Sunday, August 21, 2011

Where Candidates Get Their Money: Q2 (2011)

If you check out the top listed website on my featured sites, OpenSecrets, you will find where candidates receive their money, and what bundlers have some of the highest donation amounts.

Barack Obama's top three contributors are Goldman Sachs, Comcast, and Exelon.
  • Goldman Sachs, as we all know, was bailed out with $10,000,000,000 USD.
  • Comcast owns NBCUniversal, which owns CNBC and MSNBC.  Don't be frightened if they are pro-Obama, as their bosses are his TOP donor.
  • Exelon is an energy corporation that was fined $600,000 USD for pollution problems.
Mitt Romney's top contributors are Morgan Stanley at number 3, Credit Suisse at number 2, and GOLDMAN SACHS at number one, with nearly $300,000 USD in Q2.
  • Morgan Stanley was critical to the burst of the Real Estate bubble in 2007.  They received over $14,000,000,000 USD in emergency investments from Japan and China, and were used to help "save" Fannie Mae and Freddie Mac during the early stages of the bubble burst.
  • Credit Suisse is a Swiss investment bank.
Tim Pawlenty's top three were... Wells-Fargo, Moelis and Co, and Morgan Stanley.
  • Wells-Fargo received $25,000,000,000 USD from the bailout.  They have only paid back $131,000,000 or one half of one percent.
  • Moelis & Company is a new investment bank that profited heavily from the 2008 bubble burst by acquiring failing stocks and waiting for their recovery.
Ron Paul's top contributors (based on employer) are as follows:  US Army (#1),  Google Inc. (#2), Corriente Advisors (#3).  Other notables are US Airforce (#4),  US Navy (#7), Lockheed Martin (#13), US Government Employees (#17), IBM (#20).
  • Corriente Advisors is a small Texas investment firm.  They were negatively affected by the bailout, as their competitors received financing.
  • Ron Paul receives more money from US Military Servicemen and women than ANY candidate.
Gary Johnson's top contributors are: Welcom Products, Ryan LLC, and St. Jude Children's Hospital.
  •  Welcom Products is an American Manufacturing company.
  • Ryan LLC is an American tax agency (who supports TAX REFORM!)
    It seems strange, to find out who is donating to whom.  (Michele Bachmann had just entered the race by the end of Q2.  Rick Perry was not in the race, either.  I will update these numbers every quarter until Election Day.)