Romney’s Rainmakers Dump Millions Into His Super-PAC

<a href="http://www.flickr.com/photos/newshour/6804705570/sizes/m/in/photostream/">Newshour</a>/Flickr

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June was the best month ever for super-PACs since their creation in 2010. In all, super-PACs large and small reeled in $55 million last month, according to the Sunlight Foundation. That brings their overall haul for the 2012 election cycle to $313 million.

Leading the charge in the outside money wars was Restore Our Future, the pro-Romney super-PAC run by dark-money guru Carl Forti. Restore Our Future raised $21 million in June. Seven families ponied up $15 million of that haul: casino tycoon Sheldon Adelson and his wife, Miriam; Boston financier John Childs; Dallas investor Harlan Crow; the company owned by Bill Koch, brother of the billionaires Charles and David Koch; Houston homebuilder Bob Perry; former Rick Santorum bankroller Foster Friess; and TD Ameritade executive Joe Ricketts.

And in an even more encouraging sign for the Romney super-PAC, USA Today points out that one in 10 donors to Mitt Romney’s campaign have also given to Restore Our Future. Fundraisers says that kind of donor crossover is key to a presidential super-PAC’s success—and that crossover has so far eluded the super-PAC supporting President Obama.

Restore Our Future wasn’t the only GOP super-PAC to notch a record month. American Crossroads, the super-PAC cofounded by Karl Rove, raised $5.7 million in June, including $2 million from Texan Bob Perry. John Childs also chipped in $500,000 to Crossroads last month in addition to the million each he gave to Restore Our Future and the Club for Growth.

Priorities USA Action, the pro-Obama super-PAC, also beat its monthly fundraising record, pulling in $6.2 million. Donors included Qualcomm founder Irwin Jacobs ($2 million), actor Morgan Freeman ($1 million), and Chicago media executive Fred Eychaner ($1 million).

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WE'LL BE BLUNT.

We have a considerable $390,000 gap in our online fundraising budget that we have to close by June 30. There is no wiggle room, we've already cut everything we can, and we urgently need more readers to pitch in—especially from this specific blurb you're reading right now.

We'll also be quite transparent and level-headed with you about this.

In "News Never Pays," our fearless CEO, Monika Bauerlein, connects the dots on several concerning media trends that, taken together, expose the fallacy behind the tragic state of journalism right now: That the marketplace will take care of providing the free and independent press citizens in a democracy need, and the Next New Thing to invest millions in will fix the problem. Bottom line: Journalism that serves the people needs the support of the people. That's the Next New Thing.

And it's what MoJo and our community of readers have been doing for 47 years now.

But staying afloat is harder than ever.

In "This Is Not a Crisis. It's The New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, why this moment is particularly urgent, and how we can best communicate that without screaming OMG PLEASE HELP over and over. We also touch on our history and how our nonprofit model makes Mother Jones different than most of the news out there: Letting us go deep, focus on underreported beats, and bring unique perspectives to the day's news.

You're here for reporting like that, not fundraising, but one cannot exist without the other, and it's vitally important that we hit our intimidating $390,000 number in online donations by June 30.

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