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Sheldon Adelson Loses Bet with America

Today on Tablet, a look at Adelson’s night

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President Barack Obama waves to supporters after his victory speech on election night November 6, 2012, in Chicago.(Getty)

If Nate Silver is the biggest winner of the 2012 American election cycle, then Sheldon Adelson is its biggest loser. Some $70 million of Adelson’s cash, mere drops in an ocean, went into the pot for candidates that didn’t win out in their elections. Allison Hoffman, who has the highest-approval rating of anyone in Washington, D.C., explains.

But let’s talk about the night’s biggest loser: not Mitt Romney, but Sheldon Adelson, the Las Vegas casino mogul who gambled at least $70 million on Romney’s candidacy. Adelson’s acumen as an entrepreneur has allowed him to rebuild his fortune several times over, but his track record as a political investor is notably weak. His first horse in the 2012 race was former House Speaker Newt Gingrich, whose campaign imploded repeatedly before he withdrew for good last May. As a board member of the Republican Jewish Coalition, Adelson doubled down and gave millions to partisan Jewish groups to pay for television ads, robocalls, and print mailers to peel away Jewish support for Obama, apparently with only a negligible yield.

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Faival44 says:

“But let’s talk about the night’s biggest loser: not Mitt Romney, but Sheldon Adelson”
Hardly. The biggest loser will be the American people. Our free market system, Constitutional Federalist system of government, and ability to support freedom loving people around the world, and not only Israel, will change in ways we can’t imagine. Through debt, Obama is kicking the legs out from under American greatness one at a time, all in the name of goodness. In twenty years people will ask how this could happen.

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Sheldon Adelson Loses Bet with America

Today on Tablet, a look at Adelson’s night

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