BizJournals Portfolio

Recent Blog Posts

Feb 07 2012 10:30am EDT

Obama Embraces Super PAC

Barack Obama

Expect President Barack Obama to tone down the rhetoric against Super PACs, those independent organizations that can raise unlimited amounts of money to spend supporting or opposing political candidates.

That’s because the Obama campaign has given its blessing to a Super PAC founded by two former White House aides, according to the Washington Post.

“Our campaign has to face the reality of the law as it stands,” Obama campaign manager Jim Messina wrote the president’s supporters.

Court decisions in 2010 empowered Super PACs to play an outsized role in this campaign, and Republican Super PACs have sprouted up like weeds. They’ve played a major role in the Republican presidential campaign, keeping Newt Gingrich alive (for now at least) despite a huge fund-raising gap between his campaign and that of Mitt Romney’s. Other Republican Super PACs are building war chests that they’ll use to unload on Obama.

“We can’t allow for two sets of rules in this election whereby the Republican nominee is the beneficiary of unlimited spending and Democrats unilaterally disarm,” Messina wrote.

So much for hope and change. This election, Obama’s strategy is duck and cover -- and then hit back with everything he can muster, no matter where it comes from.


Kent Hoover is the Washington bureau chief for bizjournals.

Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.


Connect With Portfolio.com

Come on, like us—you know you want to.

Follow us and if you're an innovative entrepreneur, we'll return the favor.

Today's top stories, conversation starters, and the back nine business bites.

spotlight on

People & Ideas

Whisky To-Go-Go

Now there's a company that let's you taste your knowledge of fine blended Scotches by mixing a whisky of your own. Read More