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-- -- -- -- -- -- -- -- -- -- -- -- -- -- Million dollars was donated by Sheldon Nelson in support -- Newt Gingrich is surging presidential campaign.
Among the largest known political donations ever made in US history he has been -- programming is the CEO.
Of Las Vegas Sands and this is all here's the backdrop the GOP primary race is heating up -- lord of the super pacs are spending their big bucks on TV ads.
Restore our future the biggest spender of the -- -- dropped over twelve million dollar spending their cash to support Mitt Romney.
But will -- spending give Romney the advantage he needs and they provide -- hundred -- -- to some other candidates.
Well joining me now -- when influential Republican donor and state of South Carolina.
You know bury this super -- the mean emergence of them.
As the way to get a candidate.
In office do you think that we need more transparency.
In the donors in how the money is spent.
Well afternoon -- -- -- I actually think that we do need more transparency but I think the decision.
By the Supreme Court two years ago was certainly -- game changer it really changes the entire way we finance the presidential campaigns.
I actually think it was a good decision but I think what congress needs to do I don't think they can change the decision obviously it would take -- constitutional amendment to do that but I do think they can.
Tighten up the disclosure.
And I think that really is -- the worst part of this really is we don't know all the people that are giving to the super pacs.
And I think we do need to know that in a timely fashion and I think that we could easily have -- super -- report their donors.
Over the Internet you could do that whether it's a two week thirty day sixty day requirement.
It we do need to know who those conservatives are because.
Quite frankly they could be people that would be would be of great concern.
To all of us if they were contributing to this super -- so that part of that actually think that we cannot improve through through congressional action.
Very do you think that there is concern from the candidates themselves about having super pacs behind them because.
The rhetoric for the election year is going to be frankly anti Wall Street -- -- Mitt Romney who you support.
Is having to deal with right now.
Yeah I actually think if you ask all the cast that really rather to remove all the limits for the individual campaigns and allow a vote -- and it.
Go out and seek these larger donations for the campaigns directly.
Instead of through the super -- I think they would all prefer it that way but this is really change -- -- the way fund raising is done.
If you go back and look at what we were -- before the decision two years ago.
We would always for finance -- -- the finance committee may consist of fifty people they would go out have events for the presidential.
Candidate in -- -- if they bring in maybe a hundred people they would give 2000 dollars should you have 200000 per event.
You do fifty of these -- raise ten million dollars in -- ten million dollars really the seed capital to crank up the campaign how our staff and Begin the campaign effort around the country go into early primary states and her staff.
Now the -- have to look at that site do I really have the time to do that do I need to go to -- to the coffee shops in New Hampshire to the coast and each room with a folks and not Charleston, South Carolina and -- most of my time doing that I don't have time to go around the country to these fifty events and rice ten million dollars.
So it be easier to call for people.
And now have them give give two and a half million dollars apiece through the super -- and that way you've got your ten million dollars even though it's uncoordinated.
But it's still a part of the campaign.
Now you actually have two campaigns -- the super cat super.
Campaign that that essentially is working.
Not coordinating but working for our a candidate and actually against another candidate.
Chair at the super -- are really not working with a campaign their separate -- let.
Yeah yeah net national is -- -- -- and a lot of quarterly without talking to each and I understand that but at the same time.
As of Sunday more than five million was spent.
On Mitt Romney by super -- I mean but do you think that that is enough I mean frankly you've got.
And union groups in Florida let's move the discussion of Florida now you've got.
And municipal workers state workers government workers their union as putting millions behind anti Romney ads.
You're behind Romney how big of a challenge does he face in Florida when you've got.
This other side of the attack coming on again the populist rhetoric.
That business is bad private equities bad there for Mitt Romney is -- Right I think it's it's a huge challenge for quite frankly I think primaries.
For -- gauntlet you know that you really probably need to go through -- their bit in the long run their probably helpful and running.
In a general election and I think a tough general election is probably helpful and be -- oppressed and so.
I don't think it's an on some accountable challenge for the for these camps to go through this type -- gauntlet.
You know obviously I think the key thing there is reporting.
Everybody has an interest in how the government spends trillions of dollars and that's really as long as the government is spending trillions of dollars they're gonna be people spending money on campaigns.
The only way to really solve this in the long run is really to shrink the sounds of the government.
And that way you don't have people fighting so much for their piece of the -- Very you've been at this long time of the Republican Party and you see many elections -- blood -- -- again as we go through the cycle very went colonial.
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