State & National News

Chamber, Rove and others spend $9.5M to defeat Nelson

October 29, 2012

The U.S. Chamber of Commerce, NRA, Karl Rove’s PAC and others PACs are out to defeat incumbent U.S. Senator Bill Nelson (D-FL). The Democratic PACs are only spending $2.73 million to oppose Connie Mack’s bid to unseat Nelson.

NELSON, BILL (D) AMERICAN CROSSROADS Oppose $4,022,606.36
NELSON, BILL (D) US CHAMBER OF COMMERCE Oppose $3,846,303.00
NELSON, BILL (D) FREEDOMWORKS FOR AMERICA Oppose $852,248.22
NELSON, BILL (D) NATIONAL RIFLE ASSOCIATION INSTITUTE FOR LEGISLATIVE ACTION Oppose $378,163.77
NELSON, BILL (D) NATIONAL RIFLE ASSOCIATION OF AMERICA POLITICAL VICTORY FUND Oppose $288,174.05
NELSON, BILL (D) REINVENTING A NEW DIRECTION – RANDPAC Oppose $125,000.00
$9,512,495.40
MACK, CONNIE (R) DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE Oppose $1,752,158.00
MACK, CONNIE (R) MAJORITY PAC Oppose $805,585.48
MACK, CONNIE (R) WORKERS’ VOICE Oppose $176,015.53
$2,733,759.01

 

 

  • joe October 29, 2012 at 11:28 pm

    The Lehman type story is repeated time and time again, repubs and dems alike, interesting reading though. thanks ames.

  • dot October 29, 2012 at 11:42 am

    “….to defeat incumbent U.S. Senator Bill Nelson (R-FL).” “R”?

  • Ames October 29, 2012 at 11:35 am

    The RNC and affiliated PACs are collecting bought and paid for politicians.
    Like this guy. He will get his money back, and then some, if MR wins the election. Tell me…whose pockets will all that money come from?

    Republican presidential candidate Mitt Romney has vowed to boost the size of the Navy by roughly 15 percent as part of a broader defense buildup. “Our Navy is smaller now than at any time since 1917,” he complained in Monday night’s debate. “That’s unacceptable to me.”

    But for one of Romney’s most important advisers on Navy issues, a man who oversaw a massive naval expansion for Pres. Ronald Reagan, there’s more at stake than U.S. national security. John Lehman, an investment banker and former secretary of the Navy, has strong and complex personal financial ties to the naval shipbuilding industry. He has profited hugely from the Navy’s slow growth in recent years — raising the prospect that he could make even more if Romney takes his advice on expanding the fleet.

    That doesn’t mean that a bigger or better Navy is necessarily a bad idea. But it does complicate Romney’s claim that a larger Navy would merely be “matched to the interests we need to protect.” A bigger maritime force has the possibility of personally enriching one of the candidate’s top advisers. In fact, it already has.

    Lehman is the founder and chairman of J.F. Lehman & Company, a private equity firm. He also sits on several corporate boards.

    Lehman invested in a government-backed “Superferry” in Hawaii — a business that ultimately failed, but not before boosting the standing of Austal USA, an Alabama shipbuilder that constructed the ferry service’s ships. Austal USA’s rising fortunes in turn benefited international defense giant BAE Systems, which then bought up shipyards owned by Lehman in order to work more closely with Austal USA.

    When all was said and done, the roundtrip deal helped net Lehman’s firm a reported $180 million. And besides that, Lehman continues to own shipyards that do lucrative maintenance work for the Navy. Even leaving aside the intricate ferry-and-shipyard series of deals, Lehman still stands a decent chance of profiting from the naval buildup he is helping to plan.
    More…
    http://www.wired.com/dangerroom/2012/10/big-business-romneys-navy/all/