Don Bauder 1:30 p.m., July 25
Rick Perry's La Jolla Super PAC Reinvents Itself
Presidential candidates come and go, but, like corporations, political action committees have a life of their own.
Take, for example, Americans for Rick Perry, the La Jolla-based independent super PAC that was making waves back in August when we reported that Dallas billionaire Harold Simmons, billed as "Dallas' most evil genius" by D Magazine, had kicked in $100,000.
Perry subsequently washed out of the GOP presidential derby, but the PAC lives on as the "Restoring Prosperity Fund," according to a January 27 filing with the Federal Elections Commission.
The committee now "supports/opposes more than one Federal candidate," attests its campaign manager Robert Schuman, a longtime San Diego political consultant, the statement says.
Under its former guise of Rick Perry super PAC, the group raised $240,256 during the final quarter of last year for a 2011 total of $433,256, the filing says.
After spending $408,699, the fund had year-end cash on hand of $24,556.
Big donors included Charles Amato, Chairman of San Antonio's Southwest Business Corp ($10,000); Anderson Columbia Company of Lake City, Florida ($25,000); Nathan Crain of Crain Information Systems, Dallas ($25,000); Thomas McKernan Jr., president of the AAA Auto Club of Southern California ($10,000); George Mihlsten, an attorney with Latham and Watkins, Manhattan Beach ($25,000); and Kenny A. Troutt of Kenny Troutt Investment, Dallas ($50,000).
On the expenditure side of the ledger, the Schuman Group was paid a total of $90,000 during the last six months of the year. Other money was used to pay for operatives, hotels and other expenses during the ramp up to the Iowa Caucus early last month, where Perry placed fifth, with just 10.3 percent of the ballots.
More like this:
- Rick Perry's La Jolla super PAC down to its last $946 — Feb. 7, 2013
- La Jolla Flash — Sept. 12, 2012
- Manchester Gives Another $25,000 to Romney Super PAC — Feb. 21, 2012
- Sempra and Spanos Family Gave Big Bucks to Rick Perry — Aug. 11, 2011
- "Dallas' Most Evil Genius" Funds La Jolla Super PAC — Aug. 2, 2011