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Wall Street Republicans fund GOP congressional candidates

Timothy Kincaid

August 16th, 2012

Perhaps “Wall Street Republicans fund GOP congressional candidates” isn’t exactly ground-shaking news. But the reason that the Republican Unity super-PAC selected its first three recipients might surprise you. It’s because they want to build a base of pro-equality supporters within the GOP. (Politico)

American Unity PAC, launched by Elliott Associates hedge fund executive Paul Singer earlier this summer with a $1 million donation, is poised to advertise in the races being fought by Reps. Mary Bono Mack (R-Calif.), Richard Hanna (R-N.Y.) and Judy Biggert (R-Ill.). While none of the three candidates has stated a clear position on gay marriage — only one GOP House member supports it — the group hopes to move the people it backs toward support of it.

The major contributors to the PAC, aside from Singer, are financier Cliff Asness, who gave $100,000, [hedge fund manager] Dan Loeb, who gave $250,000, and [investment group founder] Seth Klarman, who also gave $250,000. Asness and Loeb played a role in Singer’s efforts to fund the push for New York’s successful gay marriage legislation in 2011.

While Bono Mack, Hanna, and Biggert have not taken public positions in support of marriage equality, they are generally supportive of the community. And I rather suspect that when Mr. Singer calls and says, “Hi. I’m Paul Singer and I just saved your political career. Let’s talk about marriage”, they just might find his arguments very convincing.

Comments

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Timothy (TRiG)
August 17th, 2012 | LINK

The way your politicians can be so blatantly bought and sold is quite disgusting. At least people buying Irish politicians have the decency to use brown paper envelopes.

TRiG.

TampaZeke
August 17th, 2012 | LINK

I think someone has finally found the way to “change the Republican Party from the inside” that the LCR and GOProud (to a lesser extent) have been unsuccessfully looking for for so long. What possibly could make a Republican consider gay people to be real human beings deserving of equal rights and responsibilities of citizenship?

BRIBERY!

Hey, I’m not knocking it. What ever works!

I can think of a few Democrats who might also finally see the light if the price is right!

TampaZeke
August 17th, 2012 | LINK

On a more serious note, I DO understand what this organization is saying and what they’re trying to do. I think it’s a good idea. I wish them much success.

It does seem a bit counter intuitive however to fund and promote pro-marriage equality candidates down ticket at the same time they are promoting and funding anti-marriage equality candidates who have pledged to push an anti-marriage equality amendment at the top of the ticket.

Mark F.
August 17th, 2012 | LINK

GOP votes helped repeal DADT, gave us marriage equality in New York and prevented the repeal of marriage rights in NH. Just sayin…

Tor
August 17th, 2012 | LINK

It is amazing what money can buy.

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