Friday, December 26, 2014

The Mega-Rich Went Overwhelmingly Democrat in 2014 Donations

Democrats bagged the bulk of big dollar donations in the 2014 midterm elections according to an analysis by the Associated Press.

"Out of the $128 million spent by the top 10 individual donors to outside groups, Democrats hauled in $91 million or 71% of donations.

“Among groups that funneled more than $100,000 to allies, the top of the list tilted overwhelmingly toward Democrats—a group favoring the GOP doesn’t appear on the list until No. 14,” reports the AP.

Democrats also enjoyed a 3-to-1 cash advantage when it came to the 183 groups stroking checks of $100,000 or more. The liberal National Education Association (NEA) topped the list of big money donors at $22 million. The top ten list contained zero Republican-leaning groups.

“They’re total hypocrites when it comes to this subject,” said Republican National Committee Chairman Reince Priebus. “They’ve made a living off campaign talking points when, in reality, they’ve been raking in more money from millionaire donors than Republicans for quite a while.”

Democrat hedge fund billionaire and global warming activist Tom Steyer blew at least $74 million on the 2014 midterm elections, making him the cycle’s largest individual donor.

The libertarian Koch Brothers came in tied for the 23rd spot of largest spenders, according to the Associated Press."
A dead-on analysis from the comments:
"Of course! Over the last 6 years the rich got a lot richer and the gap between rich and poor got wider and the top 5 banks got BIGGER. Where do you think all that QE money went? Roads? Of course big corporations and the mega rich want democrats."
[emphasis added]

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