The Economic Crisis: Will Money Trump Ideology?

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Sheldon Adelson, one of the top fundraisers for the Republican party was rated "the biggest loser" by Forbes magazine. He went from being the 3rd richest man in America to no longer being mentioned. In the past year he has lost 1.5 million per hour. He is a prominanat neocon benefactor, being the major donor to Freedom Watch and Birthright Israel. Due to his recent demise in his personal income, he has reduced funding projections for both groups.

Less than a half-year ago, casino magnate Sheldon Adelson, the deep pockets of groups like Birthright Israel and the neoconservative-led Freedom’s Watch, was seen as one of the most formidable funders of the hawkish Right. But the global financial crisis, legal entanglements, apparent political disagreements, and tension between Adelson’s business model and some of his erstwhile political allies have all combined to blunt the magnate’s political impact.

casino mogul Sheldon Adelson, whose fortune has fallen $13 billion in the past 12 months—$1.5 million per hour—as shares of his Las Vegas Sands have dropped 75% from their all-time highs last October.”1

Adelson isn’t the only donor who is faced with tough choices as the current economic crisis worsens. Another key donor of Freedom’s Watch, investor Paul Singer, whose company “had minor exposure to the collapse of Lehman Brothers,” according to the Washington Post, has begun pulling back. “One Freedom's Watch adviser familiar with appeals to Singer said efforts to enlist his eleventh-hour support have gone unanswered. ‘Understandably,’ said the adviser, who spoke on the condition of anonymity because discussions with donors are confidential. ‘The guy's got a business to worry about.’”14

Right Web | The Economic Crisis: Will Money Trump Ideology?

 

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Ah, so this is the silver lining in the economic storm front looming over America?

Putting an end to the wealth of the puppet masters who have been pulling the NeoConservative movement's strings might be worth a suffering a world-wide depression.

Evil, American-way-of-life-hating bastards.