Monday, October 01, 2007

Who is Sheldon Adelson?

The New York Times had a very interesting story over the weekend about the new rightwing political actiona group called Freedom's Watch.
Freedom’s Watch has been serving as the rightwing counter to and its campaign against the Iraq War. The group recently launched a $15 million advertizing blitz to support the “surge” and also counterattacked over the controversial Petraeus/Betray Us ad.
What I found most intersting, however, was the section talking about who is behind this new group:

Among the group’s founders are Sheldon G. Adelson, the chairman and chief executive of the Las Vegas Sands Corporation, who ranks sixth on the Forbes Magazine list of the world’s billionaires; Mel Sembler, a shopping center magnate based in St. Petersburg, Fla., who served as the ambassador to Italy and Australia; John M. Templeton Jr., the conservative philanthropist from Bryn Mawr, Pa.; and Anthony H. Gioia, a former ambassador to Malta who heads an investment group based in Buffalo, N.Y. All four men are long-time prolific donors who have raised money on behalf of Republican and conservative causes.

Who is Sheldon Adelson? Only the third richest man in the U.S. and sixth richest in the world according to Forbes. His net worth is $28 billion, which is more than three times that of leftwing boogieman George Soros.
We have heard lots of sniping from the right about the millions of dollars that Soros has donated to liberal groups like MoveOn. So how come we don’t know anything about this guy Adelson who makes Soros look like a pauper?

The reason, I believe, is that billionaires who support Republicans are a dime a dozen and thus not interesting to our sensationalist media. However, a billionaire who supports Democrats is extremely rare and thus it’s your classic ‘man bites dog’ story that gets all the attention.
But it also leads rightwingers to falsely believe that they are somehow at a disadvantage when someone like Soros gives money to liberal causes. The truth is that Soros’ funding of leftist groups is drop in the bucket compared to the gusher of money that flows into rightwing coffers from the likes of Sheldon Adelson and Richard Mellon Scaife.

No comments:

Post a Comment