Yes, while you haven’t been watching SarahPAC has continued to pull in cash. That’s Palin’s leadership political action committee, a type of fundraising organization that allows politicians to collect funds for donation to other candidates or political committees, and to lay the groundwork for future candidacies of their own.
SarahPAC’s latest filing with the Federal Election Commission shows that it had $1,196,956.73 cash on hand at the end of 2012. Furthermore, its debts are zero. So that’s a stash of money free and clear that Palin can bestow on her favored candidates. A million bucks can buy you many friends in politics, particularly when you’ve already got a core of committed supporters.
Look at SarahPAC’s website to see what we mean. Right there fronted out is a big thank-you note from new Sen. Ted Cruz of Texas. The Cruz campaign got the legal maximum of $10,000 from SarahPAC, and we would not be surprised if the group had promoted Senator Cruz to its own donors, bringing the underdog Texan lots more dough.
“The Governor’s vision and the support of patriots like you helped transform my long-shot candidacy into victory on election night,” writes Cruz.
He adds that he’s not the only senator to benefit from SarahPAC support, and cites as evidence Florida’s Marco Rubio, Kentucky’s Rand Paul, Nebraska’s Deb Fischer, and Arizona’s Jeff Flake, among others.