Adelson makes his case for backing GOP
November 5th, 2012
12:50 PM ET
1 year ago

Adelson makes his case for backing GOP

(CNN) – The billionaire casino mogul who pumped millions into pro-Republican efforts this year - most notably groups backing Newt Gingrich and then Mitt Romney's bids for the White House - penned an op-ed on the eve of Election Day explaining why he is backing the GOP.

Though media-shy in the past, Sheldon Adelson has been more open recently. He wrote in The Wall Street Journal Sunday night that he was raised a Democrat, "typical of the Jews of Boston in the 1930s and '40s," but switched not because he earned his way into wealth, but because the Democratic Party "has changed in ways that no longer fit with someone of my upbringing."

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"There is now a visceral anti-Israel movement among rank-and-file Democrats, a disturbing development that my parents' generation would not have ignored," he wrote, citing a poll as well as the tumult at the Democratic National Convention this summer over the removal and eventual inclusion of Jerusalem as the capital of Israel in the party platform.

The changing values of Democrats, he said, has also impacted the way they approach the role of government, charity, and business in the United States.

"Whenever President Obama deplores the wealthy ('fat-cat bankers,' 'millionaires and billionaires,' 'at a certain point you've made enough money,' and so on), it tells me that he has failed to learn the economic lessons of Illinois, and that he still doesn't understand the vital role entrepreneurs play in creating jobs in our society," Adelson wrote in the Journal.

Adelson and his wife, Miriam, backed Gingrich through the GOP primaries and were the primary bankrollers of the key super PAC supportive of the former House speaker's bid, which launched some harsh attacks on Romney. Adelson's team said the contributions were made without directives about how the money be spent.

After meeting with Romney this spring, including an hour and a half sit-down in his Las Vegas office, Adelson and his wife backed Romney as the party nominee and attended the former Massachusetts governor's fundraiser in Jerusalem this summer.

The Center for Responsive Politics said the Adelsons have invested over $53 million into outside groups this cycle, making them the top donors to such groups. The center notes their numbers include only disclosed contributions, while not all political groups are not required to disclose their donors.

Adelson noted that he differs with the GOP on some issues, but, like his "old immigrant Jewish neighbors" in Boston, would side with the party they find common ground with on the most important issues.

"Although I don't agree with every Republican position - I'm liberal on several social issues - there is enough common cause with the party for me to know I've made the right choice," he wrote. "The Democratic Party just isn't what it used to be."

– CNN Senior Producer Kevin Bohn contributed to this report


Filed under: 2012 • Mitt Romney
soundoff (42 Responses)
  1. jeff

    This guy justs wants us to be in WWIII when Israel goes for it in the Middle East. Why is he a Republican? Because he's a rich, selfish, ego-maniac. The Jewish Donald Trump.

    November 5, 2012 12:56 pm at 12:56 pm |
  2. Logic N LA

    Sheldon backed the GOP becuase of tax cuts- pure and simple. Did he back Clinton? Either of them- no. did he support Jimmy Carter? No. This man has one agenda and it ain't Israel!

    November 5, 2012 12:57 pm at 12:57 pm |
  3. Thomas

    Oh Money , Corruption ?

    November 5, 2012 12:57 pm at 12:57 pm |
  4. ThinkAgain: All of the GOP's policies are proven failures!

    Adelson is just another greedy Republican – and a sell-out to boot! He hated Mittens in the primaries, backing Crackpot Gingrich, but now that Mittens is the nominee (and more than a friend to the 1%), Adelson suddenly likes him.

    BTW, President Obama is on excellent terms with Bibi Netanyahu and Israeli Defense Minister, Ehud Barak has said, “I can hardly remember a better period of American support and backing, and Israeli cooperation and similar strategic understanding of events around us than what we have right now.”

    I'm trusting Bibi and Barak over Adelson, hands down.

    Obama/Biden 2012 = The only sane choice

    November 5, 2012 12:58 pm at 12:58 pm |
  5. Kef14

    All he needs to say is "the tax cuts that Romney will give me are far greater than what I spend on this election cycle".

    November 5, 2012 01:02 pm at 1:02 pm |
  6. peter peedin

    In case you ain't smart enough to know it you can't buy an election in America Sheldon. I know that you want to make Romney the new king of the US but it isn't going to happen now or never. I know you thought we were stupid hicks who you could throw a little money at and we would fold buyt you got another thing coming. We love America as much or more than you because we keep our money here. Maybe next time buddy but Romnesia is a also ran. What a waste of money and not to smart for a business man like yourself.

    November 5, 2012 01:03 pm at 1:03 pm |
  7. truth hurts

    He wrote in The Wall Street Journal Sunday night that he was raised a Democrat, "typical of the Jews of Boston in the 1930s and '40s," but switched not because he earned his way into wealth, but because the Democratic Party "has changed in ways that no longer fit with someone of my upbringing."
    ===========================================================================================
    That's because the Democrat Party has been taken over by the far left George Soros "progressives". The Democrat Party officially died when they nominated Obama instead of Clinton. It is now far more accurately the Democratic Socialist Party or the Democratic Communist Workers Party. JFK would NEVER be a Democrat today.

    November 5, 2012 01:07 pm at 1:07 pm |
  8. sharon

    Earlier this year, Adelson admitted that he was backing the GOP so that the Justice Dept would not push the investigation into his casinos if Romney was elected. Most of my Jewish friends decline to acknowledge him. They feel he is a gangster.

    November 5, 2012 01:11 pm at 1:11 pm |
  9. volta

    The democratic party has not changed it just can't find to many of them to maniuplate like you can in the republican party. Mitt Romney and the republican party owe you big time for all the monies you spent.

    November 5, 2012 01:11 pm at 1:11 pm |
  10. gcbruce

    If Mtt wins, this guy will be your new American President as he woud of bought his way in. So remember the faces of all the big wigs , CEO's beasuse they will be making all the decsions in regards to your future and Running your contry!! They bought Romney for a price!!!

    November 5, 2012 01:12 pm at 1:12 pm |
  11. Ah...I See.

    It's a good thing not all voters are "Jews of Boston raised in the 1930s and 1940s" where all they (seem to, according to any pundit who ever talks about jews) care about is the nation of Israel. And it's an unfortunate truth that this particular demographic have finished writing their history pages and are dwindling in numbers as each hour passes. Where it's important to defend our allies and the reason for creating Israel was Just, we cannot afford more war and frankly, neither can they. Obama's doing the right thing by nation building right here at home, and ending what Eisenhower warned us about (I wonder if Adelson cares about this chunk of his "upbringing"). If Adelson was truly the man of values he says he is, he'd be incapable of voting for any Republican as he got to experience every step of the way towards the massive failure brought on by as many years of Republican deregulation and tax cuts, which he directly benefitted from (Clinton also deregulated markets so he gets blame here too, other good deeds aside).

    November 5, 2012 01:13 pm at 1:13 pm |
  12. CanadaONE

    Canadian company to set up Casinos and hire only Americans – will be a threat to Adleson – he will have to move to China

    November 5, 2012 01:15 pm at 1:15 pm |
  13. gt

    not just for jews but southern white middle class too...thanks to nancy there will be no moderates in the house from the southern states....

    November 5, 2012 01:15 pm at 1:15 pm |
  14. Rationalintn

    People like Adelson are willing to waste $10 million or more on failing presidential campaigns, but they refuse to pay 3-4% more in taxes?

    Americans should be deeply disgusted at the lengths people will go to buy off politicians. What exactly does this guy expect in return?

    November 5, 2012 01:22 pm at 1:22 pm |
  15. V

    I never thought I would see the day when an election for the President of the United States was put up for bid. This is disgraceful and the Supreme Court should be ashamed of themselves for letting it happen!!

    November 5, 2012 01:23 pm at 1:23 pm |
  16. bb

    After tomorrow, he'll probably demand a refund.

    November 5, 2012 01:26 pm at 1:26 pm |
  17. Wire Palladin, S. F

    Adelson has spent a lot of Chinese Communist money to get a tax break from Mittens.

    November 5, 2012 01:28 pm at 1:28 pm |
  18. Claudia, Houston, Tx

    First of all there is no "visceral anti-Israel movement among Democrats/President Obama" and the Israeli administration has openly said "President Obama/Democrats have done more for Israel than any other President". The only visceral Adelson knows is President Obama wants the rich to pay their fair share and of course Adelson knows that Romney will make sure that doesn't happen. Adelson is another greedy old man using Israel on one hand as his platform for more greed.

    November 5, 2012 01:34 pm at 1:34 pm |
  19. abby

    Shameless. And Shame on Citizens United which gave folks as these too much power over election outcomes. We each should have one vote. Campaign finance reform now!

    November 5, 2012 01:35 pm at 1:35 pm |
  20. Howard

    GOD BLESS patriots, like Sheldon Adelson ... God Bless America !!!

    November 5, 2012 01:35 pm at 1:35 pm |
  21. California Gary

    The Democratic Party isn't what it used to be? Mr. Adelson, you might want to take a closer look at the Republican Party because it has morphed into something that is totally unrecognizable from the GOP of the past. The Tea Party Republicans, which have basically taken over the party, are hard right wing zealots that believe their way is the only way and are not open to governance through compromise. That is not good for America, and has never been our way. And the party nominee, Mitt Romney, has changed all of his positions and core values in order to gain the backing of these fine folks. I'm afraid you have wasted your sizable investments.....they would have been better spent in charitable causes.

    November 5, 2012 01:36 pm at 1:36 pm |
  22. NEVER to VOTE REPUBLICAN again

    What a troll!

    November 5, 2012 01:38 pm at 1:38 pm |
  23. LegalizeReason

    Any political party that alienates a gambling hall owner who is trying to buy an election can't be all bad. Justice Roberts, see what Citizens United has wrought.

    November 5, 2012 01:42 pm at 1:42 pm |
  24. MFVJR

    Filthy rich guys like him (blessed out of peoples money) are trying to subvert the peoples will in the election process is really beyond comprehension.

    November 5, 2012 01:42 pm at 1:42 pm |
  25. a little sad

    When Obama wins, I'm going to send Sheldon a present:

    A t-shirt that says "I spent $100 million to buy an election and all I got was this lousy t-shirt!"

    November 5, 2012 01:42 pm at 1:42 pm |
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