Meet Foster Friess, Rick Santorum's Billionaire Sugar Daddy
Bill Berkowitz printable version print page     Bookmark and Share
Mon Jan 23, 2012 at 12:40:44 PM EST
Of the three billionaires - Sheldon Adelson, Jon Huntsman, Sr. and Foster Friess -- that Politico's Ken Vogel wrote about recently in a piece titled "3 billionaires who'll drag out the race," we probably know the least about Rick Santorum's pal, Foster Friess, who by all accounts has nothing to do with the ice-cream franchise, but had a lot to do with keeping the former Pennsylvania Senator's campaign afloat as the Republican Party's presidential sweepstakes played out in South Carolina.

Foster Friess is "a major financial backer of a super PAC supporting Rick Santorum called the Red, White and Blue Fund," Politico reported. "'I guess if Newt's got $5 million, it makes sense that ... [Santorum] should have a little bit,' said Friess, who has known Santorum since the 1990s and shares his conservative views on social and foreign policy issues."

Adelson, Huntsman, Sr. & Friess

Sheldon Adelson, a major backer of Gingrich, has been frequently dubbed the "Casino King," owing to the fortune he's made in the gambling business. A billionaire many times over, Adelson has been backing Gingrich's various enterprises for quite some time; some reports have his earlier donations at $7.7 million. Add to that, the $5 million he recently gave to Gingrich, which  contributed to Gingrich's victory in South Carolina.

Jon Huntsman, Sr., "who made his fortune at the helm of" the Huntsman Corp., a chemical and manufacturing company, "reportedly invested millions in a super PAC supporting the presidential bid of his son, former Utah Gov. Jon Huntsman, Jr." (who has since dropped out of the race), Vogel reported.

Then, there's Foster Friess.

Santorum's cash cow

According to Politico, Friess "became among the first major donors to the Red, White and Blue Fund because, he said, `I believe that Rick Santorum is the most electable candidate. And I'm just thrilled to be able to have played a role so far.'"

The self-styled cowboy spoke on behalf of Santorum in Iowa, and he nabbed a spot on the stage with the former Pennsylvania Senator during his speech after his second place finish in that state. (Last week Santorum was declared the winner in Iowa.)

Friess is the founder of Friess Associates, a Wyoming investment firm that has managed several billion of equities for such clients as the Nobel Foundation of Stockholm, Vanderbilt University, and the Brandywine and Brandywine Blue mutual funds.

Unlike Adelson, who prefers to "stay under the radar," Friess is a front and center kind of guy who has donated oodles of money to a string of conservative causes and candidates.

He has a blog called "Foster Friess," whose tagline reads: "Encouraging Private Sector Solutions." In a 1998 interview, Friess said: "One of the reasons that the government went into the business of trying to help the poor was that the private sector had turned its back on these problems and created a vacuum. Now the government is failing, and there is another vacuum. It is a great opportunity for the private sector to come back in and demonstrate what it can do."

Friess added: "We will never move government programs into the private sector if the private sector does not step up to fill the need first." Friess believes firmly in the idea of running his business based on his interpretation of Biblical principles, one of which is to discourage sin.

"Any businessman interested in building a healthy economy should see not only the moral but the economic value of discouraging sin and encouraging virtue," Friess said. "As Michael Novak has said, `Self-government depends on the capacity of citizens to govern their own passions, urges, habits, and expectations.' We should work to rebuild a virtuous economy. Ephesians 4:28 reads, `Let him who stole, steal no more-but take up honest work.' Through our sin, we steal from our economy. God wants us, instead, to be productive-to replace the costs of sin with the rewards of virtue."

Friess' "Key Issues" include "Education," "promoting school choice, charter schools, and innovative private sector solutions"; "Climate Change," "exposing citizens to the best science available, considering the consequences of regulation, and encouraging private sector solutions"; "Government," "promoting ... limited government and exposing the burdens of excessive regulation..."; "Health Care," "a government that controls your health, essentially controls you"; "Immigration," "border security [is] the top priority"; "Helping Peaceful Muslims"; and, "Enduring Values."

"A longtime donor to social conservative causes dear to Santorum, Friess and his wife Lynn, both 71, built a $15.7 billion investment management firm," Politico reported. According to Politico, the Red, White and Blue Fund "intends to ... [buy] $600,000 more in ad time in South Carolina, bringing its total buy to about $800,000 in the state, which is considered fertile ground for Santorum's socially conservative message."

At his blog Truth-2-Power, Brian Ross recently wrote that Santorum's rise in Iowa would not have been likely without support from Friess. Although "Friess manages to avoid the radar of giving... [h]e was acknowledged at the privately held Koch seminar in June 2011 in Vail, Colorado for donating at least $1 million to Koch-related causes." And while "OpenSecrets.org doesn't even list him at this time, and the FEC registers only a paltry $1000 gift to Gary Bauer's campaign in 1999 ... he has given hundreds of thousands of dollars to Santorum, both now and in his unsuccessful re-election bid in Pennsylvania in 2006, and the Republican Governor's Association."

Friess is also a member of the Council for National Policy, a secretive organization of right wing policy makers, fundraisers and activists that meet yearly to shape the conservative agenda.

In September 2010, Matthew Reichbach, reporting for the New Mexico Independent, pointed out that has Friess has "promoted the controversial documentary Obsession: Radical Islam's War Against the West. DVDs of the movie, criticized as inflammatory, were mailed out to swing state voters and inserted in newspapers in advance of the 2008 election." Friess recorded a You Tube video, which called attention to the "powerful" Obsession video.

According to Ross, "Freiss has also reportedly spent more than $3M to fund Tucker Carlson's conservative website, The Daily Caller. ... [and] he gives to conservative think tanks like the American Enterprise Institute, and to education groups that advocate for school voucher programs, including the Alliance for School Choice."

In 2010, Friess told the Washington Post by email that, "Tucker and Neil [Patel, Carlson's partner] present a huge opportunity to re-introduce civility to our political discourse. They are mature, sensible men who are very thoughtful and experienced with pleasant senses of humor and do not take themselves too seriously. They want to make a contribution to the dialogue that occurs in our country that has become too antagonistic, nasty and hostile. . . .

"You don't have to be around them very long to sense that they are hard working, committed American Patriots who love this country." 
Prior to its launch, Carlson told the ultra-conservative Human Events that the site would be "opposed to what's going on" under President Obama -- "a radical increase in federal power . . . a version of socialism."

Whether Friess will continue pumping money into Santorum's flagging campaign remains to be seen. However, if Gingrich continues to do well in the primaries, and Santorum continues to fade, do not be surprised if Friess' shows up as a Gingrich donor.




Display:
Do we know where Foster gets his money, and if so can that flow of money be stopped?

by Hirador on Mon Jan 23, 2012 at 02:23:26 PM EST
 ..I missed it on my first read-through. still though, could it be boycotted?

by Hirador on Mon Jan 23, 2012 at 02:24:23 PM EST
Parent


Sheldon Adelson looks to be getting a better return on his own investment in Newt than Friess is getting from Little Ricky. That being said, I agree that Friess might well end up giving to Newt.

by khughes1963 on Mon Jan 23, 2012 at 08:32:14 PM EST


WWW Talk To Action


Cognitive Dissonance & Dominionism Denial
There is new research on why people are averse to hearing or learning about the views of ideological opponents. Based on evaluation of five......
By Frederick Clarkson (375 comments)
Will the Air Force Do Anything To Rein In Its Dynamic Duo of Gay-Bashing, Misogynistic Bloggers?
"I always get nervous when I see female pastors/chaplains. Here is why everyone should as well: "First, women are not called to be pastors,......
By Chris Rodda (203 comments)
The Legacy of Big Oil
The media is ablaze with the upcoming publication of David Grann's book, Killers of the Flower Moon. The shocking non fiction account of the......
By wilkyjr (111 comments)
Gimme That Old Time Dominionism Denial
Over the years, I have written a great deal here and in other venues about the explicitly theocratic movement called dominionism -- which has......
By Frederick Clarkson (101 comments)
History Advisor to Members of Congress Completely Twists Jefferson's Words to Support Muslim Ban
Pseudo-historian David Barton, best known for his misquoting of our country's founders to promote the notion that America was founded as a Christian nation,......
By Chris Rodda (113 comments)
"Christian Fighter Pilot" Calls First Lesbian Air Force Academy Commandant a Liar
In a new post on his "Christian Fighter Pilot" blog titled "BGen Kristin Goodwin and the USAFA Honor Code," Air Force Lieutenant Colonel Jonathan......
By Chris Rodda (144 comments)
Catholic Right Leader Unapologetic about Call for 'Death to Liberal Professors' -- UPDATED
Today, Donald Trump appointed C-FAM Executive Vice President Lisa Correnti to the US Delegation To UN Commission On Status Of Women. (C-FAM is a......
By Frederick Clarkson (126 comments)
Controlling Information
     Yesterday I listened to Russ Limbaugh.  Rush advised listeners it would be best that they not listen to CNN,MSNBC, ABC, CBS and......
By wilkyjr (118 comments)
Is Bannon Fifth-Columning the Pope?
In December 2016 I wrote about how White House chief strategist Steve Bannon, who likes to flash his Catholic credentials when it comes to......
By Frank Cocozzelli (251 comments)
Ross Douthat's Hackery on the Seemingly Incongruous Alliance of Bannon & Burke
Conservative Catholic writer Ross Douthat has dissembled again. This time, in a February 15, 2017 New York Times op-ed titled The Trump Era's Catholic......
By Frank Cocozzelli (64 comments)
`So-Called Patriots' Attack The Rule Of Law
Every so often, right-wing commentator Pat Buchanan lurches out of the far-right fever swamp where he has resided for the past 50 years to......
By Rob Boston (161 comments)
Bad Faith from Focus on the Family
Here is one from the archives, Feb 12, 2011, that serves as a reminder of how deeply disingenuous people can be. Appeals to seek......
By Frederick Clarkson (177 comments)
The Legacy of George Wallace
"One need not accept any of those views to agree that they had appealed to real concerns of real people, not to mindless, unreasoning......
By wilkyjr (70 comments)
Betsy DeVos's Mudsill View of Public Education
My Talk to Action colleague Rachel Tabachnick has been doing yeoman's work in explaining Betsy DeVos's long-term strategy for decimating universal public education. If......
By Frank Cocozzelli (80 comments)
Prince and DeVos Families at Intersection of Radical Free Market Privatizers and Religious Right
This post from 2011 surfaces important information about President-Elect Trump's nominee for Secretary of Education, Betsy DeVos. -- FC Erik Prince, Brother of Betsy......
By Rachel Tabachnick (218 comments)

Respect for Others? or Political Correctness?
The term "political correctness" as used by Conservatives and Republicans has often puzzled me: what exactly do they mean by it? After reading Chip Berlin's piece here-- http://www.talk2action.org/story/2016/7/21/04356/9417 I thought about what he explained......
MTOLincoln (253 comments)
Fear
What I'm feeling now is fear.  I swear that it seems my nightmares are coming true with this new "president".  I'm also frustrated because so many people are not connecting all the dots! I've......
ArchaeoBob (107 comments)
"America - love it or LEAVE!"
I've been hearing that and similar sentiments fairly frequently in the last few days - far FAR more often than ever before.  Hearing about "consequences for burning the flag (actions) from Trump is chilling!......
ArchaeoBob (214 comments)
"Faked!" Meme
Keep your eyes and ears open for a possible move to try to discredit the people openly opposing Trump and the bigots, especially people who have experienced terrorism from the "Right"  (Christian Terrorism is......
ArchaeoBob (165 comments)
More aggressive proselytizing
My wife told me today of an experience she had this last week, where she was proselytized by a McDonald's employee while in the store. ......
ArchaeoBob (163 comments)
See if you recognize names on this list
This comes from the local newspaper, which was conservative before and took a hard right turn after it was sold. Hint: Sarah Palin's name is on it!  (It's also connected to Trump.) ......
ArchaeoBob (169 comments)
Unions: A Labor Day Discussion
This is a revision of an article which I posted on my personal board and also on Dailykos. I had an interesting discussion on a discussion board concerning Unions. I tried to piece it......
Xulon (180 comments)
Extremely obnoxious protesters at WitchsFest NYC: connected to NAR?
In July of this year, some extremely loud, obnoxious Christian-identified protesters showed up at WitchsFest, an annual Pagan street fair here in NYC.  Here's an account of the protest by Pagan writer Heather Greene......
Diane Vera (130 comments)
Capitalism and the Attack on the Imago Dei
I joined this site today, having been linked here by Crooksandliars' Blog Roundup. I thought I'd put up something I put up previously on my Wordpress blog and also at the DailyKos. As will......
Xulon (331 comments)
History of attitudes towards poverty and the churches.
Jesus is said to have stated that "The Poor will always be with you" and some Christians have used that to refuse to try to help the poor, because "they will always be with......
ArchaeoBob (149 comments)
Alternate economy medical treatment
Dogemperor wrote several times about the alternate economy structure that dominionists have built.  Well, it's actually made the news.  Pretty good article, although it doesn't get into how bad people could be (have been)......
ArchaeoBob (90 comments)
Evidence violence is more common than believed
Think I've been making things up about experiencing Christian Terrorism or exaggerating, or that it was an isolated incident?  I suggest you read this article (linked below in body), which is about our great......
ArchaeoBob (214 comments)

More Diaries...




All trademarks and copyrights on this page are owned by their respective companies. Comments, posts, stories, and all other content are owned by the authors. Everything else © 2005 Talk to Action, LLC.