If you examine the business interests of the largest donors, you can actually chart, with a fairly good degree of accuracy, the legislative agenda of any candidate running for office.
The largest donors this season have been what is construed as the Rockefeller-Morgan banks—which before New Hampshire were only backing McCain and Clinton among the presidential candidates. On the eve of New Hampshire, the banks expanded their net and included Obama with their generosity. Broken down, the top donors look like this: www.ActBlue.com (which backs only the extreme far left) donated $2,246,871.00 to socialist candidates. This included both Obama ($228,161.00) and Dennis Kucinich [D-OH] ($76,670.00). www.ActBlue.com, which flies under the radar screen, raised $37,745,300.00 for far left candidates since 2004 when it was formed to elect Sen. John Kerry.
The top bank donors to presidential candidates are: Goldman Sachs, which gave $1,472,646.00 this election cycle. Seventy-one percent of the money went to Democrats (with the bulk going to Hillary and Obama) and the balance to Republicans, with the bulk of the funds going to McCain. Citigroup gave $1,317,453.00 with 61% going to Democrats and 39% to Republicans. Morgan Stanley gave $1,012,097 with 62% going to Democrats and 38% to Republicans. Lehman Brothers gave $990,000 with 61% going to the Democratic contenders and 39% going to the GOP candidates—basically, McCain. JP Morgan Chase gave 66% of their $793,894.00 to Hillary and Obama, and 34% to McCain. UBS AG gave 64% of their $696,839.00 in contributions to Democratic presidential hopefuls and 36% to Republicans. Only Merrill Lynch favored the GOP over the Democrats. Fifty-eight percent of their $932,376.00 went to McCain and 42% was split between Hillary and Obama.
DLA Piper is a high technology company with offices located throughout the Asia, Europe, the United States—and, most important, in the Middle East. DLA Piper is Hillary Clinton’s top money source. Blank Rome LLP and Greenberg Traurig LLP. bankrolled both McCain and Clinton. Blank Rome, specializes in IRS regulations. They are McCain’s primary money source. Greenberg Traurig specializes in international law. While I have not seen it in his FEC filings yet, its a sure bet that DLA Piper, Blank Rome and Greenberg-Traurig are now writing checks with Barack Obama’s name on them. Campaigning is, after all, all about money. Today Obama has it and Hillary does not. Adding to Clinton’s woes in the money department, Obama also broke a campaign promise not to take matching funds, which added additional millions to his coffers. The Clintons and their allies are criticizing Obama for breaking his word. Obama said he has not broken his word, clarifying that his position all along was that he would not use public money if his Democratic opponents did the same. But if they used public money he would be obligated to do the same. Hillary applied for matching funds. Obama followed suit.
Hillary, whose campaign is running lean, still leads the presidential wanabees in dollars collected from lobbyists like disgraced kingpin lobbyist Jack Abrahamoff. The lobbying industry doled out $2.7 million to the presidential candidates on both sides of the aisle. Of that money, $823,000 went into Clinton’s war chest. Military-related donors, frightened by the rhetoric of the far left, have poured money into their war chests. According to the Center for Responsive Politics, the candidate who received the most was Ron Paul who opposes US involvement in Iraq and Afghanistan.
During the 4th quarter, Dr. Paul raised $19,873.329.00. McCain only raised $9,714,236.00. What is most interesting is that, of the GOP candidates, Dr. Paul was the top money raiser in Alabama, Alaska, Kansas, Michigan, Montana, Nevada, New Hampshire, Oklahoma, Oregon, and Wyoming. Yet, the voters who contributed to him apparently voted for McCain in the primaries that were held just before and during Super Tuesday. Dr. Paul came in second in Nevada, third in Alaska, fourth in Alabama, Michigan and Oklahoma, and fifth in New Hampshire where irregularities between the paper ballots that were examined and the computer tallies suggest the totals received by Dr. Paul and McCain were somehow flip-flopped. I find it hard to believe that voters would support Dr. Paul with their checkbooks and then vote for McCain. (One of my business associates suggested that perhaps they voted first and then opened their checkbooks. While that is possible, it doesn’t really make sense to suggest that someone would vote for McCain and then write checks to Dr. Paul.) The first scenario is more likely to be true—the problem most likely lies in the electronic voting system where the results can be preprogrammed to credit votes for one candidate to another and visa versa. Clearly, the best grassroots organization on the ground in New Hampshire did not belong to McCain—it belonged to Ron Paul.
How McCain Stole the Marbles
The one candidate few conservatives wanted to win any primary—and were surprised when he did—was Sen. John McCain who is a Teddy Kennedy liberal on 80% of the issues. It should not have surprised conservatives however, since conservatives are traditionally one or two issue voters and they fracture very easily. Liberals, on the other hand, are in the game to win. Thus, even if they don’t like the candidate they are stuck with, they rally round the the flag and vote for him. For that reason, the left has controlled Congress for over 75% of the 20th century.
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