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Rove’s Crossroads GPS Drops $500,000 Ad For Latest Solyndra Attack

Karl Rove and Ed Gillespie

Karl Rove’s Crossroads GPS has released a new smear ad criticizing President Obama on the administration’s investment in the solar company Solyndra. The $500,000 ad is scheduled to run throughout the week, nationwide.

As President Obama said in his State of the Union address, his administration is committed to the promise of American clean energy, even though some companies may fail to others in the marketplace. 180,000 pages of documents from a Congressional investigation confirmed that the Department of Energy’s investment in the advanced technology of Solyndra was based on the merits.

The group, created by Karl Rove and former Republican National Committee Chairman Ed Gillespie, launched their 35-second TV spot dishonestly painting “the Solyndra loan guarantee as a corrupt deal aimed at benefiting the president’s campaign donors,” the Hill reports:

“He gave his political backers billions – a big government fiasco- infused with politics at every level,” says a female narrator over the obligatory “SE7EN”-style, cut-and-paste imagery typical of super-PAC attack ads. “Laid off worker: forgotten. Typical Washington. Tell President Obama we need jobs not more inside deals.”

This is the second Crossroads GPS attack ad that uses Solyndra as a scapegoat for the clean economy.

Fossil-fueled conservatives are dead set on turning their imagined Solyndra scandal into a coordinated attack on the clean energy industry. The Crossroads GPS campaign is only the latest in a string of attack ads meant to play up the Solyndra bankruptcy as a potential liability for Obama in the coming election year. To date, Americans for Prosperity, the front group for the petrochemical billionaire Koch brothers, has spent over $8 million in battleground states — Michigan, North Carolina, Ohio, Virginia and Wisconsin — on two intentionally misleading ads taking aim at President Obama over Solyndra.

-Fatima Najiy

Justice

Dozens Of Romney Donors Evade Contribution Limits Through Super PAC Donations

Mitt RomneyYesterday, Restore Our Future, the pro-Mitt Romney super PAC, released its year-end campaign finance disclosure forms. A ThinkProgress analysis of the 147 individual donors to the independent expenditure-only committee reveals that more than 85 percent of them also contributed the legal maximum to Romney’s presidential campaign committee. And like Romney, a large portion of those donors were private equity managers or other financial-sector figures.

Of the 127 Restore Our Future donors who had also given $2,500 contributions to Romney’s campaign, two gave the super PAC $1 million contributions (hedge fund investors Julian Robertson and Paul Singer), two gave $50,000 contributions (home builder Bob Perry and venture capitalist Steven Webster), and another five gave $25,000 contributions. In all, about $9 million came from donors who had “maxed out” to Romney.

The majority of the “double donors” were venture capitalists, real estate developers, bankers, and investors — with those contributors accounting for about $6 million.

Restore Our Future has already spent a stunning $17 million on expenditures attacking Romney’s primary opponents — making them the most active super PAC to date — in addition to over $800,000 on activities to support the Romney campaign.

Federal campaign laws, enacted around the time of the Watergate scandal and indexed to inflation a decade ago, limit the amount an individual can contribute to each candidate for president, Senate, or the U.S. House of Representatives. For the 2012 campaign, that limit is $2,500 per election.

But with the Speechnow.org ruling in 2010, those same individuals may now give as much as they want to independent-expenditure-only “super” political action committees, like Restore Our Future PAC, on top of the $2,500. Since the super PACs claim they will not “make contributions, whether direct, in-kind, or via coordinated communications” to federal candidates, donations to them do not count toward federal limits.

NEWS FLASH

George Allen Named To ‘Dirty Dozen’ List | The League of Conservation Voters has reserved the first spot on its yearly “Dirty Dozen” list for Virginia Senate candidate George Allen (R), who has “one of the worst environmental records ever.” Since leaving the Senate, Allen has become an oil lobbyist, helping earn him his spot. This is his third time making the Dirty Dozen.

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