Sheldon Adelson Gives $10 Million To Mitt Romney's Super PAC

Mitt Romney is doing very well when it comes to recieving political donation. Recently, Mitt's super PAC, received a large donation from a former supporter of Newt Gingrich: 

Billionaire conservative casino mogul Sheldon Adelson, who helped keep Newt Gingrich’s failed presidential campaign alive during the Republican primaries, is giving $10 million to the super PAC supporting the presumptive  GOP nominee, Mitt Romney, according to people with knowledge of the matter.

The leader of the super PAC Restore Our Future, Carl Forti, wouldn’t confirm the donation and said his policy was to not comment on donors or potential donors. Mr. Adelson’s spokesman could not be immediately reached for comment.

The $ 10 million figure appears to be the largest single donation towards Mr. Romney’s efforts so far. The independent political action committee, by law, cannot coordinate its work with the formal Romney campaign.

This donation will help alot in Mitt Romney's efforts to remain competitive with Obama's fundraising efforts. Obama is relying on Hollywood for donations to stay ahead of Mitt Romney in the fundraising race: 

President Barack Obama is using the entertainment industry on both coasts to help fill the fundraising hole left by defections of some Wall Street donors.

Obama has been hitting California and New York in the race to stay ahead of Republican Mitt Romney in fundraising for the presidential campaign. He’ll be in New York tonight for the second time this month for an event at actress Sarah Jessica Parker’s house and another co-hosted by singer Mariah Carey at the Plaza Hotel, aiming to raise $4.5 million. 

Obama isn't raising the kind of money now as he did back in 2008 and small and big donors aren't as willing to donate to his campaign anymore. This worries Obama's campaign staff: 

In growing numbers, once-confident Democrats now say President Barack Obama could lose the November election. The hand-wringing reflects real worries among Democrats about Obama's ability to beat Republican rival Mitt Romney, who has proven to be a stronger candidate than many expected. But it's also a political strategy aimed at rallying major donors who may have become complacent.

Interviews with a dozen Democratic strategists and fundraisers across the country show an increased sense of urgency among Obama backers. It follows a difficult two weeks for the president, including a dismal report on the nation's unemployment picture, a Democratic defeat in the Wisconsin governor recall election and an impressive fundraising month for Romney and Republicans.

Given that Mitt Romney and Barack Obama are neck and neck both in the polls and fundraising, Obama should be real worried that he might not be in the White House again. But then again, America needs Mitt Romney in the White House in 2012.