Actor Morgan Freeman gives $1 million to pro-Obama Super PAC
WASHINGTON (Reuters) - Actor Morgan Freeman is the latest Hollywood figure to join the ranks of $1 million donors to Democratic President Barack Obama's re-election effort with his donation in June to the "Super PAC" helping Obama.
The Oscar-winning actor's big donation to Priorities USA Action, the "super" political action committee backing the president, was announced on Thursday and will be reported in the group's federal disclosures on Friday.
Priorities USA has raised $20.4 million this election cycle but lags far behind Restore Our Future, the Super PAC supporting Republican presidential candidate Mitt Romney. Restore Our Future has so far reported raising $81.5 million.
Super PACs are allowed to raise and spend unlimited funds. Operating outside of official efforts of campaigns and national parties, they have taken over much of the dirty work of negative advertising.
With four months to go before the November 6 general election, each side is on track to spend more than $1 billion on campaigning and ads.
Last month both Super PACs had their best month of fundraising yet. Priorities raised $6.1 million and Restore pulled in $20 million.
Overall, Obama's official campaign has raised more money than what Romney has raked in for his campaign.
But the Republican has made inroads with Wall Street and the business community, which have grown disenchanted with Obama's policies. Hollywood and the entertainment industry remain among the biggest groups supporting Obama.
"President Obama has done a remarkable job in historically difficult circumstances," Freeman, 75, said in a statement. "In return, he is the target of hundreds of millions of dollars from right-wing sources. I am proud to lend my voice - and support - to those who defend him." Continued...