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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (92908)	6/26/2011 10:44:27 PM
From: puborectalis	Read Replies (1) \| Respond to of 94695

American Crossroads, the super PAC spearheaded by Karl Rove, is vowing a massive attack ad campaign aimed at defeating President Barack Obama next year. The group reported it had raised $3.8 million during the first six months of 2011. The group proclaims on its website that its mission is to empower "America's citizens" to "take back control of their government." But the new report suggests American Crossroads is anything but a grassroots funded organization. More than 90 percent of its money this year came from just three billionaire donors: Jerry Perenchio, the former Hollywood talent agent and ex-chairman of the Spanish language television network Univision, whose trust contributed $2 million; Dallas area hotel magnate Robert Rowling, who gave $1 million; and Texas homebuilder Bob Perry, who donated $500,000. All three have given generously to Republican and conservative causes in the past. Perry, who bankrolled tort reform efforts to limit lawsuits, was American Crossroads' biggest single donor last year, giving the group $7 million.