Super PAC Billionaire Concerned with Deficit

By admin | 6 years ago

The billionaire behind the new effort by super PAC to oppose the President describes himself as an independent concerned with the runaway federal deficit. Joe Ricketts, the founder of TD Ameritrade is now a more active player in recent years in conservative politics. He and his wife have contributed over $1 million to candidates in the GOP since 2008.

This week  Deb Fischer, a little known state Senator from Nebraska won the nomination for the GOP for the U.S. Senate following a $250,000 ad blitz in the last minute by the super PAC that is partially funded by Ricketts.

Ricketts’ family owns MLB’s Chicago Cubs and on Thursday, he was front and center in a political firestorm following a report from the New York Times that he was considering a plan to spend $10 million on advertising to remind potential voters of the ties between President Obama and the controversial Rev. Jeremiah Wright.

Fred Davis a GOP strategist oversees the proposal that calls for television commercials linking the President to Wright’s incendiary remarks. The pastor’s race-focused church sermons helped to make him a controversial figure during the 2008 presidential campaign.

Jim Messina the campaign manager for Obama called the commercials a character assassination and a number of members of the Republican Party tried to distance themselves from the ad campaign.

Hours after complaints came from the Obama campaign Mitt Romney repudiated the advertising strategy of Wright. Romney said it was the incorrect course for a campaign or a PAC. He said he hoped the two party’s campaigns could stick to the future and the issues.

About the author