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Wealthy Liberals Give Heavily in Bid to Oust Bush
Los Angeles Times ^
| February 3, 2004
| Lisa Getter
Posted on 02/05/2004 1:40:49 PM PST by Mo1
WASHINGTON Faced with a new ban on unlimited donations to political parties, some of America's wealthiest liberals have given large sums to help finance independent organizations that want to defeat President Bush in November, according to records released by the IRS on Monday.
Major contributors to the groups include philanthropist George Soros, who gave $5 million, and Cleveland-based insurance billionaire Peter Lewis, who donated $3 million. Hollywood producer Steven Bing gave $2 million, and Rob Glaser, chief executive of RealNetworks, a software maker, gave $745,000.
But the groups, known as 527s for the section of the tax code that applies to them, have raised nowhere near the hundreds of millions their organizers predicted, the reports show. Such predictions had led to speculation that the groups would take advantage of loopholes in campaign finance law to become a shadow Democratic money machine.
"There have been a lot of exaggerated numbers floating around about how much
groups related to Democrats would raise and spend in the 2004 election," said Fred Wertheimer, president of Democracy 21, a campaign-finance watchdog group in Washington. "The two biggest groups
announced plans to spend a total of $190 million to defeat President Bush. What these reports show is that to date, they have raised just 8% of that $190 million."
(Excerpt) Read more at latimes.com ...
TOPICS: Extended News; Front Page News; Miscellaneous; News/Current Events; Politics/Elections; US: Washington
KEYWORDS: 2004; 527groups; billionaires; billionairesforkerry; bushhaters; domocrats; georgesoros; hollywoodleft
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To: Integrityrocks
41
posted on
02/05/2004 5:23:48 PM PST
by
mikeb704
To: Mo1
Just goes to show that Democrats have NO interest in TRUE campaign reform.
Before the law was even passed, there were articles out there about how they planned ways AROUND the new law.
42
posted on
02/05/2004 5:28:36 PM PST
by
Doctor Raoul
(How can they call it a "Peace March" when they unconditionally support those who kill our soldiers?)
To: Mo1
Just goes to show that Democrats have NO interest in TRUE campaign reform.
Before the law was even passed, there were articles out there about how they planned ways AROUND the new law.
43
posted on
02/05/2004 5:28:42 PM PST
by
Doctor Raoul
(How can they call it a "Peace March" when they unconditionally support those who kill our soldiers?)
To: StarFan; Dutchy; alisasny; BobFromNJ; BUNNY2003; Cacique; Clemenza; Coleus; cyborg; DKNY; ELS; ...
ping!
Please FReepmail me if you want on or off my infrequent miscellaneous ping list.
44
posted on
02/05/2004 6:51:07 PM PST
by
nutmeg
(Tick off a terrorist - Vote for George W. Bush!)
To: mgist; I_be_tc; paltz; SoKatt; fishbabe; LisaMalia; 4mycountry; shuvlhed; Loose_Cannon1; ...
Please FReepmail me if you want on/off this ping list.
To: Howie66
"A FOOL and their MONEY are soon parted.""...what I want to know is how they got together in the first place."
To: Sam Cree
I emailed Progressive and got the same spin as I got from the boss at COSTCO. It's private money, not company money. I asked, where did the private money come from if not from the profits of the company.....
They don't like the questions or the publicity. TOO BAD!
47
posted on
02/05/2004 7:20:04 PM PST
by
OldFriend
(Always understand, even if you remain among the few)
To: OPS4
I assure you, I make phone calls and let them know we KNOW!
48
posted on
02/05/2004 7:24:00 PM PST
by
OldFriend
(Always understand, even if you remain among the few)
To: Doctor Raoul
49
posted on
02/05/2004 8:14:26 PM PST
by
Mo1
(Join the dollar a day crowd now!)
To: mikeb704
I've already sent my bitch letter to costco...not that they'll care.
50
posted on
02/05/2004 8:31:38 PM PST
by
Katya
To: RayChuang88
George & Martha can share a cell in the spirit of PC
51
posted on
02/05/2004 8:40:26 PM PST
by
DollyCali
(2004: Opportunity for love, growth, giving, doing..... It is our choice.)
To: Mo1
I make $6.10 an hour at my job. I will be donating something to Bush, even though I think he should improve his Conservative record. Its either him or Kerry, and I really want to p!ss off A.N.S.W.E.R.
52
posted on
02/05/2004 9:21:37 PM PST
by
ryanjb2
To: Mo1
George Soros will go broke trying to polish that turd john Kerry
53
posted on
02/05/2004 9:24:11 PM PST
by
MJY1288
(IF JOHN KERRY IS THE ANSWER, IT MUST BE A STUPID QUESTION)
To: MJY1288
Good!
54
posted on
02/05/2004 9:30:41 PM PST
by
Mo1
(Join the dollar a day crowd now!)
To: Mo1
The group also collected $900,000 from Houston investor Linda Pritzker; $345,000 from Agnes Varis, a New York chemical company owner; $100,000 from Julie Packard of the Monterey Bay Aquarium; and $95,000 from Laurie David, wife of HBO star Larry David. Where is that aquarium woman getting the money to fund this? Is she taking food out of the mouths of baby fish to fund this campaign?
To: Mo1
So is there a list of Wealthy Conservatives donating their money to help Bush? That way we know who to give MORE business to in appreciation.
To: NYCVirago
Where is that aquarium woman getting the money to fund this? From what I can tell Pachard is loaded
Julie E. Packard
57
posted on
02/06/2004 12:20:53 AM PST
by
Mo1
(Join the dollar a day crowd now!)
To: Mo1
Good find. Looks like she gives to all the left-wing groups. Too bad she can't lower the price to the aquarium (it's $20 a ticket, which is pretty steep) instead of using her money to fund libs.
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