Casino mogul Sheldon Adelson has already demonstrated that he is ‘all in’ when it comes to helping to defeat Barack Obama in the November election. Adelson has given tens of millions of dollars to several conservative political action committees this election season and has said he will spend as much as $100 million.
Now he is backing a group that is designed to win over Jewish voters in battleground states like Florida, Pennsylvania and Ohio. The group, known as the Republican Jewish Coalition, plans a multimillion-dollar advertising campaign in the coming weeks called “My Buyer’s Remorse.”
The ads uses testimonials from people who say they regret supporting Obama in 2008 because of his economic policies and his posture toward Israel. Most Jewish voters tend to vote for Democrats, but the campaign hopes to sway enough voters to help tilt swing states in favor of Mitt Romney.
If anyone should have buyers remorse it should be the voters and lawmakers that have supported the expansion of casino gambling. Rather than generate wealth and economic spin-off, casinos are a regressive tax that strip wealth from gamblers and leave communities poorer. Adelson, whose business methods are under investigation, is laughing all the way to the bank as he uses some of the gambling profits – much of it from China - from his Sands casino empire to try to buy the presidential election.
