Super-PAC Bankroller Foster Friess Jumps on Romney Bandwagon

Foster Friess.<a href="http://www.flickr.com/photos/gageskidmore/5486324547/sizes/z/in/photostream/">Gage Skidmore</a>/Flickr


Rick Santorum and Foster Friess, the silver-haired, crocodile-hunting, born again financier who made his fortune in mutual funds, go way back. Friess helped raise money for Santorum as early as 1994, when Santorum first ran for US Senate in Pennsylvania. During Santorum’s surprisingly successful presidential campaign, Friess poured $1.6 million into a super-PAC called the Red, White, and Blue Fund that was devoted to helping Santorum win the GOP nomination. The money helped keep Santorum competitive in multiple primary states. But after Santorum dropped out of the race on Tuesday, it didn’t take long for Friess to jump on the Mitt Romney bandwagon.

“I’m obviously going to be of help [to Romney] in whatever way I can,” Friess told Politico‘s Ken Vogel, who broke the news. Friess continued: “I’ve got some plans as to how I might be able to be of help. The bottom line is, I’m going to be very supportive and I’ll probably have plans to share with you a little later on.”

If Friess does decide to go all-in for Romney, he could give a max of $2,500 to Romney’s campaign. But there’s no limit on what Friess can give to the pro-Romney super-PAC Restore Our Future. (An official with Restore Our Future did not respond to a request for comment about reaching out to Friess since Santorum’s departure.) Friess could also give to Karl Rove’s American Crossroads, a Republican super-PAC that plans to spend up to $300 million blitzing President Obama and supporting Republicans. Or he could donate to Crossroads GPS, a 501(c)(4) non-profit that doesn’t disclose its donors and runs a mix of so-called issue advocacy ads and pure political ads. In other words, there’s no shortage of Romney-friendly political players eager to take Foster Friess’ money.

More MotherJones reporting on Dark Money

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate

Share your feedback: We’re planning to launch a new version of the comments section. Help us test it.