Timothy Collins, the CEO of private equity firm Ripplewood Holdings, was the lone donor to the Super PAC dedicated to helping Democratic Senate candidates disclosed in the year-end filing. Collins contributed at least $10,000 to Majority PAC, according to the dark money group’s most recent FEC filing.
If a campaign finance story is not about David Koch or Sheldon Adelson, do liberals care? Consider the reaction to Kenneth Vogel’s important report on the winter meeting of the Democracy Alliance, the secretive organization of progressive millionaires and billionaires who finance an extraordinarily byzantine network of liberal foundations and Super PACs that operate with undisclosed “dark money.” What reaction? Exactly. There wasn’t any.
Republicans (and I) thought the 2008 election was a fluke. We thought the Obama coalition of minorities, young people, and white liberals had been brought together under unusual circumstances: the unpopularity of the Bush presidency, the war in Iraq, and the recession and financial crisis. The 2010 midterms, in which the Obama coalition did not appear and Republicans had their best performance in decades, supported this assumption. A combination of GOP enthusiasm and a lackluster economy would spell trouble for Obama’s reelection. Obama would not be able to replicate his 2008 performance. His voters would not show up. We were wrong.