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Hungarian-Born Billionaire Buys Airtime to Warn Against Socialism

Friday, October 12, 2012

Billionaire Socialism Ad

Billionaire Thomas Peterffy is spending millions on television ads this election season with one cautionary message: Avoid socialism.

“I grew up in a socialist country and I have seen what that does to people. There is no hope, no freedom, no pride in achievement,” he says with a soft Hungarian accent in the ad. “The nation became poorer and poorer, and that’s what I see happening here.”

Peterffy told CNN he expects to spend $5-$10 million on the ad buy, depending on its effectiveness. The spot will run on CNN, CNBC, Bloomberg, and test markets in Ohio, Wisconsin, and possibly Florida.

The one-minute spot, which began airing Wednesday and will continue through Election Day, has no mention of any specific politician or lawmaker. It’s simply a plea for an end to what he sees as growing hostility to personal success – and to vote Republican.

Post Continues on politicalticker.blogs.cnn.com

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