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Hedge funder Jim Simons in mid-October donated $1.5 million to Priorities (bringing his tally to $5 million) and $500,000 to House Majority PAC ($1.5 million total). And Houston attorney Steve Mostyn gave $1 million to Priorities, bringing the total given by him and his wife to more than $4 million.
The Democratic super PACs also got major support from labor unions.
While Priorities was outspent on ads $65 million to $144 million by Restore Our Future, the pro-Obama group has boasted of using its cash more effectively by airing early ads that sought to brand Romney as a heartless corporate raider – a strategy that mirrored the Obama campaign’s.
Obama’s campaign had urged its small donors to dig deep by issuing dire – and inaccurate, it turns out – predictions that it would be outspent by both super PACs and Romney’s campaign, and wouldn’t reach the $1 billion threshold. The idea that the campaign would raise that much was “bulls**t,” campaign manager Jim Messina asserted in a video message asking supporters for “contributions of three dollars or five dollars or whatever you can do to help us expand the map, to put more people on the ground, to build a real grass-roots campaign that is going to be the difference between winning and losing.”
Read more: http://www.politico.com/story/2012/12/barack-obama-mitt-romney-both-topped-1-billion-in-2012-84737_Page2.html#ixzz2EOEnHC00
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