Wednesday, May 23, 2012

Grandfather’s Millions Make Paul Fan a Political Player - Bloomberg

Grandfather’s Millions Make Paul Fan a Political Player - Bloomberg - Greg Giroux:

May 23, 2012 - "John Ramsey became old enough to buy a Carlsberg nine months ago. The 21-year-old college student from east Texas isn’t old enough to serve in Congress. His intellectual role model, U.S. Texas Representative Ron Paul, has been in Congress 22 years -- longer than Ramsey has been alive.

"Yet, Ramsey is leaving a mark on U.S. politics that may outlast his political mentor and presidential candidate, Paul. The college senior spent $1.3 million of his own money to create a super-political action committee, Liberty for All Super PAC, that backs candidates who endorse what Ramsey calls “freedom philosophy.” The dogma includes policies championed by Paul, such as supporting free-market economics, protecting civil liberties, slashing government spending and opposing most U.S. military action.

"Ramsey’s super-PAC passed its first test on May 22. It spent more than $561,000 on television and radio ads to help Tom Massie, a Kentucky engineer, defeat two experienced politicians in a House Republican primary election. Ramsey’s super-PAC spent more than any of the candidates."

Read more: http://www.bloomberg.com/news/2012-05-24/grandfather-s-millions-make-paul-fan-a-political-player.html
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