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Meet The Billionaires Behind The Best Presidents Money Can Buy Submitted by Tyler Durden on 10/21/2012 11:42 -0400Activist ShareholderBainBarack ObamaCitadelFloridaLas VegasMiddle EastOklahomaPrivate EquityReal estateRenaissanceReutersSWIFTTiger ManagementUnivision The last time we checked on the (funding) status of America's real presidential race - the one where America's uber-wealthy try to outspend each other in hopes of purchasing the best president money can buy - the totals were substantially lower. With November 6 rapidly approaching, however, the scramble to lock in those record political lobbying IRRs is in its final lap. And thanks to the unlimited nature of PAC spending, look for the spending to really go into overdrive in the next 2 weeks as the spending frenzy on the world's greatest tragicomedy hits previously unseen heights. RESTORE OUR FUTURETotal raised as of Sept. 30: $110.5 million - supports Republican presidential candidate Mitt Romney Bob Perry - Houston builder who was a major donor to Swift Boat Veterans for Truth, a group that helped undermine 2004 Democratic presidential nominee John Kerry by attacking his Vietnam War record. Total donations: $10 millionSheldon Adelson - billionaire Las Vegas casino magnate who built the Venetian hotel and casino. Donation: $5 millionMiriam Adelson - Sheldon's wife. Donation: $5 millionBill Koch - brother of conservative financiers David and Charles Koch. He runs Oxbow Carbon, a Florida-based firm that is also a donor and shares its address with another contributor, Huron Carbon. Total donations, including through firms: $4 millionSteven Lund - runs Nu Skin, a Utah skin care and cosmetics company whose former executives have been linked to two other firms that share an address in Provo, Utah, and donated to the Super PAC: F8 LLC and Eli Publishing. Lund's wife Kalleen is also a donor. Total donations from the Lunds and firms: $3 millionJulian Robertson - hedge fund industry legend at Tiger Management. Total donations: $1.3 millionCrow Holdings - Dallas-based investment firm managing the wealth of the family of the late Dallas real estate mogul Trammell Crow, whose sons Harlan and Trammell S. Crow are also donors. Total Crow Holdings and Crow donations: $1.3 millionHarold Simmons - billionaire Dallas banker and CEO of Contran Corp who has contributed to PACs supporting Rick Perry and Newt Gingrich. Donations: $1.3 millionFrank VanderSloot - Idaho businessman who runs the nutritional and cosmetics company Melaleuca. The firm and its subsidiaries have also donated. Total donations: $1.1 millionThe Villages of Lake Sumter - a community in Florida run by billionaire Gary Morse, who is also a donor alongside his wife Renee and their several children. Along with the Morse family, thirteen companies controlled wholly or partially by Morse that share an address in The Villages have also contributed. Total donations of all: $1.7 million.Kenneth Griffin - Chicago-based hedge fund manager and CEO of Citadel LLC. Total donations: $1.1 millionBob Parsons - billionaire founder of web hosting giant Go Daddy. Donation: $1 millionJim Davis - chairman of New Balance Athletic Shoes Inc. Donations: $1 millionStanley Herzog - CEO of Missouri-based Herzon Contracting Corp. Donation: $1 millionBruce Kovner - billonaire hedge fund manager at Caxton Alternative Management. Donation: $1 millionRocco Ortenzio - Pennsylvania healthcare executive and founder of Select Medical Corp. Total donations: $1 millionJohn Childs - founder of private equity firm J.W. Childs Associates LP in Florida. Donation: $1 millionEdward Conard - a New York investor and former executive at Bain Capital, a private equity firm co-founded by Romney. Donation: $1 millionJohn Kleinheinz - Texas hedge fund manager for Kleinheinz Capital Partners Inc. Donation: $1 millionJ.W. Marriott Jr. - chairman and CEO of Marriott International, brother of Richard. Total donations: $1 millionRichard Marriott - chairman of Host Marriott International. Total donations: $1 millionRobert McNair - owner of the Houston Texans football team. Donation: $1 million.Robert Mercer - New York hedge fund manager at Renaissance Technologies. Donation: $1 millionJohn Paulson - a prominent New York hedge fund manager at Paulson and Co. Donation: $1 millionRooney Holdings Inc - private investment firm formed in 1980s to acquire the Manhattan Construction Co. and has since expanded into many areas. Total donations: $1 millionPaul Singer - hedge fund manager who helped fund efforts to legalize gay marriage in New York. Donation: $1 millionPaul and Sandra Edgerly - Paul Edgerly of Brookline, Massachusetts, is an executive at Bain. The Edgerlys each have given $500,000. Total donations: $1 millionSteven Webster - private equity executive at Avista Capital in Houston. Total donations: $1 millionRobert Brockman - executive at Reynolds and Reynolds, a Dayton, Ohio-based car dealership support company that shares a P.O. Box with CRC Information Systems Inc, Fairbanks Properties LLC and Waterbury Properties LLC, which split the donation three ways. Total donations: $1 millionMiguel Fernandez - chairman of MBF Healthcare Partners, a private equity firm. MBF Family Investments also donated to the Super PAC. Total donations: $1 millionRenco Group Inc. - owned by New York billionaire Ira Rennert, another frequent contributor to Republicans this year. Donation: $1 millionOdysseyRe Holdings Corp - reinsurance underwriting company in Stamford, Connecticut that is a U.S. subsidiary of Toronto-based Fairfax Financial. Donation: $1 million PRIORITIES USA ACTIONTotal raised as of Sept. 30: $50.1 million - supports Democratic President Barack Obama James Simons - billionaire hedge fund manager, founder of Renaissance Technologies Corp. Donation: $3.5 millionFred Eychaner - founder of Newsweb Corp. Donation: $3.5 millionJeff Katzenberg - chief executive of DreamWorks Animation. Donation: $3 millionSteve Mostyn - Houston attorney. Donation: $2 millionIrwin Mark Jacobs - former CEO of Qualcomm Inc. Donation: $2 millionJon Stryker - billionaire activist and heir to the medical supply company fortune of his grandfather. Donation: $2 millionAnne Cox Chambers - billionaire daughter of James M. Cox, founder of Cox Enterprises. Total donations: $1.5 millionNational Air Traffic Controllers Association - union representing more than 16,000 workers. Donation: $1.3 millionS. Daniel Abraham - billionaire creator of Slim-Fast brand, chairman of S. Daniel Abraham Center for Middle East Peace. Donation: $1.2 millionBarbara Stiefel - retiree in Coral Gables, Florida. Donation: $1.1 millionUnited Auto Workers - Donations through various funds: $1.1 millionKareem Ahmed - chief executive at Landmark Medical Management in California. Donation: $1 millionDavid Boies, Jr - New York lawyer. Donation: $1 millionMorgan Freeman - Hollywood actor. Donation: $1 millionAmy Goldman - writer and heiress to the New York real estate fortune of Sol Goldman. Donation: $1 millionFranklin Haney - owner and CEO of FLH Company, a Washington-based real estate company. Donation: $1 millionBill Maher - stand-up comedian. Donation: $1 millionMel Heifetz - real estate developer and gay activist. Donation: $1 millionMichael Snow - Minnesota lawyer. Donation: $1 million.Steven Spielberg - film director. Donation: $1 million.Ann Wyckoff - Seattle philanthropist. $1 million.Service Employees International Union Committee on Political Education - union representing more than 2 million workers. Donation: $1 million.United Association of Journeymen and Apprentices of the Plumbing and Pipe Fitting Industry - union representing some 340,000 workers. Total donations: $1 million AMERICAN CROSSROADSTotal raised as of Sept. 30: $68 million - supports Republican candidates for federal offices Harold Simmons - Total donations together with Contran Corp: $15.5 millionBob Perry - Total donations: $6.5 millionRobert Rowling - an Irving, Texas, businessman and a conservative and active Republican donor. His company, TRT Holdings Inc, which runs Omni Hotel and Gold's Gym chains, is also a donor. Total donations: $4 millionJoe Craft - billionaire coal executive from Tulsa, Oklahoma, and CEO of Alliance Holdings, which is also a donor. Total donations: $2.1 millionJerry Perenchio Living Trust - a trust of billionaire television tycoon A. Jerrold Perenchio, who is a former chairman of Spanish-language broadcaster Univision. Donation: $2 millionCrow Holdings - Dallas-based real estate investment firm. Total donations: $1.5 millionWeaver Holdings and Weaver Popcorn - Indiana-based company specializing in popcorn. Total contributions: $1.9 millionStephens Inc - a Little Rock, Arkansas, broker dealer. Total donations: $1.3 millionArmstrong Group - telecommunications conglomerate in Pennsylvania. Donation: $1.3 millionJWC III Revocable Trust - Donatoin: $1.3 millionRobert Brockman - executive at Ohio-based Reynolds and Reynolds. Similarly to Restore Our Future, three firms sharing a P.O. Box - CRC Information Systems Inc, Fairbanks Properties LLC and Waterbury Properties LLC - split the donation three ways. Total donations: $1 millionWhiteco Industries - Indiana-based company involved in advertising, construction, entertainment and hotels. Donation: $1 millionThe Mercury Trust - entity linked to California private equity firm of Saul Fox. Donation: $1 millionClayton Williams Energy Inc - Midland, Texas-based drilling company. Donation: $1 millionJay Bergman - of PETCO Petroleum Corporation. Donation: $1 millionKenneth Griffin - Citadel Investment Group chief executive. Total donations: $1 millionWayne Hughes - Founder of Public Storage. Total donations: $1 millionJohn Childs - Chairman and CEO of Boston-based JW Childs Associates. Total donations: $1 millionPhilip Geier - New York executive. Total donations: $1 millionIrving Moskowitz - a Florida bingo magnate who runs a charity in California and is known for his support of Jewish settlers in East Jerusalem. Donation: $1 millionRobert Mercer - co-CEO of hedge fund Renaissance Technologies. Donation: $1 million BARACK OBAMA (Democrat) Total raised, including transfers: $609.4 millionRaised in September, including transfers: $136.2 millionTotal transferred from the funds jointly used by the campaign and the Democratic Party: $176.6 millionTransferred in September: $39.8 millionTotal spent: $469.9 millionSpent in September: $111.4 millionCash on hand: $99.3 millionDebt: $2.6 million DEMOCRATIC NATIONAL COMMITTEE Total raised: $253.6 millionRaised in September: $20.3 millionTotal transferred in: $108.4 millionTransferred in September: $4.0 millionTotal spent: $261.6 millionSpent in September: $22.8 millionCash on hand: $4.6 millionDebt: $20.5 million OBAMA VICTORY FUND 2012 (The main joint Obama/DNC fund) Total raised: $371.1 millionRaised in September: $80.0 millionCash on hand: $45.2 million MITT ROMNEY (Republican) Total raised, including transfers: $337.2 millionRaised in September, including transfers: $76.2 millionTotal transferred from the funds jointly used by the party and the Romney campaign: $236.4 millionTransferred in September: $34.2 millionTotal spent: $298.2 millionSpent in September: $54.7 millionCash on hand: $63.1 millionDebt: $5.0 million REPUBLICAN NATIONAL COMMITTEE Total raised: $331.2 millionRaised in September: $48.4 millionTotal transferred in: $127.5 millionTransferred in September: $28.6 millionTotal spent: $249.4 millionSpent in September: $42.4 millionCash on hand: $82.6 millionDebt: $9.9 million ROMNEY VICTORY INC (Joint Romney/RNC fund - third quarter, July through Sept.) Total raised: $375.6 millionRaised in third quarter: $235.2 millionCash on hand: $37.4 million Appendix: SUPER PACS:RESTORE OUR FUTURE, a Super PAC supporting Romney Total raised: $110.5 millionRaised in September: $14.8 millionTotal spent: $94.9 millionSpent in September: $4.6 millionCash on hand: $16.6 million PRIORITIES USA, a Super PAC supporting Obama Total raised: $50.1 millionRaised in September: $15.3 millionTotal spent: $43.6 millionSpent in September: $12.8 millionCash on hand: $7.3 million AMERICAN CROSSROADS, a Super PAC supporting Republicans Total raised: $68.0 millionRaised in September: $11.4 millionTotal spent: $53.4 millionSpent in September: $27.9 millionCash on hand: $15.8 million
In some ways, it's encouraging that the Mitt Romney who boasted earlier this year about having been "a severely conservative governor" of Massachusetts morphed Monday into a serenely moderate presidential candidate."Our purpose is to make sure the world is peaceful," he said during his third and final debate with President Barack Obama. "We want a peaceful planet."All told, Romney said "peaceful" or "peace" 12 times during the 90-minute clash. This compares to zero for Obama, who used the word "war" 11 times (though mostly in the context of reminding viewers what he had ended in Iraq).All but gone was the blustery Romney of the primary season who sounded eager to bully or bomb the world into submission with enhanced military might and to invade every nation that dared to look at us crosswise. Emerging was the "we can't kill our way out of this mess" Romney, promising to get troops out of Afghanistan by the end of 2014, swearing off direct military intervention in Syria and criticizing the war in Iraq he once supported.This New Romney, should he be elected, will deal much more deftly with the numerous international crises sure to beset him and increase whatever slim chance we have of ever living on "a peaceful planet."In some ways, it's galling.Romney has shown no shame about his dramatic shifts in position and tone not only during this campaign but also throughout his highly elastic political career. And voters, to judge by recent polls showing him gaining on if not actually overtaking Obama as we close in on Election Day, Nov. 6, have shown little inclination to hold it against him.He seems willing to say whatever he has to say, even if it directly contradicts what he said before, to appeal to wavering moderate voters in swing states who are alarmed by severity and extremism of all sorts.We've seen campaigns more negative than this, but I doubt we've ever seen one quite as cynical.And in some ways, it's confusing.If he's elected, which Mitt Romney will put his hand on the Bible on Inauguration Day?Severe Mitt, who oiled his way into the good graces of the conservative base by edging or lurching to the right on gun laws, climate change, gay rights, abortion, the expansion of health care, the legacy of Ronald Reagan, campaign finance laws and no-tax pledges?Or New Mitt, the one who boasts (inaccurately, but never mind) of how effectively bipartisan he was when governing Massachusetts, who pledges that rich people won't pay lower taxes when he enacts his mysterious plan to reform the code and who pledges his fealty to 100 percent of the people, including the 47 percent of freeloading Obama supporters he dismissed when he thought no one but his rich friends were listening?My guess is that Romney isn't particularly animated by most of the social issues that inflame his core supporters or particularly interested in foreign affairs — that he sees himself as a highly pragmatic business executive with the skill set and philosophy well-suited to presiding over a roaring economy.But overall, it's ominous.If you've ever bought a car off the lot, you're probably familiar with the moment when you recognize that the salesman is saying whatever he thinks you want to hear, smoothly allaying the concerns you've voiced earlier while reinforcing the car's ability to give you what he's gleaned you want — high mileage, legroom, safety features, whatever.And you get that sinking realization that what he cares about is not you or your interests but making the sale.It doesn't mean the car's bad or the deal's lousy. It just means you need to ramp up your cynicism to match his. Trust should not be part of this equation.Severe Mitt and New Mitt do share this common and consistent belief: Mitt Romney should be president of the United States.Buyer beware.
Moderate Mitt, the kinder, gentler Republican, looked straight into the camera at the end of Monday’s debate and told us that he wants to get people off food stamps — “not by cutting the program, but by getting them good jobs.”Come again? Is this the same candidate whose economic plan would throw an estimated 13 million people off food stamps entirely, or cut annual benefits by nearly $2,000 per family? Who approved his running mate’s plan to slash billions for food stamps? Nope.Never too late to shake that Etch A Sketch.But do you buy it? Economists don’t. They calculated that deep cuts in food stamps and many other programs would be necessary to pay for Romney’s huge tax cuts for the rich, along with his promise to balance the budget.The estimates above are from the Center on Budget and Policy Priorities, a nonpartisan think tank. They assume Romney would offset at least some of his tax cuts, even though he hasn’t provided any details of how he’d do that.So Romney’s already planning on cutting food stamps, regardless of whether he can find every poor person a good job. Remember, most food stamps go to children, the elderly and the disabled. Even working families — almost half of all food stamp recipients — find their income isn’t enough to make ends meet. More people are poor enough to qualify for food stamps, due to the economy. On average, food stamps work out to just $1.45 per meal. In lieu of that meager aid, is Romney going to immediately find them all a better job?Religious leaders who denounced the Romney-Ryan budget don’t think so. They called these cuts amoral because they disproportionately hurt the poor in order to benefit the rich. But Romney doesn’t want voters to think about that. Or how he wrote off 47 percent of Americans as moochers who “believe they are victims” and will never take responsibility for their own lives.That sounds harsh. And appropriately so — because that’s exactly what Romney’s cuts will be.
The Supplemental Nutrition Assistance Program (SNAP)[1], more commonly known as food stamp program , provides financial assistance for purchasing food to low- and no-income people living in the U.S. It is a federal aid program, administered by the U.S. Department of Agriculture, though benefits are distributed by individual U.S. states.In the 2011 fiscal year, $76.7 billion in food stamps were distributed.[2] As of March 2012, 46.4 million Americans were receiving on average $133.14 per month in food stamps.[2] In Washington, D.C., and Mississippi, more than one-fifth of residents receive food stamps.[3]Since June 2004, all states have used Electronic Benefit Transfer (debit card) for food-stamp benefits.[4] For most of its history, however, the program actually used paper-denominated stamps or coupons worth US$1 (brown), $5 (blue), and $10 (green). These stamps could be used to purchase any prepackaged edible foods regardless of nutritional value (for example soft drinks and confectionery could be purchased on food stamps). In the late 1990s, the food-stamp program was revamped and actual stamps were phased out in favor of a specialized debit-card system known as Electronic Benefit Transfer (EBT) provided by private contractors. Many states merged the use of the EBT card for public-assistance welfare programs as well. The 2008 farm bill renamed the Food Stamp Program as the Supplemental Nutrition Assistance Program (as of October 2008), and replaced all references to "stamp" or "coupon" in federal law to "card" or "EBT."
(Reuters) - Nobel Prize-winning economist Joseph Stiglitz chided U.S. President Barack Obama and Republican presidential candidate Mitt Romney for not seriously addressing the troubled U.S. housing market during the recent series of presidential debates.The Columbia University economics professor said in an interview with Reuters TV that the two men have shied away from discussing the uneven U.S. housing market recovery because neither has concrete solutions for helping financially strapped homeowners and both are wary of offending the banks."I find that shocking" that neither has talked about housing market issues, Stiglitz told Reuters. "It is one of the things that precipitated the crisis. In some sense, they don't want to offend the banks ... . The banks have been a major problem to doing something about the problem."Stiglitz, who won the Nobel Prize for economics in 2001, spoke less than two weeks before what could be one of the closest presidential elections in U.S. history.Romney was 1 percentage point ahead of Obama in Wednesday's Reuters/Ipsos daily tracking poll in a race that is effectively a dead heat ahead of the November 6 vote.The biggest weak spot in the domestic economy continues to be the housing market, despite signs of life in cities like Las Vegas, Phoenix and Miami - some of the hardest-hit areas during the financial crisis.Miami home prices rose again in September, marking 10 consecutive months of appreciation, according to the 26,000-member MIAMI Association of REALTORS.But there are many skeptics about how solid the recovery is and whether some uptick in home building has been the result of the Federal Reserve's recent action to buy mortgage securities to reduce borrowing costs.On Wednesday the Mortgage Bankers Association reported that last week, applications for new mortgages in the United States registered their biggest percentage decline in a year as rates for a 30-year mortgage rose 6 basis points to an average of 3.63 percent, the highest in a month.SHRINKING MORTGAGE DEBTThe country is still way off from its long-term average rates in construction, housing sales and foreclosures.About 3.8 million homes have been foreclosed on since the financial crisis began in 2008, according to CoreLogic, which also reports another 1.3 million homes are in some stage of foreclosure.Stiglitz said any meaningful discussion about housing must include a plan for reducing the level of mortgage debt held by U.S. homeowners, given how far property values dropped during the crisis."As soon as you start talking about mortgages and the housing problem, both sides feel uncomfortable," Stiglitz said."Obama hasn't done enough and Romney has no real proposals," and yet both candidates have raked in millions of dollars from the banks in campaign contributions, he said.Stiglitz is not the only economist who argues that reducing mortgage debt is the surest way to boost the economy by providing financial relief to struggling homeowners.The Financial Times reported on Wednesday that if Obama is re-elected, he will push to oust Edward DeMarco, the acting head of the Federal Housing Finance Agency, who has opposed using principal reductions to reduce debt obligations on mortgages guaranteed by Fannie Mae and Freddie Mac.The FHFA is the chief regulator of the two government-sponsored mortgage finance firms.Others have promoted even more controversial measures to fix the housing market, like giving local governments the power to seize distressed mortgages through eminent domain so they can be restructured to enable homeowners to remain in their residences.The idea of using eminent domain, which has been vigorously opposed by Wall Street bond investors, is being considered by San Bernardino County in California and a handful of other communities across the country.Stiglitz said there are some good ideas about the restructuring of mortgages but neither candidate is addressing them.One way or the other, the candidates could consider reduction in mortgage principal but "the banks don't want to do it because they would be forced to recognize losses."
Ya están los resultados de las elecciones USanas, victoria de Obama:http://noticias.lainformacion.com/mundo/elecciones-estados-unidos-2012-obama-arrasa-y-obtiene-cuatro-anos-mas-para-completar-su-politica-social_k18zCqe57bJx7jw5IQXaY2/Entre la mierda y la mierda con perfume y gran campanya de marketing, gano la mas mediática y comercial (me equivoque en mi prediccion ).A ver como lidia el Nobel de la Paz con la situación interna y externa que se cierne sobre el... Miedo me da Saludos!