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According to the review of donations by hedge fund owners and employees, Hillary Clinton has been the recipient of up to $122.7 million in political donations this election cycle. Donald Trump, however, has gotten a paltry $19,000 from that same segment of donors.
According to The Wall Street Journal, the amount given to Hillary Clinton by denizens of the hedge fund sector is more than twice what they gave in 2012 and constitutes a whopping 14 percent of all money donated to her so far.
The review of Clinton’s donors shows that her top five donors are owners or employees of investment firms, and seven such firms have contributed up to $48.5 million to her.
This sector of political donors have given to Republicans, but the Journal also points out that hedge funders who have given to Republican candidates have picked candidates who opposed Mr. Trump.
The massive donations to Team Hillary are in stark contrast to Clinton’s oft proclaimed desire to put an end to these types of political donations.
During her Thursday acceptance speech at the Democratic National Convention, for instance, Clinton again pledged to appoint Supreme Court justices “who will get money out of politics.” If necessary, she said, “we’ll pass a constitutional amendment to overturn Citizens United!”
The Supreme Court’s 2010 Citizens United ruling helped ensure the ability of people and corporations to make political donations to whomever they wish, classifying such donations as covered under our right to freedom of speech.
In the past, Clinton has declared that the right to free political speech has had a “pernicious effect” on the country.
On the other hand, Clinton made more than $21 million delivering closed-door speeches to dozens of big banks, hedge fund companies, and investment firms.
Nonetheless, the very people on whom she says she would lower the boom have donated large sums of money to her campaign.
An old practice in Washington is that those who proclaim long lists of regulations often find high donations from those who would be regulated. It is money donated in a desperate attempt to have a seat at the table when those regulations are put in place.
This is why health insurance companies donated so heavily to President Obama and his cohorts in the run-up to Obamacare, for instance–not that those donations helped the average American.
originally posted by: IAMTAT
Wait...WHAT?
Don't Democrats always insist there is too much money in politics...
originally posted by: jacobe001
originally posted by: IAMTAT
Wait...WHAT?
Don't Democrats always insist there is too much money in politics...
Democrats or Republicans, it does not matter to the top wealthy
They will jump ship to whoever favors their interests.
Look at the many numbers of "Republicans" jumping on the Hillary Bandwagon.
The Left and Right meme is used to divide and conquer and give us the illusion of choice
There is no difference between both parties when it comes to Corporate and Banking lobbyists
originally posted by: projectvxn
a reply to: jacobe001
123 million to 19000 is a pretty big difference I think.
Robert Mercer, too, the hedge fund manager who once supported Ted Cruz, is now reportedly backing Trump. He and his daughter have reportedly given close to $500,000 to the Trump effort so far.
All told, Anthony Scaramucci, a hedge fund manager who has also publicly supported Trump and is an unofficial advisor to the campaign, says about 20% of the likely $70 million—Scaramucci’s estimate—that the Trump campaign brought in in July came from hedge fund managers or others in the industry. Scaramucci estimates that hedge fund managers have donated as much as $25 million to the Trump campaign so far.
The WSJ cited the Center for Responsive Politics as the source for its $48.5 million vs. $19,000 Clinton-Trump hedge fund donation gap. But Douglas Weber, a senior researcher for the Center for Responsive Politics, says he doesn’t know how the newspaper came up with those totals.
originally posted by: SLAYER69
80 Million to Trump in July, now 123 Million to Hillary Clinton
I wonder how many homeless/hungry people 203 Million would help feed/clothe/shelter?
(CNN)Donald Trump's campaign posted $80 million in fundraising last month in conjunction with the Republican Party, mostly through small-dollar donations it solicited from supporters online and by mail.
originally posted by: MamaJ
BAM!!!!!!
Truth right here .....
however many after reading AND agreeing will be sucked right back into the dreamy drama of TV.
All the money being printed and passed around could be going to much greater things than a charade of dumb and dumber.
originally posted by: tothetenthpower
a reply to: IAMTAT
As soon as she said she would pursue a constitutional amendment for Citizens United to be overturned, that should have scared the hell out of any of these groups.
I doubt she'll be getting large swaths of money from them in the general.
But regardless, Hillary will probably very good for those goons on Wall Street. So would Trump though with his tax plan.
~Tenth
originally posted by: JimNasium
a reply to: IAMTAT
There is also a show currently airing on HBO™ that identifies BIG $$$ donors. Some of these turd eating buzzards donate to both parties. (I've had to turn it off 2x due to getting sick to My stomach so be fore warned..)
Trailer--> www.hbo.com...
More info:
www.cnn.com...
It ALL is a FARCE.
originally posted by: SLAYER69
80 Million to Trump in July, now 123 Million to Hillary Clinton
I wonder how many homeless/hungry people 203 Million would help feed/clothe/shelter?
originally posted by: projectvxn
a reply to: jacobe001
123 million to 19000 is a pretty big difference I think.