Federal Election Commission reports filed Thursday reveal manic activity in the final days of the 2012 campaign, with a wave of last-minute donations fueling massive spending.
President Obama’s campaign received contributions from 1.3 million donors in the last two weeks of the campaign and spent more than $100 million during that period.
Republican Mitt Romney’s campaign raised $85.9 million during the same period from nearly 600,000 donors. Together, the campaigns spent more than $2 billion, part of a record $6 billion election tab. The totals were fueled this year by “independent” campaign committees that emerged after a 2010 Supreme Court decision permitted unlimited corporate and union spending.
A super PAC backing Romney spent about $45 million in the final two weeks after receiving checks from wealthy donors, including $10 million from Sheldon Adelson, the Las Vegas gambling magnate.
The reports that were available early Thursday evening showed extensive activity by Adelson, who spent an estimated $100 million on campaigns this election cycle. For example, Adelson helped fund a super PAC that formed close to the election and paid for attacks on Sen. Debbie Stabenow (D-Mich.), who easily won reelection.