Originally published on Tue August 7, 2012 1:31 pm
Credit Charles Mann Photography / iStockphoto.com
You wouldn't think politicians would have any trouble raising enough money these days. The presidential race is expected to be a billion-dollar affair, and spending records have been shattered at the congressional level.
Screen grabs of four separate ads from four different political groups critical of President Obama's handling of Solyndra, the failed solar-panel maker. Clockwise from top left, the ads are from: Americans for Prosperity, MittRomney.com, American Crossroads and Crossroads GPS.
Among the biggest advertisers in the presidential campaign is a group that says it doesn't do political advertising: Crossroads GPS.
Crossroads GPS — which stands for Grassroots Policy Strategies — was co-founded by Republican strategist Karl Rove. It and others like it enable wealthy donors to finance attack ads while avoiding the public identification they would face if they gave to more overtly political committees.
Former Democratic U.S. Sen. John Edwards (center) and his daughter Cate Edwards leave the federal court Thursday.
Credit Sara D. Davis / Getty Images
With a not guilty verdict on one count and the jury deadlocked on five others, it appears John Edwards' federal trial on campaign-finance charges ended with a whimper, certainly from the Justice Department's point of view.
At first blush, it can be argued that how the trial of the former U.S. senator from North Carolina ended may do little to deter politicians. They'll still be able to go forward and rake in money from supporters and, with some sleight of hand, spend that cash on practically anything.
In the world of high-dollar politics, the billionaire industrialists David and Charles Koch are famous for their lavish funding of conservative politicians and causes. But there's another Koch brother — William — who is passionate about many things, but only recently about politics.
Bill Koch is an avid yachtsman, and he set out to win the 1992 America's Cup. It would take four boats, more than 260 team members and single-minded determination.
David Rosow was the team's business manager and is a longtime friend of Koch's.