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Title: PayPal founder Peter Thiel throws $2.6 million at Ron Paul Super PAC, says money is to support libertarian movement
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URL Source: http://blog.chron.com/txpotomac/201 ... -support-libertarian-movement/
Published: Feb 22, 2012
Author: Samantha Wagner
Post Date: 2012-02-25 14:13:40 by Cornhuskerkid
Keywords: Ron Paul, PayPal, Peter Thiel, Super Pac
Views: 371
Comments: 23
Peter Thiel, founder of PayPal, donated $2.6 million to Endorse Liberty, a Ron Paul Super PAC. (Chip Somodevilla / Getty Images) In two months, Peter Thiel, billionaire co-founder of PayPal, donated a combined $2.6 million to Endorse Liberty, a Super PAC supporting Ron Paul. Each Republican Super PAC has its respective big-bank-account-backer, but Thiel’s contribution has people wondering why anyone would throw that much money at a candidate who hasn’t won first place yet in a single state. Simply put, when Thiel gave $900,000 in December and $1.7 million in January, he wasn’t strictly endorsing Ron Paul — he donated in support of Paul’s libertarian ideals, Slate reported. In an Endorse Liberty press release, Thiel explains why these principles of liberty and small-government are so important. “Too often in this country we learn things the hard way – whether it’s putting your nest egg in overvalued stocks, borrowing more than your house is worth, or amassing a mountain of student debt to pay for a degree with no real job prospects,” he said. “With its unsustainable deficits, government spending is heading down the same path. Men and women who want freedom and growth should take action. A good place to start is voting for Ron Paul.” Endorse Liberty is a group of entrepreneurs and inventors who call for “open, unhampered creativity,” citing innovation as an economic engine. This organization is very much in line with what Thiel preached at the Students for Liberty conference on Feb. 17, Slate reported. While addressing the students, he also spoke about the potential of libertarians to gain support. Thiel’s investment in the pro- Paul Super PAC is essentially an investment in the overall movement. “For the first time in perhaps 80 years, we have a chance to move the country in a more libertarian direction, with a less intrusive government, in both social and economic areas,” he said. 
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#2. To: Cornhuskerkid (#0)
If he's such a supporter of Dr. Paul and a proponent of Libertarianism then why in the hell did he stop people from using his company to support Wikileaks and Julian Assange?
It says he founded Paypal. Maybe he's not the current owner??
Yes. From wiki...
You beat me to it.
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#7. To: F.A. Hayek Fan (#2)
If he's such a supporter of Dr. Paul and a proponent of Libertarianism then why in the hell did he stop people from using his company to support Wikileaks and Julian Assange?
#8. To: F.A. Hayek Fan (#7)
After co-founding PayPal, Thiel took the company public on February 15, 2002, and sold it to eBay for $1.5bn later that year.[7]
#10. To: Pinguinite (#8)
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