Follow the money!

Now that the field is down to two Democratic frontrunners and another two Republicans (someone please tell Huckabee and Paul) it’s time to look at who is trying to buy themselves favours with a new President, if not the whole. You can find extensive information on campaign financing for every candidate if you click on the links provided.

All information is published by opensecrets.org, who are doing a fine job of tracking the money and it’s sources. They share their data to be freely distributed and thus provide an invaluable tool to learn about the background of campaign financing. Please go there and check upon the candidates you are interested in, and if you can spare a dime, donate for their great work.

So, let’s have a look at the money trail and to keep it neutral we start with the pauper in the field:

John McCain is still way behind in financial contributions with a total of $32,124,785. His main contributors are:

Blank Rome LLP $141,100
Citigroup Inc $137,050
Greenberg Traurig LLP $124,987
Merrill Lynch $113,575
Goldman Sachs $88,700
Univision Communications $82,000
IDT Corp $77,150
Bank of New York Mellon $74,000
MGM Mirage $70,400
Irvine Co Apartment Community $68,400
Pinnacle West Capital $64,000
JP Morgan Chase & Co $59,850
Credit Suisse Group $58,950
Bridgewater Assoc $58,300
Cisco Systems $56,600
Lehman Brothers $53,250
Morgan Stanley $50,950
Wachovia Corp $50,850
Blackstone Group $47,950
Deloitte Touche Tohmatsu $41,601

Mitt Romney comes in second with contributions amounting to $62,829,069 and the following contributors list:

Goldman Sachs $181,425
Merrill Lynch $147,200
Marriott International $115,000
Bain Capital $112,200
Morgan Stanley $110,050
Bain & Co $103,175
The Villages $96,400
Citigroup Inc $94,150
Compuware Corp $93,800
Huron Consulting Group $91,250
Kirkland & Ellis $89,600
Affiliated Managers Group $77,462
American Financial Group $75,350
PricewaterhouseCoopers $74,200
HIG Capital $71,175
Liberty Mutual Insurance $68,800
JP Morgan Chase & Co $67,450
Credit Suisse Group $66,850
UBS Americas $63,800
Lehman Brothers $60,750

Barack Obama has collected the considerable amount of $80,256,427 and all the well known names appear here, too.

Goldman Sachs $369,078
Lehman Brothers $229,090
National Amusements Inc $220,950
JP Morgan Chase & Co $216,759
Sidley Austin LLP $203,325
Exelon Corp $194,750
Citigroup Inc $180,650
Citadel Investment Group $166,600
Jones Day $158,400
Skadden, Arps et al $150,900
UBS AG $146,150
Time Warner $142,718
Harvard University $141,700
University of California $126,972
Jenner & Block $122,419
Kirkland & Ellis $111,951
UBS Americas $106,680
Morgan Stanley $104,425
WilmerHale $102,360
Credit Suisse Group $92,300

And the winner is: Hillary Clinton with a war chest of $90,935,788 unsurprisingly her donor list matches the who’s who, we have seen above:

DLA Piper $356,100
Goldman Sachs $350,050
Morgan Stanley $323,550
Citigroup Inc $307,350
EMILY’s List $211,642
National Amusements Inc $193,850
JP Morgan Chase & Co $173,350
Kirkland & Ellis $172,000
Skadden, Arps et al $151,460
Greenberg Traurig LLP $150,900
Cablevision Systems $135,113
Merrill Lynch $125,550
Time Warner $124,150
Lehman Brothers $123,450
Bear Stearns $120,580
Patton Boggs $118,400
Ernst & Young $110,650
Blank Rome LLP $105,100
Latham & Watkins $100,950
News Corp $99,350

This is, of course a rough overview and, honestly, I have not yet looked up all the info about all the candidates, there are interests that hide behind the donor’s list. It is an adventure in itself to find out. I’m sending you on the quest to knowledge, the one weapon against populism and lies. And I don’t pretend this makes decision making any easier for you.

6 thoughts on “Follow the money!

  1. Never mind, just used the googles…
    Operates 1390 motion picture screens in the United States, United Kingdom and Latin America.

  2. Citigroup’s degree of support for McCain surprises me. They tend to lean Democratic since the investment market tends to recede during Republican administrations. They did deliver strong support to W in 2004 to their own chagrin.

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