Bloomberg reports: Wealthy donors and corporations are more heavily invested in this presidential election than at any time since the 1972 Watergate scandal led to stricter campaign- finance laws.
A series of court decisions and regulatory changes in 2010 unraveled federal limits on donations, paving the way for a return of the big players. They are pooling their money in nonprofits, which keep contributor names secret, and super- political action committees, which amassed $350 million through the end of July.
One-quarter of that money comes from just 10 donors, led by Las Vegas casino billionaire Sheldon Adelson, according to data from the Center for Responsive Politics, a Washington-based group that tracks such spending.
Top Republican contributors say they back the party’s presidential candidate Mitt Romney because they agree with his small-government philosophy or oppose President Barack Obama’s new regulations on banks and the health-care industry.
Yet Romney is more than just a political kindred spirit; he’s a sound investment. Here’s how a Romney presidency might pay off — literally — for some of these super-donors. [Continue reading…]