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Hedge-Fund Magnate Robert Mercer Emerges as a Generous Backer of Cruz
The New York Times ^ | April 10, 2015 | Eric Lichtblau and Alexandra Stevenson

Posted on 04/10/2015 7:55:28 PM PDT by 2ndDivisionVet

The two men share a passion for unbridled markets, concerns about the Internal Revenue Service and a skeptical view of climate change.

Now the two — Senator Ted Cruz, Republican of Texas, and Robert Mercer, a Wall Street hedge-fund magnate — share another bond that could link them through November 2016: Both want to see Mr. Cruz elected president.

Mr. Mercer, a reclusive Long Islander who started at I.B.M. and made his fortune using computer patterns to outsmart the stock market, emerged this week as a key early bankroller of Mr. Cruz’s surprisingly fast campaign start. He is believed to be the main donor behind a network of four “super PACs” supporting Mr. Cruz that reported raising $31 million just a few weeks into his campaign.

The emergence of rich and relatively low-profile donors like Mr. Mercer could single-handedly jump-start a presidential campaign, said Trevor Potter, a campaign finance lawyer who served as a Republican member of the Federal Election Commission.

“It just takes a random billionaire to change a race and maybe change the country,” Mr. Potter said. “That’s what’s so radically different now.”

Mr. Mercer does not have the name recognition of fellow Republican financiers like the Koch brothers or Sheldon Adelson, but he has spent more than $15 million since 2012 in support of conservative political campaigns and causes, donating to a number of candidates who had never even met him. Both moderate Republican candidates and Democrats in states like Iowa, New York and Oregon have found themselves in the cross hairs of expensive attack ads that he financed....

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Philosophy; Politics/Elections
KEYWORDS: climatechange; donate; taxes; tedcruz
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To: JimSEA

“the ultra wealthy backers of Hillary”

The Saudi’s and the ChiComs.


21 posted on 04/10/2015 10:01:32 PM PDT by Georgia Girl 2 (The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
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To: 2ndDivisionVet

LOL, sometimes you just have to laugh at the left’s rhetoric.


22 posted on 04/10/2015 10:16:05 PM PDT by Rusty0604
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To: 2ndDivisionVet

So the NYSlimes finally found some one who gave Cruz more than $100! Good work. See if they can find Zero’s application to Occidental. I’ll bet a $100 donation to Cruz they can’t and never will.


23 posted on 04/11/2015 3:52:01 AM PDT by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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To: 2ndDivisionVet

Exactly. Let’s see the expose on Tom Steyer as well..


24 posted on 04/11/2015 4:39:43 AM PDT by SueRae (It isn't over. In God We Trust.)
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To: 2ndDivisionVet

“Where are the similar stories about Soros and that crowd? “

I’d guess that half the diatribes printed by the NYT are press releases written by PR firms that Soros pays.


25 posted on 04/11/2015 6:24:38 AM PDT by sergeantdave
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To: RushIsMyTeddyBear

Yes, indeed. And as usual, instead of questioning how we became an Oligarchy...and how to un-do it...we choose sides and scream “They do it too!”.


26 posted on 04/11/2015 8:53:01 AM PDT by Wolfie
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