Posted by: mulrickillion | February 24, 2012

Among Romney Super PAC’s Corporate Donors, Big Names Not All Easy to Spot

By Adam Sorensen, Feb 22, 2012 — Restore Our Future, the super PAC supporting Mitt Romney’s presidential candidacy, raised $7 million in January, topping off its deep reservoir of funds and allowing the group to flood media markets from Sioux City to Sarasota with some $14 million in advertising. Its FEC disclosure on Monday revealed that its extensive effort to elevate Romney and bury the competition relied on a set of donors that runs the gamut from famous heirs and CEOs to the most opaque and controversial kind of corporate interests. . . .

image

Republican presidential candidate Mitt Romney speaks at Guerdon Enterprises, Feb. 17, 2012, in Boise, Idaho. Marcio Jose Sanchez / AP.

The latter represents a more mysterious group of contributors that could prove controversial for Romney in the long term. Donations from limited liability corporations like Select Management Resources comprise a small fraction of total super PAC gifts, but they come from the kind of organizations that campaign finance reform advocates worry about: difficult to track companies, sometimes with ties to special interests. . . .

The biggest LLC checks to Restore Our Future in January came from entities close to one industry: short-term lenders. Select Management Resources LLC, the aforementioned $100,000-donor, is owned by Rod Aycox, the president of LoanMax, a nationwide auto-title lender. Aycox has given heavily to politicians of both parties, including Barack Obama, in the past.  RTTTA LLC, a limited liability corporation based in Provo, Utah, that gave $75,000 to Restore Our Future, is registered with J. Todd Rawle, an executive at payday lender Check City and a Romney donor. Another $25,000 check came from REBS Inc., a company based in Las Vegas that shares an address with a Check City store. REBS Inc.’s registered agent is Yahi Peak LLC, which is also the registered agent for Tosh Inc., Check City’s parent company.

These donations make sense. Lenders like LoanMax and Check City top the list of regulation targets for Obama’s new Consumer Financial Protection Bureau, and Select Management Resources spent $600,000 lobbying on consumer finance issues in 2010, the year the legislation that created the CFPB was passed. (Romney has pledged to repeal the law). . . .

Among Romney Super PAC’s Corporate Donors, Big Names Not All Easy to Spot | Swampland | TIME.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: