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Cruz Is Suddenly a Player, Thanks to Reclusive Backer
Newser ^ | April 11, 2015 | John Johnson

Posted on 04/11/2015 12:35:56 PM PDT by 2ndDivisionVet

Millionaire Robert Mercer helps him raise an 'eye-popping' $31M right off the bat.

If other GOP contenders shrugged off Ted Cruz's chances of winning the nomination, it's a safe bet they're reassessing things after four new super PACS announced they'd raised a staggering $31 million to support his new candidacy. "Even in the context of a presidential campaign cycle in which the major party nominees are expected to raise more than $1.5 billion, Cruz’s haul is eye-popping, one that instantly raises the stakes in the Republican fundraising contest," writes Mark Halperin at Bloomberg. The super PACs in question are only a week old, and it's unprecedented to have raised so much so quickly. So who's behind the money? The New York Times identifies the main player as a "reclusive Long Islander" named Robert Mercer.

Mercer began his career at IBM but now runs a hedge fund called Renaissance Technologies, and like the Koch brothers and Sheldon Adelson, he is taking advantage of the Citizens United case that loosened restrictions on wealthy donors. He's "a very low-profile guy, but he’s becoming a bigger and bigger player,” says one campaign finance expert. And his backing of Cruz “sends the message to other donors that Cruz is a serious guy,” which in turn encourages other donors. The Times notes that Mercer's hedge fund is under investigation by the IRS, an agency that Cruz would love to abolish. A previous profile of Mercer at Bloomberg describes him as "one of the most powerful men in Republican politics that nobody is talking about."


TOPICS: New York; Campaign News; Parties
KEYWORDS: donate; donations; donors; fundraising; tedcruz
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To: St_Thomas_Aquinas

I always liked her a lot more than Madonna.


61 posted on 04/11/2015 5:07:07 PM PDT by 2ndDivisionVet (You can help: https://www.tedcruz.org/donate/)
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To: 2ndDivisionVet

You’re falling for the false dichotomy: either we have to forcibly deport 40+ million or we give them all amnesty and eventual citizenship. (Though to be precise, Cruz doesn’t not advocate citizenship for them, even though that would be the end result.)

And if it’s really that many, then by chain migration after they become citizens we’re talking about 120 million Leftist, low-skill, welfare-dependent, new Americans!

You’ve clearly already surrendered to our becoming North Latin America, but your fellow citizens haven’t, and it is pressure from voters that can keep us from that end.

Enforce the laws, don’t give them benefits, deport them when they are encountered, crack down on employers of illegals, and soon enough we’ll have plenty of good-paying jobs for our plethora of low-skill Americans.


62 posted on 04/11/2015 5:11:03 PM PDT by 9YearLurker
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To: 9YearLurker
Enforce the laws, don’t give them benefits, deport them when they are encountered, crack down on employers of illegals, and soon enough we’ll have plenty of good-paying jobs for our plethora of low-skill Americans.

Amen!

63 posted on 04/11/2015 5:54:27 PM PDT by ConservingFreedom (A government strong enough to impose your standards is strong enough to ban them.)
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To: 9YearLurker

Even “Operation Wetback” had a guest worker program, but I’m sure you already knew that.


64 posted on 04/11/2015 6:06:55 PM PDT by 2ndDivisionVet (You can help: https://www.tedcruz.org/donate/)
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To: 9YearLurker

You lost me today. Vote for Hillary so your nightmares become instant reality rather than paranoid speculation.


65 posted on 04/11/2015 6:18:15 PM PDT by txhurl
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To: 9YearLurker

It seems we do not have a conservative candidate who is satisfying us as far as illegal immigration is concerned. I don’t know what to say to that except that we need to choose which of them is the most conservative and which of them we can trust to do the people’s will concerning immigration and not their own or fold to special interest groups.

Maybe they should be asked “If you are president and the American people (that means citizens) tell you that they do not want any form of amnesty, want our borders secured and proven secure for 10 years and want our current immigration laws seriously enforced would you support the will of the people and encourage congress to do so as well? And if not, why not?”

The answer to a question like that will tell you much more about a candidate than just their views on illegal immigration. If you see sweat beads forming on their foreheads and hear a lot of stuttering that will tell you quite a bit as well:)


66 posted on 04/11/2015 7:11:04 PM PDT by conservativegranny
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To: 2ndDivisionVet
The Times notes that Mercer's hedge fund is under investigation by the IRS, an agency that Cruz would love to abolish.

Funny how they can make a "connection" that doesn't exist and miss the actual connection that says, "If a wealthy person is a Conservative and/or backs a Conservative candidate, the IRS will be used as a weapon.

67 posted on 04/12/2015 4:11:43 AM PDT by trebb (Where in the the hell has my country gone?)
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