Tom Ferguson writes:
At the Democratic Convention, perhaps the most memorable line was by one Barney Smith, who said that he wanted a candidate who cared more about Barney Smith than Smith Barney. Just for the record, Smith Barney is owned by Citigroup (it’s Salomon Smith Barney). We all know who sits at the top of Citigroup: one Robert Rubin. The director of research for the Obama campaign is Jason Furman, who is closely associated with Rubin and the latter’s Hamilton Project. Citigroup’s cash is split massively in favor of Obama; about $400,000 to 260,000 or so.
Overall, the richest Americans give much more to Republicans than to Democrats, but the financial services industry is one of the Democrats’ strengths.
Overall, the richest Americans give much more to Republicans than to Democrats, but the financial services industry is one of the Democrats' strengths.
If you have a source for such statements about which sectors of the economy gives to each party, please post it. Thanks!
Bob,
Tom Ferguson collected data on campaign contributions of top corporate executives and the Forbes 400 richest Americans. We summarize some of his findings on page 144 of our Red State, Blue State book.