Sunday, January 29, 2012

Video: Why did mogul back Gingrich with $10 million?



>> back now to the race for the white house . while newt gingrich 's momentum in florida may have stalled he's leading the gop race nationally according to the latest nbc news/ wall street journal poll. nbc's national investigative correspondent michael isikoff says there is a man with deep pockets who helped him.

>> reporter: good morning. newt gingrich may owe much of his political resurrection to a friend. a las vegas casino mogul whose big money is causing big controversy. multi billionaire sheldon adelson and his wife are the money behind newt gingrich giving $10 million to the super pac , bank rolling attack ads against mitt romney .

>> how can we trust him?

>> reporter: it's the biggest cash infusion yet in the race and it revived gingrich 's candidacy when he needed it most.

>> the money before south carolina enabled us to answer attack ads run against speaker gingrich .

>> reporter: adelson made his fortune from a gambling empire stretching from the vegas strip to asia. he's anti-union, a supporter of of israel and wants president obama out of the white house . he was infuriated when obama criticized tourists who blow cash in vegas.

>> he's the president of the united states . he shouldn't be belittling any city or part of the country.

>> reporter: adelson 's political consultant said his boss puts his money where his mouth is.

>> i don't think it's buying a presidency more than when joe kennedy helped his son.

>> reporter: adelson blew up the home base for the rat pack . 1500 casino workers lost their jobs.

>> he claimed he owned the sidewalks and could pick and choose who walked on them.

>> reporter: it was his support for israel that helped forge his bond with gingrich .

>> we have palestinian people .

>> reporter: adelson 's newspaper said the refusal to confront evil could cause a second holocaust.

>> i'm not israeli. the uniform i wore in the military unfortunately wasn't israeli. it was an american uniform.

>> reporter: friends say it's defending israel more than anything that explains his giant donations to gingrich .

>> all we care about is being good sisz of israel .

>> reporter: gingrich said the only thing he's promised adelson is to defend the country and its allies.

>> sheldon is concerned about israel and believes the iranians represent a tall threat to israel and the united states .

>> reporter: thanks to the fresh cash, gingrich 's super pac now has a $6 million ad buy for attack ads in florida. but a word of warning about all the super pac spending on both sides came from romney supporter john mccain . he told reporters there will be a major scandal resulting from the unprecedented cash pouring into the election. carl?

>> there is a lot of it. michaels i cou s isikoff, thank you very much.

Source: http://video.today.msnbc.msn.com/today/46161313/

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