‘October is going to look like Christmas for the Democratic Super PACs’

Big donors finally coming out for the Democratic Super PACs

September 27, 2012

Some major Democratic donors have finally come out for the Super PACs, the New York Times reported Thursday:

With the election just weeks away — and millions of dollars in advertising time booked but not yet paid for — Democratic super PACs are finally drawing the kind of wealthy donors who have already made Republican outside groups a pivotal force in the 2012 campaign.

More than 40 individuals and couples had given at least $250,000 to the leading Democratic super PACs through the beginning of September, according to a New York Times analysis of campaign finance records, and dozens more have given $100,000 or more. […]

In their place, the Democratic groups are raising heavily from the party’s traditional, pre-Obama sources of campaign cash: trial lawyers, unions and Hollywood. And at a time when Mr. Obama’s own big donors often complain about his indifference and inattention to them, Priorities USA has had more luck outside the president’s inner circle than inside it.

Donors like the reclusive Fred Eychaner, trial lawyer Steve Mostyn and his wife, Amber, outsourcing pioneer Irwin Jacobs, and DreamWorks CEO Jeffrey Katzenberg have given millions to Democratic Super PACs

The influx of cash from the more traditional Democratic donors is expected to continue this month, according to NBC investigative correspondent Michael Isikoff.

"One Democratic consultant told me the other day, ‘October is going to look like Christmas for the Democratic Super PACs,’" Isikoff said in an "Daily Rundown" segment Thursday morning. "A lot of traditional, big Democratic donors—not just labor unions, but money on Wall Street, and trial lawyers are stepping up."