Obama Outpaces McCain in Bush Donors

[Hissyspit]

Source: The Swamp

Obama Outpaces McCain in Bush Donors

Posted August 15, 2008 7:15 AM
by Mark Silva

Sen. Barack Obama has fared better than Sen. John McCain in fundraising among several Republican-leaning industries that supported President Bush's record campaign fundraising four years ago, Bloomberg News notes today. The Democrat has collected $9.6 million in donations from people working for securities, mortgage and drug companies, McCain $6.6 million, Jonathan Salant reports. In 2004, people in those industries gave $10.6 million to Bush and $5.4 million to Democratic nominee John Kerry, according to the Washington-based Center for Responsive Politics.

"McCain's inability to match Bush's performance in attracting traditional Republican donors illustrates the fundraising gap between the candidates,'' Salant finds. "Obama is seeking to bring in double or triple the $84.1 million in federal funds that McCain will have to spend in the final two months before the Nov. 4 election. In June, Obama declined to accept public financing, which caps his spending at the federal allotment.''

"Not all Republicans ``are opening their wallets to a McCain presidential run,'' Mallory Factor, a banker who co-hosts a weekly meeting of conservatives in New York and raised more than $1 million for Bush and his party four years ago, told Bloomberg.

"Some Republicans who ``support certain principles'' are shunning McCain, Factor said, citing the Arizona senator's initial opposition to Bush's tax cuts and his authorship of a campaign-finance law opposed by many in his party.

Read more: http://www.swamppolitics.com/news/politics/blog/2008/08...

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[mtf80123]

1. They are now fearful

of the soon to come "Wrath" of the American people.

[Dr.Phool]

2. What an endorsement.

[clear eye]

3. Basically They Want to Corrupt the Winner

Linking their donations to opposition to the McCain/Feingold campaign finance reform act is a little disturbing.

[roseBudd]

4. I believe Wall Street knows McCain's economic policy will be disastrous as the debt will double

They may be greedy but they aren't stupid

[clear eye]

5. We'll See if Obama Keeps his Promise to Repeal the Bush Tax Cuts

if he is elected, now that he's getting all this money from sources in favor of keeping the cuts.

[FrenchieCat]

7. I'm not sure if these findings are being interpreted the right way.

My father works for Baxter Inc., a big pharma company....as a distributor. His earnings are quite high, and yet he is an Obama donor.

I suggest that one should realize that breaking out the donations by sector doesn't mean as much as what it may have previously. We must remember that if Americans from all walks of life are giving more to Obama, it will reflect pretty much in all industries. I'm an Accountant, so I guess I go under the Finance Sector? Well OK, but that doesn't meant that I used to give to the Republicans, cause I never have.

[Honeycombe8]

6. I never would've thought this. How odd. Maybe they're just giving to who they think will win.

Could be that those cos. just think that Obama is the likely winner...it pays to be a contributor to the winner, after the winner has won.