This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Super PACs Spend $3.6M in Two Days

NEW YORK ( TheStreet) -- Super PACs already have disbursed millions for Super Tuesday spending sprees since the Michigan primary.

Restore Our Future, which supports Mitt Romney, on Wednesday spent about $1.2 million, while Winning Our Future, which backs Newt Gingrich, spent $2.2 million. Red, White and Blue Fund for Rick Santorum dropped $257,061 on Thursday.

The four main super PACs supporting the Republican presidential hopefuls spent a total of $3,623,151 across two days.

The figures, compiled by opensecrets.org, show that Winning Our Future's Wednesday expenditures were all in support of Gingrich, while Restore Our Future spent almost entirely against Santorum.

Attacks against Romney's opponents have been a primary expenditure by Restore Our Future since the candidate lost South Carolina to Gingrich.

Santorum's campaign has consistently slammed Romney about his negative campaigning, which was the former Massachusetts governor's strategy in Florida against Gingrich and in Michigan against Santorum. Romney won the popular vote in both of those state primaries.

Romney isn't allowed to communicate or collude with Restore Our Future, but many of the negative dollars spent to help his campaign have also come off previous Romney losses (in Florida after a South Carolina loss to Gingrich and in Michigan after Colorado, Minnesota and Missouri losses).

In this case, fresh off Tuesday victories in Michigan and Arizona, the super PAC has likely poured a lot of that negative money into Ohio as Santorum leads Romney in the major state polls. Ohio could prove the most pivotal race on Super Tuesday as it has 66 delegates at stake and as the state may play a crucial swing contest in the general election.

Since Tuesday's primaries, super PAC Endorse Liberty, which backs Ron Paul, has spent $53. It was one payment through PayPal for fees.

-- Written by Joe Deaux in New York.

>Contact by Email.

>Follow Joe Deaux on Twitter. Subscribe on Facebook.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $121.30 0.00%
FB $94.01 0.00%
GOOG $625.61 0.00%
TSLA $266.15 0.00%
YHOO $36.67 0.00%

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs