2016 Presidential Hopefuls Are Already Schmoozing Sheldon Adelson And Other Bankrollers

Sheldon Adelson.Photo by Color China Photos/Zuma Press

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.


In the super-PAC era, it is never too early to cozy up to the biggest bankrollers in American politics.

Just a week after Election Day, three potential contenders for the 2016 GOP nomination—Louisiana Gov. Bobby Jindal, Ohio Gov. John Kasich, and Virginia Gov. Bob McDonnell—paid visits to casino magnate Sheldon Adelson, Politico reported Monday. Adelson and his wife, Miriam, set a new record for individual giving at $54 million during the 2012 campaign. And that’s just the spending that was disclosed—it’s likely they gave much more. Adelson said in March he might give as much as $100 million to retake the White House, and the Huffington Post reported Monday that Adelson’s total giving is actually closer to $150 million. So it’s no surprise that Adelson would be at the top of Republican presidential aspirants’ must-visit list. 

Democrats are likewise buttering up their biggest donors. Maryland Gov. Martin O’Malley of Maryland will meet with donors in Los Angeles this week, Politico notes, and in posh Chevy Chase, Md., next Monday. Given Southern California’s outsized role in bankrolling President Obama’s reelection campaign,future Democratic candidates’ road to the White House runs through Los Angeles and, in particular, mega-fundraiser Jeffrey Katzenberg, the CEO of Dreamworks. You can expect to see plenty more presidential aspirants swing through L.A. 

Vice President Joe Biden, a potential 2016 candidate, and Sen. Mark Warner (D-Va.), a centrist favorite, have also met with donors in recent weeks.

Lawmakers, of course, probably aren’t giddy about spending their time with their party’s moneymen. But with public financing of presidential campaigns horribly outdated, and with super-PACs and shadowy nonprofits so influential, any viable presidential bid needs big money in its camp. That state of play has Democrats already fretting about the next presidential campaign:

“I don’t think that there would be any way to prevent that,” said Paul Begala, a top strategist for the Priorities USA Action super-PAC, which supported President Barack Obama and reported spending $65 million attacking Romney. “The next time around will be an open seat, and you are almost certain to see a proliferation of these things.”

But one of Begala’s top donors, Houston trial lawyer Steve Mostyn, who along with his wife and their law firm donated $4.2 million to liberal super PACs, predicted Democratic donors could avert a nasty and expensive super PAC primary war.

“Democratic donors already have a distaste for super PACs, and I believe that an agreement not to use super PACs in the primary or at least not to be used in an attacking manner is something big donors on the Democrats’ side will push for and get,” Mostyn said. Otherwise, “there is a possibility of the same type of demolition derby on both sides.”

Mostyn says he’s not ready to commit to a 2016 candidate. “I have not thought about it, and at this time I have no desire to,” he said.

More Mother Jones reporting on Dark Money

TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

The bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. And advertising or profit-driven ownership groups will never make time-intensive, in-depth reporting viable.

That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

payment methods

TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

The bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. And advertising or profit-driven ownership groups will never make time-intensive, in-depth reporting viable.

That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate