Money Trail

You might be inspired by this year’s US presidential election, so forgive me for disturbing the good vibes. Like all elections in the US, this one has already been bought and paid for…

 Goldman Sachs 

Hillary Clinton: 407,000$ +

Barak Obama: 421,000$ +

Mitt Romney: 223,000$ +

Citigroup 

Hillary Clinton: 350,000$ +

John McCain: 153,000$ +

Morgan Stanley

Hillary Clinton: 362,000$+

Mitt Romney: 152,000$+

Securities and Investment

Hillary Clinton: 5,828,000$+

Barak Obama: 5,295,000$+

Mitt Romney: 4,141,000$+

Insurance and Real Estate

Hillary Clinton: 15,131,000$+

Mitt Romney: 11,686,000$+

Barak Obama: 11,591,000$+

Law Firms/Lawyers

Hillary Clinton: 11.756,000$+

Barak Obama: 9,521,000$+

John McCain: 2,508,000$+

Energy and Natural Resources

Mitt Romney: 731,262$+

Hillary Clinton: 704,000$+

Barak Obama: 619,000$+

Follow the money trail yourself…

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4 thoughts on “Money Trail

  • February 5, 2008 at 6:13 pm
    Permalink

    Well, that’s not quite the whole story

    The numbers you reference are from total individual contributors in each sector. When you see “Goldman Sachs” $407,000 that’s what individual employees of the company choose to give to a candidate, and there are limits to what each individual can give. I believe that number is $5,000 per candidate.

    A cooperation or union can not give money to a candidate from their funds so you’re bought and sold for line is a little misleading. Corporations and unions can give money directly to candidates through a Political Action Committee – though Obama hasn’t taken any money from PACs. 99% of Obama’s money came from individual contributors 25% of which are under $200.

    So when there’s a title that says “insurance and real estate x millions of dollars” that means the millions of people that gave money to candidates marked “insurance and real estate” as their profession on the FEC form. That does not mean that the “insurance and real estate” CEO in his “insurance and real estate” company headquarters just wrote a check for x millions of dollars to a candidate.

    • February 6, 2008 at 12:40 am
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      I wrote this post as bait to draw you out into the light.

      I still think theres faaaar too much money in this game. A shameful amount.

      AND.. since I got you here my friend.. what happens to all the money people like Giuliani raised now?

  • February 6, 2008 at 5:25 pm
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    Ah you bastard you drew me right into your crosshairs – fine I’ll take your bait

    The US fed budget is 3 trillion a year, so a few hundred million ever four years to have some access to that seems like a reasonable investment.

    Is there too much money in politics? Sure…I guess, maybe not enough of our money.

    Case in point – If Nader had his way and had everyone that made minimum wage give his campaign $10 he would be the most powerful political figure in the US. Would we say there is too much money in politics if that was the case?

    The two best things to curtail some of the spending is to lower maximum contributions and increased transparency. I’m not sure where EU parties get their income (prob public funding) but the FEC transparency of political contributions is outstanding. You can search by name, zip code, industry etc. Your link to opensecrets.org says it best.

    Questions like can the government prohibit you from spending your own money on a political race? See Corzine

    Or, what if you raise millions and out spend your opponent 100:1 but your contributions can from small donors?

    The biggest problem right now is the double dipping by contributors to increasing amount of PACs and Leadership PACs – that’s a long story.

    Oh man I loved watching Rudy 9u11iani fail like a fat kid doing pull ups in gym class. He actually set the record of the WORST campaign ever recorded he spent something like 50 million and got 1 delegate. His left over money can be given away to other campaigns or the national party. But I think he spent everything he had

  • February 7, 2008 at 3:07 am
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    what a waste of money. Just think how many kids we could feed with that money and give them hope for an education.

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