Tag Archives: elections

Romney campaign’s $1 million loot from mystery firm

Mitt Romney, the corporate media-sanctioned front-runner, has been the recipient of one the largest political donations ever this election season. Except how his campaign received some of these money is raising some serious legal questions.

A mystery company that pumped $1 million into a political committee backing Mitt Romney has been dissolved just months after it was formed, leaving few clues as to who was behind one of the biggest contributions yet of the 2012 presidential campaign.

A former FEC counsel describes it as “subterfuge” while Dave Weigel calls it money laundering.

Who are these people donating such large sums to Romney anyway? According to Politico, Romney’s donor list includes a billionaire who profited off the housing bubble’s collapse, bankers, and a few wealthy people.

This campaign revelation has come at a bad time for Romney. With the debt ceiling brouhaha over and no major news going on in the next few weeks, all eyes are will be on him.1 His prolonged silence in the debt ceiling debate, Sarah Palin’s salvo, fellow Mormon John Huntsman’s imploding campaign, his non-participation in the Ames Straw Poll, and now this mysterious campaign donation will ensure that he will suffer the brunt of unwelcome media scrutiny in the next few days.

Though, it is doubtful that this controversy would seriously hurt Romney’s presidential campaign in any significant way. If his ideological flip-flops have not hurt his lead in the polls, then why would illegal contributions? If anything, this would be seen as yet another media-led witch-hunt against the wealthy and their expensive political speech. Romney would only benefit from such “attack.”

1 Except the deepening famine crisis in Somalia, the increased violence in Afghanistan and Iraq, the continued violence in Libya, the stock market’s free-fall, the weakening dollar, and so on. But I digress.