Super PACs go on Super Tuesday spending spree
Four political action committees spend nearly six million during five days to woo voters in the 10 states holding primaries and caucuses.
Super PACs supporting the Republican candidates have been burning through mounds of cash ahead of Super Tuesday in hopes of reaching voters in the 10 states holding primaries and caucuses.
The four super PACs that support the remaining contenders -- Restore Our Future; Winning Our Future; Red, White & Blue Fund; and Endorse Liberty -- spent $5.9 million between Feb. 29 and March 4, according to opensecrets.org.
During those five days, Newt Gingrich-backer Winning Our Future has spent the most at $2.8 million, while Restore Our Future spent $2.7 million to bolster Mitt Romney. The super PAC supporting Rick Santorum, Red, White & Blue Fund, has disbursed $330,561.
The super PAC behind Ron Paul has shelled out the least during the past five days. Endorse Liberty has spent $2,337 for online advertising through Facebook, Google (GOOG) and StumbleUpon and for fees to PayPal and Wells Fargo (WFC).
- Bloomberg index makes it easier to hate billionaires
- Can you resist America's 'ring of power?'
- Buddy Roemer: Super Tuesday lacks excitement
The GOP candidates and independent groups that support them have spent some $10 million on television and radio ads in seven Super Tuesday states, according to The Associated Press, which has brought total ad spending to more than $75 million, according to information provided to the AP by several media buyers.
All of Restore Our Future's opposition expenditures have been against Santorum, which means that Gingrich has been left untouched as he attempts to win his home state of Georgia -- the largest delegate count for Tuesday.
Restore Our Future is attacking Santorum through almost every conceivable avenue of communications, including television, radio, direct mail and phone.
Winning Our Future has spent heavily on email advertising and national radio advertising, along with the expected massive media buys on television, but none of that money has been spent on attacks against any of Gingrich's opponents. It's all been in support of the former House speaker.
Red, White & Blue Fund for Santorum made a massive television ad buy of $257,061 to support the former Pennsylvania senator, but also to oppose Romney and Gingrich. The rest of the money has been for phone contacts.
It appears that the huge amounts spent by the super PACs behind Romney and Gingrich have boosted the candidates' numbers in crucial states. Romney has grabbed a slight lead against Santorum in Ohio by two-tenths of a percentage point, while Gingrich has increased his lead in Georgia to 18.5 percentage points, according to poll averages by RealClearPolitics.com.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
VIDEO ON MSN MONEY
[BRIEFING.COM] The stock market ended the Tuesday session on a lower note after generally upbeat earnings took the back seat to geopolitical concerns. The S&P 500 (-0.5%) and Nasdaq Composite (-0.1%) ended on their lows, while the Russell 2000 (+0.3%) displayed relative strength.
Once again, market participants were focused on quarterly reports in the early going, but geopolitical worries overshadowed the impact of mostly better than expected earnings. Specifically, equities ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'