NEWSMAX: Two months after President Barack Obama reluctantly embraced fundraising for big-money “Super PACs,” many major Democratic donors still have not given to such political groups because they are dismayed by how PACs are being used in the presidential campaign.
Billionaire investor George Soros and insurance executive Peter Lewis – who together have donated more than $50 million to Democratic political groups since 2004 – are among scores of donors close to the Obama campaign who remain on the sidelines as PACs that can receive unlimited donations seek to load up before the November election.
Their reluctance helps explain why Priorities USA Action, the Super PAC that supports Obama, has struggled to keep fundraising pace with rival Republican groups that have already spent tens of millions on the presidential race… (more)
