ThinkProgress Logo

Stories tagged with “Foster Friess

Justice

Santorum Backer The Latest Millionaire Donor To Abandon Campaign Finance Disclosure

Foster Friess

Foster Friess

During the Republican primaries, millionaire Foster Friess became a household name for his more than $2 million in donations to the pro-Rick Santorum Red, White & Blue Super PAC. At that time, he told ThinkProgress that he would like to see more flexibility for big donors like himself to give directly to the candidates and full disclosure.

But like casino billionaire and Super PAC funder Sheldon Adelson, Friess has decided he would rather avoid the scrutiny of having his future political spending made public.

CNN reports that Friess “has decided his financial donations in the future will mostly be to [501(c)(4)] groups that do not have to disclose their donors.” He told the network:

I was kind of shocked to see the notoriety, the high profile I got. I didn’t know if I needed that. People looked at me as a villain.

The vast majority of Americans hate the massive influx of “independent” expenditures by Super PACs and secret-money 501(c)(4) groups enabled by the Supreme Court’s 5-4 Citizens United ruling. With the Senate Republican’s successful filibuster of the DISCLOSE Act, donors like Adelson and Friess are free to do what they are doing — simply move their donations to undisclosed groups and spend at will, while the public has no way of knowing who is behind the attack ads they bankroll.

Still, if Adelson and Friess really don’t want to be looked upon as villains, they could spend their money on something else.

Justice

Millionaire GOP Funder Wants To Be Able To Give Unlimited Money Directly To Mitt Romney

WASHINGTON — Foster Friess, the millionaire who funded outside groups supporting Rick Santorum’s presidential bid and is now helping to bankroll Romney’s Super PAC, thinks that he and other super wealthy donors should be able to give unlimited amounts of money directly to the candidate of their choice without any restrictions.

At the Faith & Freedom Conference last week, Friess bemoaned to ThinkProgress the complications in trying to donate: Citizens United, the famed Supreme Court decision, allowed anyone and any corporation to donate unlimited funds to a campaign, but they were forced to go through a third party that could not coordinate directly with the candidate.

Friess would like to change this. He believes that Super PACs are a superfluous step in the process of pouring millions of dollars into campaigns, and that people like himself and corporations overall should be able to write checks straight to the candidate:

FRIESS: I think all these little loopholes, and — you know, during the campaign I had to be so careful that I didn’t say certain things and keep the Super PAC and the campaign separate. So, I was paranoid to make sure that I followed the rules carefully. So, it’d be nice to get rid of that so that each person could give to the candidate of his choice as much money as he wanted and it was fully disclosed. So, I’m wholeheartedly behind Tim Pawlenty in that.

Watch it:

Citizens United shook the very bedrock of campaign finance by allowing unlimited donations to campaigns. Its effects are already clear: Sheldon Adelson, another funder in the vein of Friess, will soon have spent $71 million on supporting Republicans. Friess is not the first to advocate for direct unlimited contributions, either: Mitt Romney himself has pushed for it.

Unlimited contributions are harmful in that they give the very rich and corporations bigger leverage in how elections turn out, despite the fact that corporations cannot vote. Poor and middle class Americans are unable to pour in the kind of huge contributions that a corporation can, and so their needs often go unnoticed. But Friess may be correct in that direct donations would create more transparency — in the past four years, the amount of undisclosed spending has risen by 47 percent.

Justice

Republican Megadonor Foster Friess ‘Reaching Out To’ Rich Friends To Support Romney’s Super PAC

WASHINGTON, DC — Uber-wealthy Republican donor Foster Friess isn’t content just giving his own money to support Mitt Romney; he’s now lobbying his rich friends to open their checkbooks as well.

Friess, an investment manager worth upwards of $500 million, gained notoriety earlier this year as the moneyman funding Rick Santorum’s super PAC. After Santorum dropped out, Friess (along with other wealthy donors like Sheldon Adelson) switched to supporting Romney’s presidential campaign.

ThinkProgress and TPM’s Benjy Sarlin ran into Friess at the Faith & Freedom Conference over the weekend and asked what his plans were going forward. After bemoaning the fact that big Republican donors hadn’t done more to coordinate resources and message before, Friess said he had now “reached out to a number of potential donors” about supporting Romney’s super PAC. He declined to name names, leaving it at the fact that they’re “big donors.”

SARLIN: Now that the general election is underway, do you keep in touch with the other big donors, Sheldon Adelson, Bob Perry, and the people who are now doing the general election? Do you guys have a friendly, encouraging society?

FRIESS: There should be more of that. I find when I’ve done certain projects like I put up a little video and I found four other people putting up the same message. Well we could’ve pooled our resources and done a much better, more professional than our somewhat-amateurish video. I wish that would happen more but it doesn’t and it should.

SARLIN: Have you reached out to any of the other big donors about trying to work together a little more?

FRIESS: I’ve reached out to a number of potential donors who aren’t involved so much before to help Gov. Romney with his Restore Our Future PAC and to try to encourage some of the same things for Gov. Romney as I did for Rick Santorum.

Watch it:

Thanks in large part to extremely wealthy conservatives like Friess, Republican-aligned groups are far outpacing those supporting Democrats. In fact, a single casino mogul, Sheldon Adelson, just gave $10 million to Romney’s super PAC and has said he’s willing to spend a “limitless” amount of money to defeat President Obama in the fall.

Election

After Bankrolling Pro-Santorum Super PAC Ad Blitz, Foster Friess Mounted His Own

Foster Friess

Foster Friess

With his sexist remarks about aspirin as birth control and his $1.6 million in donations to the pro-Santorum Red, White, and Blue Fund, and his shocking joke yesterday about assassinating President Obama, multi-millionaire Foster Friess has been a constant presence in the news over the course of this presidential campaign.

But new Federal Election Commission (FEC) filings out yesterday reveal that in the final weeks before Rick Santorum’s withdrawal from the race, Friess struck out on his own in support of the candidate. Friess personally bankrolled a series of pro-Santorum newspaper and radio ads, printed grip cards, and gatherings without funneling the money through an outside group, with at least $71,614.11 in his own independent expenditures.

Like super PACs and corporations, individuals may legally run unlimited “independent expenditures” in support of their favored candidates, but it is exceedingly rare to see someone open their wallet directly, in this fashion.

In Wisconsin, he ran a minute-long spot about why he believed Rick Santorum was, “the only candidate capable of beating President Obama in November.” Friess told listeners:

When others say one thing in the primary elections and then another in the general election, Rick Santorum stays strong in his positions. Rasmussen polls show Santorum being President Obama by four percentage points in the four core states of Florida, North Carolina, Ohio, and Virginia, while Mitt Romney loses by four points.

Listen to it here.

Yesterday, the Romney campaign reached out to Friess, who in turn pledged to support the apparent GOP nominee.

It will be fascinating to see how much of his money he invests in support of a candidate he has so clearly said is incapable of winning in November.

NEWS FLASH

Conservative Billionaire Foster Friess Makes Obama Assassination Joke | Foster Friess, the billionaire conservative donor who almost single-handedly funded the Super PAC backing Rick Santorum and has now vowed to support Mitt Romney, made a joke about an assassination attempt on President Obama. In an interview on Fox Business, Friess said, “There are a lot of things that haven’t been hammered at because Rick and Mitt have been going at each other. Now that they have trained their barrels on President Obama, I hope his teleprompters are bullet-proof.” In a follow-up interview with ABC, he said he regretted the remark.

Health

Santorum Sugar Daddy Foster Friess Gives ‘Gals’ Contraception Advice: Put An Aspirin Between Your Knees

Appearing of MSNBC with Andrea Mitchell today, Foster Friess, the main donor to the Super PAC backing Rick Santorum’s presidential bid, dismissed the controversy surrounding President Obama’s new birth control rule by suggesting that women should just keep their legs shut. Asked if he worried that Santorum’s Puritanical views on sex and social issues could hurt the candidate in the general election, Friess offered a more home-spun family planning scheme:

FRIESS: On this contraceptive thing, my gosh, it’s so inexpensive. You know, back in my days, they used Bayer Aspirin for contraceptives. The gals put it between their knees and it wasn’t that costly.

Watch it:

Given that Aspirin is not a contraceptive, Friess seems to be suggesting that women keep the pill between their knees in order to ensure they legs stay closed to prevent having sex. Conspicuously, Friess doesn’t put the same burden on men.

Friess’ general attitude seems consistent with the candidate he supports. Santorum personally opposes contraception, has pledged to lecture women on the dangers of birth control if elected president, and thinks states have the right to outlaw it.

Politics

Who Is Foster Friess? Seven Facts You Need To Know

Foster Friess, the multi-millionaire financial investor who—until recently—was practically single-handedly bankrolling Rick Santorum’s presidential campaign, has a long history supporting Republican candidates and conservative causes. And unlike some of his fellow mega-donors like the Koch brothers or Sheldon Adelson, Friess has never tried all that hard to hide his intentions or methods.

On his personal YouTube page, more than a dozen sparsely-viewed videos show Friess discussing his philanthropic endeavors as well as his thoughts on President Obama, health care reform and the cause of the economic crisis. Here’s a look at some of the more interesting things about Friess that you may not know:

1. He has a long history funding Islamophobic organizations. One of Friess’ biggest beneficiaries is a collection of some of the largest Islamophobic organizations in the country, including Frank Gaffney’s Center for Security Policy and David Horowitz’s Terrorism Awareness Project.

2. He filmed an introduction video to Clarion Fund’s Islamophobic “Obsession” Documentary. The controversy and outrage over the film “Obsession” has been well documented, but that didn’t seem to faze Friess, who filmed a five and a half minute promotional video in which he encouraged viewers to purchase the full DVD and use it “as a voting guide when you go into the election booth on election day.”

3. He preached intolerance in a commencement speech at the Graziadio School of Business at Pepperdine University. “Be more intolerant,” urged Friess to a room full of graduating students in 2007. “There’s a group of people—maybe the secular Taliban is a good name for them—who have morphed this idea, that you have to accept my values being every bit as cherished as your values. That’s not tolerance…there are too many things in this world which we sit back and tolerate.”

4. Friess has given A LOT to Republican politicians. Rick Santorum’s not the only beneficiary of Friess’ campaign contributions. Over the years, Friess has contributed millions of dollars to Republican candidates and committees across the country, including Wisconsin Governor Scott Walker, Ohio Governor John Kasich and Texas Governor Rick Perry. Perry’s also not the only former Santorum competitor who cashed big checks from Friess. Newt Gingrich’s presidential campaign has received $5,000 from Lynette and Foster, Mitt Romney received $1,000 for this election (and the campaign maximum $4,600 from both Friess’s in 2007) and even Tim Pawlenty’s presidential exploratory committee deposited a cool $5,000. Talk about hedging your bets.

5. Friess donated to gay rights advocate, former Republican Senator Alfonse D’Amato. And not just a few thousand dollars either. In the mid-1990s, Friess funneled over $260,000 to committees with ties to the former New York senator, who famously bucked his party on LGBT issues and voted against Don’t Ask Don’t Tell in 1993 and for the Employee Non Discrimination Act. Granted, the donations were more likely contributed as a way to protect his own business interests than actual gay rights, but D’Amato is a strange bedfellow for someone supporting a candidate who compared homosexuality to man-on-dog sex.

6. He was a founding donor to conservative news site The Daily Caller. A $3 million initial investment into Tucker Carlson’s news site in early 2010 helped it get off the ground. He’s since made at least one additional contribution of $500,000. Yet as POLITICO notes, The Daily Caller has thus far failed to disclose its connection to Rick Santorum when covering him on the campaign trail.

7. Claimed liberals were to blame for Columbine shooting. In a speech delivered at the Metropolitan Club in New York City in 2002, Friess tried to pin the blame for 1999′s Columbine school shooting on liberals. “How hard have those intolerant of John Adam’s perspective worked to strip from young people any hope of knowing the concepts and truths that help deal with life…They have gone to great lengths to strip all of this away and we have sat back in the name of tolerance while our youth were robbed of these truths and proven tools. I think we should be encouraged to learn from Columbine and let it be a battle cry for all of us so that we may change our society through productive intolerance.”

Switch to Mobile
ThinkProgress Signup Overlay Skip and Continue to ThinkProgress Skip and Continue to ThinkProgress

Sign Up