Romney Crushing Obama in Donations From Wall Street

Trending News Channel
Videos Highlighting The Latest Search Trends.
June 13 2012 3:53 PM

Romney Crushing Obama in Donations From Wall Street

146297839
Thus far, Mitt Romney has far outpaced President Barack Obama in fundraising from Wall Street.

Photo by Chip Somodevilla/Getty Images

When it comes to Wall Street, votes in the presidential election might already be cast—or cashed, rather.

The financial sector has donated a whopping $37.1 million to Republican candidate Mitt Romney so far. The Obama administration’s haul? A measly $4.8 million. Why the giant disparity? According to some donors who gave to the president in 2008, Obama’s policies aren’t fixing the economy. The president’s support of financial regulation legislation and push to raise taxes on the wealthiest Americans probably hasn’t helped either. 

Advertisement

Ken Griffin, the Citadel hedge fund founder, donated the maximum amount of $4,600 to Obama in the last presidential race. But this time around he’s changed his tune, accusing the president of “class warfare,” giving $2,500 to Mitt Romney’s campaign and nearly $1.1 million to pro-Romney super PAC Restore Our Future, according to Politico. Also playing a big role: the huge influx of cash allowed by the Supreme Court’s Citizens United decision.

The good news for Obama? He can keep making the argument that compared to Romney, he’s definitely part of the 99 percent.

Video by Paca Thomas. 

TODAY IN SLATE

Culturebox

The Ebola Story

How our minds build narratives out of disaster.

The Budget Disaster That Completely Sabotaged the WHO’s Response to Ebola

PowerPoint Is the Worst, and Now It’s the Latest Way to Hack Into Your Computer

The Shooting Tragedies That Forged Canada’s Gun Politics

A Highly Unscientific Ranking of Crazy-Old German Beers

Education

Welcome to 13th Grade!

Some high schools are offering a fifth year. That’s a great idea.

Culturebox

The Actual World

“Mount Thoreau” and the naming of things in the wilderness.

Want Kids to Delay Sex? Let Planned Parenthood Teach Them Sex Ed.

Would You Trust Walmart to Provide Your Health Care? (You Should.)

  News & Politics
Politics
Oct. 22 2014 9:42 PM Landslide Landrieu Can the Louisiana Democrat use the powers of incumbency to save herself one more time?
  Business
Continuously Operating
Oct. 22 2014 2:38 PM Crack Open an Old One A highly unscientific evaluation of Germany’s oldest breweries.
  Life
Dear Prudence
Oct. 23 2014 6:00 AM Monster Kids from poorer neighborhoods keep coming to trick-or-treat in mine. Do I have to give them candy?
  Double X
The XX Factor
Oct. 23 2014 8:51 AM The Male-Dominated Culture of Business in Tech Is Not Great for Women
  Slate Plus
Tv Club
Oct. 22 2014 5:27 PM The Slate Walking Dead Podcast A spoiler-filled discussion of Episodes 1 and 2.
  Arts
Brow Beat
Oct. 23 2014 9:00 AM Exclusive Premiere: Key & Peele Imagines the Dark Side of the Make-A-Wish Program
  Technology
Future Tense
Oct. 22 2014 5:33 PM One More Reason Not to Use PowerPoint: It’s The Gateway for a Serious Windows Vulnerability
  Health & Science
Bad Astronomy
Oct. 23 2014 7:30 AM Our Solar System and Galaxy … Seen by an Astronaut
  Sports
Sports Nut
Oct. 20 2014 5:09 PM Keepaway, on Three. Ready—Break! On his record-breaking touchdown pass, Peyton Manning couldn’t even leave the celebration to chance.