Dem Super PAC hits Perdue and Loeffler on share sales in new $ 6.5 million ad buy

Outer Super PAC for Senate Democrats Fund New $ 6.5 Million TV and Digital Advertising Campaign Hitting Senators David Perdue (R-GA) and Kelly Loeffler (R-GA) for Their Personal Financial Transactions in Power , as Georgia’s crucial elections for the US Senate intensify.

The Senate majority group PAC attacks Perdue following recent reports that the senator’s stock trading activities warranted an investigation by federal authorities and commits Loeffler to the task by linking scrutiny of his activities to investment in its stance on relief coronavirus legislation. Details of the ad campaign, which began airing on Georgian airwaves on Wednesday evening, have been shared exclusively with The Daily Beast.

The advertising blitz precedes December 14 the start date of early voting in the second round of elections, which will decide which party will control the US Senate after Election Day on January 5. Democratic candidates Jon Ossoff and Raphael Warnock have increasingly slammed their GOP opponents over their investing activity, as Congress procrastinates on humanitarian aid as the economic impacts of the pandemic worsen.

Perdue and Loeffler both moved large amounts of their inventory after private briefings for senators on the coronavirus in January. This activity has drawn polls from the Department of Justice and the Securities and Exchange Commission; neither body brought charges against either senator, although they were not exonerated, despite their claims to the contrary.

The second round in Georgia is already on the verge of breaking election spending records for a statewide election. Campaigns and outside groups on both sides spent a total of $ 400 million in the two second-round races as of Wednesday, according to ad tracking company AdImpact.

The Warnock and Ossoff campaigns bought more ads in the Jan.5 runoff than their GOP counterparts, together spending $ 114 million on Loeffler and Perdue’s $ 80 million, according to an AdImpact analysis.

But outside Republican groups have so far surpassed their Democratic counterparts in ad spending. GOP super PAC American Crossroads spent $ 44 million on ads attacking Warnock, and the Senate Leadership Fund, the PAC aligned with Majority Leader Mitch McConnell (R-KY), spent $ 39 million on ads against Ossoff . And Peachtree PAC, a new Georgia-focused super PAC linked to McConnell, spent more than $ 35 million on ads in both races.

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