Paul Supporters Found Super PAC
Supporters of Texas Rep. Ron Paul’s bid for president formed a new super PAC to go after big campaign dollars, reports USA Today
Revolution PAC is the latest organization formed to capitalize on a Supreme Court ruling that paved the way for unlimited donations from corporations, unions, and wealthy individuals in political campaigns. But by law, super PACs have to act independently of campaigns and cannot coordinate events with a candidate.
"We've got great ideas for television and radio ads — and other things, too — that will highlight the congressman's unmatched record and differentiate him from the other candidates," said Thomas Woods, a senior fellow at the Ludwig von Mises Institute, a think tank focused on libertarian political and social theory. Woods serves on Revolution PAC's advisory board.
Paul's campaign this year is already out with a distinctive TV ad. The ad, fashioned like a movie trailer, warns of the dangers of cutting deals and raising the debt ceiling.
Paul was setting fundraising records before the dawn of super PACs with this 2008 campaign. Now in his third bid for the presidency, Paul has cultivated a knack for raising campaign money through “money bombs”— concentrated burst of fundraising activity.
Current front-runner Mitt Romney also has supporters catching the super PAC wave. The PAC, called Restore our Future, reported raising $12 million earlier this month.