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Title: REPORT: This billionaire hedge funder is quietly bankrolling Ted Cruz's campaign
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URL Source: http://www.greenwichtime.com/techno ... -funder-is-quietly-6193498.php
Published: Apr 12, 2015
Author: Colin Campbell
Post Date: 2015-04-12 09:07:08 by out damned spot
Keywords: Cruz, wealthy, funder
Views: 1523
Comments: 6
Most Effective Giving Day Platform #1 in online fundraising Hedge fund magnate Robert Mercer, a reported billionaire, is the "main donor" bankrolling the super PACs supporting Sen. Ted Cruz's (R-Texas) presidential campaign, The New York Times reported Friday. According to The Times, Mercer, "a reclusive Long Islander who started I.B.M. and made his fortune using computer patterns to outsmart the stock market, emerged this week as a key bankroller" of Cruz's "surprisingly fast campaign start." Cruz made headlines on Wednesday when the super PACs reported raising what Bloomberg described as a stunning $31 million in just a week. "Cruz's presidential effort is getting into the shock-and-awe fundraising business," Bloomberg's Mark Halperin wrote. "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." Cruz's campaign was not expected to be so well funded, especially because the firebrand senator has repeatedly railed against the Republican establishment and "crony capitalism." Other presidential contenders like former Florida Gov. Jeb Bush (R), Wisconsin Gov. Scott Walker (R), and Sen. Marco Rubio (R-Florida) appear to be closer to establishment-friendly GOP donors. Trevor Potter, a Republican campaign finance lawyer, told The Times that donors like Mercer are changing the landscape of electoral politics. "It just takes a random billionaire to change a race and maybe change the country," Potter said. "That's what's so radically different now." The paper reported that Mercer, who declined to comment, has not said anything publicly about his financial support for Cruz or why he's backing the senator's presidential campaign, which launched on March 23. According to The Daily Beast, Mercer's hedge fund, Renaissance Technologies, "recently faced an unflattering congressional investigation, the results of which indicated that it used complex and unorthodox financial structures to dramatically lower its tax burden." Cruz's campaign, required to be independent of the super PACs, previously told Business Insider that it was more than excited by the report indicating the committees were flush with money. "We are thrilled by the report!" his spokeswoman said.
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#1. To: All (#0)
Cruz has raked in $31 million from 4 superpacs. I'm wondering who the Koch Bros and Adelson will back.
http://www.tedcruz.org
That is a long way to competing with a $2.5B "war-chest" Hildabeest supposedly has...
Thank you Robert Mercer! I hope Cruz curb stomps Jeb and then the hildabeast.
That's shuck 'n jive propaganda. She only wishes she had it. The Cruz funds are real, in the bank. The dems really have only 1 candidate, so all the funds will theoretically be concentrated in that one place. The pubbies have a dozen or more candidates, so the funds are more spread out. Hillary has a lot of negatives, and big bucks may not be able to overcome that.
But that's only if people realize (or care) that she has a lot of negatives, my guess is a lot of them don't (or won't). Now whether or not that would be enough to get her skanky dumbass over the top remains to be seen.
“Political correctness is a doctrine, fostered by a delusional, illogical minority, and rapidly promoted by mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.”
So Cruz has a billionaire sugar daddy, big deal. Ron Paul had one in 2012 (Peter Thiel), and Gingrich's entire campaign was essentially financed by Sheldon Adelson. It doesn't really prove there is a huge groundswell of grassroots donors. In fact, it seems to be the opposite, with Cruz trumpeting some Super PAC dough rather than what his own official campaign, which can take in a $2,500 maximum from any one individual, has taken in.
#2. To: out damned spot (#1)
Cruz has raked in $31 million from 4 superpacs. I'm wondering who the Koch Bros and Adelson will back.
#3. To: out damned spot (#0)
#4. To: TheFireBert (#2)
$2.5B "war-chest" Hildabeest supposedly has...
The D&R terrorists hate us because we're free, to vote second party
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
#5. To: hondo68 (#4)
Hillary has a lot of negatives, and big bucks may not be able to overcome that.
#6. To: out damned spot (#0)
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