Federal Politics

Published — August 8, 2012 Updated — May 19, 2014 at 12:19 pm ET

Daily Disclosure: Americans for Prosperity launches first ad of $25 million campaign

Introduction

On Tuesday, the conservative nonprofit Americans for Prosperity released its first ad in a $25 million campaign aimed at defeating President Barack Obama. The spot, called “President Obama: A One-Term Proposition,” will air in nine swing states: Iowa, North Carolina, Colorado, Virginia, Pennsylvania, Ohio, Wisconsin, New Mexico and Florida.

“President Obama pledged to cut the deficit in half,” the new ad states. “But we’ve gone $5 trillion deeper in debt under his watch. It’s time to hold Obama accountable for his promises.”

It closes with a clip of Obama saying, “If I don’t have this done in three years, then there’s going to be a one-term proposition.”

However, Obama’s “one-term proposition” comment actually came in response to specific questions about the Troubled Asset Relief Program (TARP), which was signed into law by President George W. Bush. The program provided struggling banks with money and is widely crediting with stabilizing the financial sector, according to ABC News. Obama did not address the deficit at the time of his TARP comments.

In a 2009 interview, NBC’s Matt Lauer asked Obama, “At some point will you say, ‘Wait a minute, we’ve spent this amount of money. We’re not seeing the results. We’ve got to change course dramatically’?”

The president replied, “Look, I’m at the start of my administration. One nice thing about the situation I find myself in is that I will be held accountable. You know, I’ve got four years. And, you know, a year from now I think people are going to see that we’re starting to make some progress. But there’s still going to be some pain out there. If I don’t have this done in three years, then there’s going to be a one-term proposition.”

Americans for Prosperity is organized as a 501(c)(4) nonprofit with the Internal Revenue Service, meaning that it’s primary purpose is not electoral politics but rather the promotion of “social welfare.” It is not required to publicly reveal its donors, but IRS records show its total revenue was $22 million in 2010, up from $7 million in 2008.

Americans for Prosperity believes in “cutting taxes and government spending in order to halt the encroachment of government in the economic lives of citizens” and “removing unnecessary barriers to entrepreneurship and opportunity by sparking citizen involvement in the regulatory process,” according to its website.

The group, which bills itself as a grassroots organization and has 34 state chapters across the country, is funded by conservative industrialist billionaires Charles and David Koch. The group is a spin-off of Citizens for a Sound Economy, which the Koch brothers founded in 1984.

The Koch brothers reportedly plan to steer more than $200 million into conservative group such as Americans for Prosperity ahead of the 2012 elections.

In other outside spending news:

  • Women VOTE!, the super PAC affiliated with EMILY’s List, released an ad Tuesday supporting Democrat Elizabeth Esty of Connecticut, who is running for a seat in the U.S. House of Representatives. The ad is part of a $370,000 expenditure that also takes aim at Wisconsin Republican Senate candidates Tommy Thompson and Eric Hovde and supports Democrat Tarryl Clark, who is running for the U.S. House in Minnesota.
  • Super PAC New Directions for America spent $140,000 on a media buy supporting public relations executive Dan Roberti, a Democrat who is running for Congress in Connecticut.
  • The Minnesota Democratic-Farmer-Labor Party, as the Democratic Party there is called, has made two buys supporting Democrat Rick Nolan, a businessman and former U.S. Representative who is running for Congress again. The buys total more than $135,000.
  • The League of Conservation Voters began a $120,000 campaign Tuesday targeting Sen. Dean Heller, R-Nev. The ad attacks Heller’s voting history and the contributions he’s received from the oil industry.
  • Senate Conservatives Action, the super PAC spin-off of the leadership PAC of Sen. Jim DeMint, R-S.C., reported spending $115,000 Tuesday on ads that will support Republican Mark Neumann in his bid for U.S. Senate in Wisconsin.
  • The politically active nonprofit Americans for Job Security spent nearly $650,000 on “Says and Does,” an attack ad aimed at businessman Eric Hovde, who is also running in the Republican Senate primary in Wisconsin. Among other barbs, the ad claims Hovde “was against bank bailouts but invested in banks that got billions.” Hovde heads an asset management firm and a private equity firm.

Read more in Federal Politics

Share this article

Join the conversation

Show Comments

11
Leave a Reply

avatar
9 Comment threads
2 Thread replies
1 Followers
 
Most reacted comment
Hottest comment thread
8 Comment authors
SOUTH JERSEYTed SiroisMark SullivanTom LarkinAnonymous Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
Mark Sullivan
Guest
Mark Sullivan

Trump needs to conduct these activities because the entire MSM media, excluding Fox, is campaigning against him 24/7/365.

Didn’t Monica’s boyfriend’s wife and various criminal enterprises outspend Trump by almost 2-1?

CapitalistRoader
Guest
CapitalistRoader

Why wouldn’t he get an early start on fund raising? Hillary outspent him two-to-one in 2016. The Dem’s are the party of big money. The President knows this and is attempting to get a jump on it. Of course the Dem candidate will outspend him in 2020 so it’s only rational that he starts fund raising now.

George Young
Guest
George Young

Oh brother. We just 8 years of the Campaigner – in – Chief. Where was this journalistic rectal thermometer then. Just another article about 2000 words too long that merely takes another slap at Trump for something he far from initiated.

j stevenson
Guest
j stevenson

The big difference between Trump and all the rest is his refusing to accept funds from lobbyists, so they don’t have the White House access they are used to. These are the donors who buy the presidency and are as pixxed off that he won the election as are the media and the Dems. Lobbyists have never been shut out of the WH and Trump has told them he is not for sale.

Anonymous
Guest
Anonymous

Trump needs to be impeached and tossed in prison. Then have the key thrown away so he will never be free. Then he can see how it feels not to have freedom.

Mark Sullivan
Guest
Mark Sullivan

Thank you for the usual insightful leftist low IQ Snowflake response.

barney
Guest

hes not imprisoning them hes sending them back to their country chill tf out

SOUTH JERSEY
Guest
SOUTH JERSEY

WHY DONT YOU HAVE FREEDOM?

Tom Larkin
Guest
Tom Larkin

First, something positive. I was happy to learn of empirical information in article. BUT, the article was so slanted against President Trump as to be deemed fake news (“Perhaps Trump just lied.” (Two different issues)). The article mentions that President Trump raised over $67 million, but ended 2018 with $19 million. President Trump spent over $40 million 2016 and 2017. President Trump conducted 57 political rallies. The article notes the hats and T-shirts sold, but NEVER MENTIONS THE INCREASE IN THE NUMBER OF REPUBLICAN SENATORS during a mid-term election that lost the House and the number of political rallies in… Read more »

Ted Sirois
Guest
Ted Sirois

At least Trump is getting donations from willing donors. Fresh from his first election, Obama used billions of our children’s tax dollars to save thousands of union jobs in the car industry and bailed out the banks and many Wall Street businesses. This secured his source of reelection funds for his reelection four years later.

South Jersey
Guest
South Jersey

TRUMP 2020; IS AN AMAZINGLY SMART MAN! VERY ORIGINAL & CREATIVE. I AM HAPPY TO HAVE HIS AS POTUS.

SOUTH JERSEY
Guest
SOUTH JERSEY

THIS ARTICLE WAS OBVIOUSLY WRITTEN BY, A TRUMP-HATE-GROUP. THAT FEELS; IT IS NOT NORMAL TO BE SUCCESSFUL WITH YOUR OWN BRAND NAME. WHEN, IF FACT, IT IS NORMAL! >>>>> THIS IS >>> FAKE NEWS!!! <<<< ie: A PACK-OF-LIES; SPUN INTO; DEFAMATION OF CHARACTER. FOR A SINISTER-AGENDA OF; FASCIST DEMOCRATIC SOCIALIST, COUP D'ETAT

David
Guest
David

Are you on some kind of drugs? Writing in caps makes me think that you are grumpy old fart or a uneducated hillbilly.