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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDemocrats & Bain: Execs at Bain have donated more to the Democratic Party than the GOP. Why?
Interesting article by Greenwald. The snippet below doesn't do it justice. Well worth clicking through.
http://www.salon.com/2012/05/21/democrats_and_bain_2/singleton/
Published on Monday, May 21, 2012 by Salon.com
Democrats and Bain
Executives at Romney's old private-equity firm have donated more to the Democratic Party than the GOP. Why?
by Glenn Greenwald
We all know that Bain Capital, Mitt Romneys former firm, is the paragon of capitalist evil, destroying the middle class in order to enrich greedy vulture oligarchs. We also all know that the Democratic Party is the defender of the middle class and the bold adversary of corporate pillaging. Thats why these facts generate so much cognitive dissonance resident Obama and Cory Booker:
Democrats have accepted more political donations than Republicans from executives at Bain Capital, complicating the lefts plan to attack Mitt Romney for his record at the private-equity firm.
<Edit>
While Romney himself has received more contributions from his former firm than Obama has, President Obama received a sizable share as well. More generally, campaign finance records show that Democrats collect more money from Wall Street than does the GOP.
Why would these cunning Master of the Universe villains want so robustly to fund a party that is so adverse to their interests? The only coherent answer is that the party which theyre funding is anything but adverse to their interests. From todays Washington Post, comparing White House visitor logs to lobbyist registration records:
The lobbying industry Obama has vowed to constrain is a regular presence at 1600 Pennsylvania Ave. The records also suggest that lobbyists with personal connections to the White House enjoy the easiest access. . . .
lots lots more...
Atman
(31,464 posts)"Job creation" for the GOP. They wish. Another failed attempt.
sendero
(28,552 posts)... Democrats are just as big enablers of financial shenanigans as Republicans are. The big investment banks have a history of giving more to the Democrats and the Democrats make it worth their while.
lunatica
(53,410 posts)Maybe they're investing in the Democratic Party to destroy it's core values. They already have Cory Booker fighting to privatize what should be kept public. The one thing I'm not buying is that they believe in our core values. Nope. Not buying.
Scuba
(53,475 posts)Response to Karmadillo (Original post)
Post removed
ProSense
(116,464 posts)"both sides do it too" Greenwald?
Why exactly is Obama's photo there with Booker?
Major Romney Donor, Ex-Bain Exec, Pens Book Defending The 1%
http://www.democraticunderground.com/1002631452
Bain execs spent nearly $5 million on Romneys White House runs, records show
http://www.iwatchnews.org/2012/02/07/8087/bain-execs-spent-nearly-5-million-romney-s-white-house-runs-records-show
Wall Street's Huge Bet on Romney
http://www.opensecrets.org/news/2012/03/wall-streets-huge-bet-on-romney.html
OpenSecrets: Obama Campaign Refunding Donations By Federal Lobbyists
http://www.democraticunderground.com/1002230824
Krugman: Extremists and Enablers
http://www.democraticunderground.com/1002692194
MannyGoldstein
(34,589 posts)Deep down, they have a powerful sense of fair play, and they want all Americans to have a chance.
JoePhilly
(27,787 posts)Glenn's running out of things to get angry about.
SidDithers
(44,228 posts)Sid
karynnj
(59,506 posts)It might be that the sum of all the lower level employees giving disproportionately to the Democrats influences the total - as the big guys give to both to try to buy access.
ProSense
(116,464 posts)SidDithers
(44,228 posts)To bad Greenwald would't know the truth if it bit him in the ass.
Sid
Lucky Luciano
(11,262 posts)Most wall st types want nothing to do with the social conservative/birther/evangelical wackaloons.
Courtesy Flush
(4,558 posts)The big money would all shift left. That kind of money will corrupt anyone.
If the people ran the country, instead of the parties, maybe the people would be recipients of some of that money.