general election. The effect of those negative ads will wear off and Newt could rebound in time for Super Tuesday. He’s got two debates to help him.
Romney’s slime machin did a number on Newt Gingrich and the unscathed Santorum was the beneficiary. But for Romney’s slime machine, Newt Gingrich would be righteously running away with the nomination and Santorumwould be back home where he belongs.
Politics is dirty and Romney wants this nomination and presidency too badly to let Santorum go unscathed. It could be too late for his smear tactics to work on Santorum, but not too late for Newt Gingrich to rebound again, because he is far and above the most qualified and inspirational, anti-establishment candidate with bold ideas and solutions that his rivals are trying to copy, but neither can articulate because neither can speak from the heart, with knowledge, force and detail.
WE CAN DO IT!
Before. This was written before SC's primary. There are hundreds of articles out there mentioning Adelson and Gingrich long before South Carolina. This is dated January 10th. The South Carolina Primary was January 21st.
FTA: Sheldon Adelson, the son of a Boston cabdriver, made his millions as a casino mogul in Las Vegas and Macao, and $5 million of that wealth will help pay for ads and an online video that seek to halt Mitt Romneys rise in South Carolina, where the contest moves after todays New Hampshire primary."
Looks as if he just wants to back a winner - with strings attached.
I'd say he wants to back a winner, period. This isn't Adelson's first rodeo and this is not the first time he's supported someone running for president (McCain & Bush, at minimum).
I attended the caucus in Colorado this week. Newt made a grand total of one stop in the whole state, and it was in the the more liberal part. Romney, Santorum and Paul spent their time down here in the part of the state where conservatives live and vote.
We never got a call, saw an ad, saw a piece of mail - nothing from Newt. We were bombarded by Romney's stuff (yuck), and had several nice contacts with Santorum's people. Paul's people are all over the place on weekends. At the caucus, it was all about Santorum. People were not supporting Newt since he didn't bother to show up or make it known that he was running in our part of the state.
I wouldn't know Adelson from a smoldering hole in the ground. But I know better than to throw good money after bad if my candidate decided not to run in some states.
You are right..IF Newt loses...bye bye USA. However, I don’t think Santorum has a chance of winning the gop nomination and doubt he will do well in the south.
Also, remember he did not pick up any delegates during the tuesday election.
We will know more after super tues. I do guarantee you that after the Santorums voting record hits the airwaves he will go down faster than the Titantic. GO NEWT!
A few days ago no one thought he could win MN, MO, & CO either. He's talking about what's really at stake in this election, not just jobs or the national debt but our freedom.
It's the elephant in the room, that Obama is trying to trample the Constitution. But Santorum is addressing it and I think that's where his support is coming from, The People.