Spending blitz by outside groups helped secure big GOP wins

w1z4rd

Karmic Sangoma
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A tightly coordinated effort by outside Republican groups, spearheaded by Karl Rove and fueled by tens of millions of dollars in contributions from Wall Street hedge fund moguls and other wealthy donors, helped secure big GOP midterm victories Tuesday, according to campaign spending figures and Republican fundraising insiders.
Leading the GOP spending pack was a pair of groups — American Crossroads and its affiliate, Crossroads GPS — both of which were co-founded by two former aides in the George W. Bush White House: Rove, and Ed Gillespie.
Together, the groups — which are not formally part of the Republican Party — spent more than $38 million on attack ads and campaign mailings against Democrats, according to figures compiled by the Sunlight Foundation, a nonpartisan group that tracks campaign spending in congressional races.
A substantial portion of Crossroads GPS’ money came from a small circle of extremely wealthy Wall Street hedge fund and private equity moguls, according to GOP fundraising sources who spoke with NBC News on condition of anonymity. These donors have been bitterly opposed to a proposal by congressional Democrats — and endorsed by the Obama administration — to increase the tax rates on compensation that hedge funds pay their partners, the sources said.
A scorecard compiled by NBC News shows the ad barrage appeared to mostly pay off: Republican candidates won nine of the 12 Senate races and 14 of 22 House races where American Crossroads and Crossroads GPS spent money.
That had the groups’ leaders gloating Wednesday about what they described as their pivotal role in the election results.
http://today.msnbc.msn.com/id/39995283/ns/politics-decision_2010/

.. and people vote for these guys *sigh*. One has to think how dumb the average person is, then realize that half the world is dumber than that. Republicans biggest support comes from the uneducated rural folk which is where the ANC gets most of its voting base.

The world is sadder today. This week it took a step backwards.
 
Not really a fan of the GOP, but I'm not naive enough to think that the Dems are much better.

They are both political parties, they both put the individual first, party second, and country last.
 
The Libertarian Party should really get more votes. Both the Republicans and Democrats are essentially "owned" by big business.
 
Not really a fan of the GOP, but I'm not naive enough to think that the Dems are much better.

You need to check-out their individual election demographics. The GOP electorate comprises the fossil fuel invested, special agenda types and the trailer trash, red-neck population they can fool with gung-ho rhetoric. The top and bottom of society.

The Democratic electorate comprise the middle segment – rational and reasonably intelligent (without being rocket scientists) concerned about the direction America is taking.

On balance, they are a bit better (if you’re American). Otherwise it’s just seedy entertainment (like soft porn).
 
Not really a fan of the GOP, but I'm not naive enough to think that the Dems are much better.

They are both political parties, they both put the individual first, party second, and country last.

The Dems have corruption, just like the DA in South Africa has some corruption, but you are comparing Apples to Oranges. The Republican Party is like the ANC, its inheritably corrupt. The DP is like the DA, mostly good but with some corruption. I notice the latest attempt by Republican apologetics is to pretend that the Dems are as corrupt as the Reps. Its exactly like DJTAY pointing out how corrupt the DA is... he is trying to make it out that the ANC is not so bad because look at the corruption in the DA. Mean while back at the ranch you cant honestly compare the two. Thats my take anyways.
 
More hypocrisy.....

A tightly coordinated effort by outside Republican groups, spearheaded by Karl Rove and fueled by tens of millions of dollars in contributions from Wall Street hedge fund moguls and other wealthy donors, helped secure big GOP midterm victories Tuesday, according to campaign spending figures and Republican fundraising insiders.

and the democrats major backer is hedge fund billionaire George Soros.....
 
More hypocrisy.....



and the democrats major backer is hedge fund billionaire George Soros.....

I didnt know the DP was an anti-establishment grass roots group ;) Oh wait.. you are comparing apples and oranges. Okay, continue your game.

A bit about George then?

Soros has been active as a philanthropist since the 1970s, when he began providing funds to help black students attend the University of Cape Town in apartheid South Africa,[34] and began funding dissident movements behind the iron curtain.
Soros' philanthropic funding includes efforts to promote non-violent democratization in the post-Soviet states. These efforts, mostly in Central and Eastern Europe, occur primarily through the Open Society Institute (OSI) and national Soros Foundations, which sometimes go under other names (such as the Stefan Batory Foundation in Poland). As of 2003, PBS estimated that he had given away a total of $4 billion.[29] The OSI says it has spent about $500 million annually in recent years.
Time magazine in 2007 cited two specific projects - $100 million toward Internet infrastructure for regional Russian universities; and $50 million for the Millennium Promise to eradicate extreme poverty in Africa — while noting that Soros has given $742 million to projects in the U.S., and given away a total of more than $7 billion.[35]
Other notable projects have included aid to scientists and universities throughout Central and Eastern Europe, help to civilians during the siege of Sarajevo, and Transparency International. Soros also pledged an endowment of €420 million to the Central European University (CEU). The Nobel Peace Prize winner Muhammad Yunus and his microfinance bank Grameen Bank received support from the OSI.
According to National Review[36] the Open Society Institute gave $20,000 in September 2002 to the Defense Committee of Lynne Stewart, the lawyer who has defended alleged terrorists in court and was sentenced to 2â…“ years in prison for "providing material support for a terrorist conspiracy" via a press conference for a client. An OSI spokeswoman said "it appeared to us at that time that there was a right-to-counsel issue worthy of our support."
In September 2006 Soros pledged $50 million to the Millennium Promise, led by economist Jeffrey Sachs to provide educational, agricultural, and medical aid to help villages in Africa enduring poverty. The New York Times termed this endeavor a "departure" for Soros whose philanthropic focus had been on fostering democracy and good government, but Soros noted that most poverty resulted from bad governance.[37]
He received honorary doctoral degrees from the New School for Social Research (New York), the University of Oxford in 1980, the Corvinus University of Budapest, and Yale University in 1991. Soros also received the Yale International Center for Finance Award from the Yale School of Management in 2000 as well as the Laurea Honoris Causa, the highest honor of the University of Bologna in 1995.

Nice chap!

Soros is Chairman of the Soros Fund Management and the Open Society Institute and a former member of the Board of Directors of the Council on Foreign Relations. He played a significant role in the peaceful transition from Communism to Capitalism in Hungary (1984–89)[5] and provided Europe's largest-ever higher education endowment to Central European University in Budapest.[6] Later, his funding and organization of Georgia's Rose Revolution was considered by Russian and Western observers to have been crucial to its success. In the United States, he is known for donating large sums of money in an effort to defeat President George W. Bush's bid for re-election in 2004. Also in 2010 a donation of $1 million dollars for support of Prop 19 in California election to legalize marijuana in the state He was an initial donor to the Center for American Progress, and he continues to support the organization through the Open Society Foundations. The Open Society Institute has active programs in more than 60 countries around the world with total expenditures currently averaging approximately $600 million a year.

Wow the dude is really cool. His not pumping money in to promote just his own self interests.

So what did we establish. A good rich guy donates money all the time to generally good ideas. From black South Africans to the Open institute.

Also note that George is not out buying stupid supporters to protect his tax cuts, his out paying for people who mostly want to help society.

Its pretty evident that anyone who tries to compare George to the Rove brothers is an inbred mullet :D
 
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I didnt know the DP was an anti-establishment grass roots group ;) Oh wait.. you are comparing apples and oranges. Okay, continue your game.

meh and you claim the Dems are anti corporate creed and the super rich yet are funded by a man who made billions off the epitome of shady corporate greed, hedge funds and speculating....

Do you even know what that is or must I educate you yet again
 
meh and you claim the Dems are anti corporate creed and the super rich yet are funded by a man who made billions off the epitome of shady corporate greed, hedge funds and speculating....

Dude.. learn to read. Stop acting like Julius Malema and grow an intellectual pair.
 
In an interview with The Washington Post on November 11, 2003, Soros said that removing President George W. Bush from office was the "central focus of my life" and "a matter of life and death." He said he would sacrifice his entire fortune to defeat President Bush, "if someone guaranteed it."[38] Soros gave $3 million to the Center for American Progress, $2.5 million to MoveOn.org, and $20 million [39]

Ive got so much more respect for this guy :D Thanks for the find Alan, about the only useful thing you have contributed.
 
Ive got so much more respect for this guy :D Thanks for the find Alan, about the only useful thing you have contributed.

Yet again the Che Guevara crowd fall for the billionaire who donates a fraction of his wealth to "good causes"

I suppose you're also a fan of Brett Kebble because he too supported "good causes" *facepalm*

anyway I'm here so you can learn the difference between the bank bail and the stimulus for example. How on earth you managed to be so clueless and ignorant so as not to know that.......
 
Now the Republican in the House are also responsible for govt. If Obama is as smart as Clinton was he will go out of his way to compromise with them, knowing full well that Republicans will oppose everything he does in the same why they did when they controlled congress when Clinton was president. This pissed of the voters so much, they gave Clinton a second term.

The trick for Obama is propose "Republican" type legislation. Clinton was a master at this.
 
Now the Republican in the House are also responsible for govt. If Obama is as smart as Clinton was he will go out of his way to compromise with them, knowing full well that Republicans will oppose everything he does in the same why they did when they controlled congress when Clinton was president. This pissed of the voters so much, they gave Clinton a second term.

The trick for Obama is propose "Republican" type legislation. Clinton was a master at this.

Rubbish. Republicans were elected to stop Clinton and that's what they did. Clinton moved to the center to get things done and he won re election for it.

Clinton was a good Republican repealing welfare laws etc while Dubya was a good democrat spending like there was no tomorrow....
 
Yet again the Che Guevara crowd fall for the billionaire who donates a fraction of his wealth to "good causes"

I suppose you're also a fan of Brett Kebble because he too supported "good causes" *facepalm*

anyway I'm here so you can learn the difference between the bank bail and the stimulus for example. How on earth you managed to be so clueless and ignorant so as not to know that.......

Bizarre post. Anyways moving along...
 
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Republicans biggest support comes from the uneducated rural folk

Nope, the majority of the US are currently backing the Republicans, so that includes a good many educated folk. And it's really not rocket science - the leftist policies of the Dems have been a clear failure, so Americans want change. Change of the sort that creates jobs = pro-market change = conservatives. This is the precise opposite of how ANC voters behave, who keep voting for the same party over and over no matter how badly it fails.

And this isn't due to some conspiratorial brainwashing campaign; there is an actual grassroots movement to bring America closer to the right again, and the Republicans (ostensibly right but usually only pretending to be in practice) rode that ticket.

The world is a much better place today, and took a huge step forwards. This is just what the doctor ordered for the tepid Western economies, who've been dragged down for years by over-sized governments. Europe (of all places) is doing the right thing with austerity measures, and now Americans have also voted to do the right thing and get on a similar track. We will all benefit in the longer term as the US economy ultimately gains more momentum thanks to this.
 

Im not going to respond to you in detail, you are pretty behind in this conversation and its kinda a known point that the "grass roots" struggle is sponsored by billionaires trying to protect their tax cuts and hedge funds. Its pointless me walking yet another person through all the information again. Read back on this thread,

Here is some interesting reading: http://www.sourcewatch.org/index.php?title=Tea_Party_movement_funding and http://www.huffingtonpost.com/jane-hamsher/the-corporate-lobbyists-b_b_186367.html
 
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As shown to you over and over and over again. Republicans are the big money wasters.

"The" is a bit false, given that Obama has increased public spending to proportions never before seen or imagined.

But in general you are right, or at least you think you are: Democrats are the party of big government, Republicans are the party of pretend-small-government.

Why might this time be different? Because Republicans ONLY have the support they do because (recall Republicans reached such a low point just a year or so ago that people were calling the party dead) they've hopped onto the Tea Party bandwagon, which really does have popular support among Americans, who tend to be pro-business / pro-jobs / pro-low-taxes. So Americans are going to want to see some actual change in that direction. Some of the candidates voted in are even ostensibly libertarian, e.g. Rand Paul. THE one thing that the American public wants here, is to rein in debt and trim public spending. Given how Obama went to town on spending, it will be difficult for them not to be able to trim that.

For the most part, you can generally tell if something like this is good news or bad news by how the markets react. What's good for the markets is good for you (jobs, opportunities, growth etc.). Market reaction was 'muted but positive'. And the only reason it was 'muted' is not because of Republican support - on the contrary, the market loves the Republicans over the Democrats - but because the next two years will see gridlock due to the near even split of Dems/Republicans --- in other words, the market is only muted because it still thinks there are 'too many Democrats left'.
 
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