Securities & Investment
Stockbrokers, brokerage houses and bond dealers give the bulk of campaign dollars in this politically influential industry, which also includes commodities dealers and exchanges, investment banking houses, stock exchanges and venture capital firms.
Between 1996 and 2004, the majority of donations from the securities and investment industry to federal candidates and parties went to the GOP, but the industry changed its tune in 2006, giving 53 percent of donations to Democratic candidates and parties. During the run-up to the 2008 elections, these companies gave 57 percent of their contributions to Democrats. The shift may reflect the industry’s efforts to maintain political clout with a Democratic-controlled Washington, D.C. Security and investment companies contributed $154.9 million to federal campaigns during the 2008 cycle, more than double the donations of the previous two years. Economic policy and banking deregulation are key interests of the industry. The security and investment industry backed the “bailouts” of late 2008, as the departing Bush administration tried to head off a global economic meltdown by shoring up failing mortgage-backed assets. Yet the industry fears that the Obama White House will impose stringent regulations on financial instruments and the mortgage market. In order to curry favor with the incoming president, the industry’s employees and political action committees hedged their bets by donating a combined $23.7 million to then-Sen. Barack Obama and his opponent, Sen. John McCain (R-Ariz.), during the 2008 campaign. Of that sum, 63 percent went to Obama.
They ALL contribute heavily to BOTH political parties buying as much greedy corrupt human trash (ie; politicians) as possible.
This is who politicians take their orders from.. Not citizens. (And many other sectors also.. It is a plutocracy you know..)
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