IT’S A BAD IDEA TO CASUALLY LIBEL BILLIONAIRES: DCCC apologizes to Sheldon Adelson.

The Democratic Congressional Campaign Committee issued a public apology Thursday afternoon to billionaire casino magnate Sheldon Adelson for charging that the Republican mega donor was tied to the Chinese mob and a prostitution ring.

“In press statements issued on June 29 and July 2, 2012, the DCCC made unsubstantiated allegations that attacked Sheldon Adelson, a supporter of the opposing party. This was wrong. The statements were untrue and unfair and we retract them,” the DCCC wrote. “The DCCC extends its sincere apology to Mr. Adelson and his family for any injury we have caused.”

The statement is an attempt by the Democratic party committee to try and make a potential defamation lawsuit go away.

Well, it might work.