The lesson for Joe Ricketts 鈥� the founder of TD Ameritrade and the super PAC Ending Spending Action Fund 鈥� is that politics can be dangerous to one鈥檚 reputation. Before the Jeremiah Wright flap, Mr. Ricketts was unknown to most Americans. Now, anyone paying attention to the campaign has seen his name splashed all over the media in connection with the controversial proposal to attack Obama via his former pastor.
The ability to spend unlimited sums of money on behalf of a political campaign was sanctioned in 2010 by the US Supreme Court. Suddenly, wealthy people with a taste for politics can jump in with big piles of cash to try to influence discourse. But sometimes things can go awry. Remember Foster Friess? He was Rick Santorum鈥檚 big outside backer, who put his foot in his mouth when he joked on TV about birth control as 鈥�Bayer aspirin between the knees.鈥�
Ricketts, whose family also owns the Chicago Cubs, wasn鈥檛 even in the room when Strategic Perception made its proposal, said Brian Baker, president of the Ending Spending Action Fund, speaking Friday on MSNBC鈥檚 鈥�Morning Joe.鈥�
鈥淭he world is full of bad ideas. This is one of them,鈥� Mr. Baker said. 鈥淭his wasn鈥檛 a proposal we requested at all. We never funded it鈥�. We had nothing to do with the suggestion of Reverend Wright.鈥�
