Battered Wall St tops Obama inaugural donors: study

onthebottom

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So no change then.....

OTB

Battered Wall St tops Obama inaugural donors: study

By Kevin Drawbaugh – Sat Jan 17, 9:15 am ET

WASHINGTON (Reuters) – Wall Street may be bruised and battered, but it still donated more money than any other U.S. industry to President-elect Barack Obama's inaugural festivities on Tuesday, a study has found.
The Center for Responsive Politics said executives of finance, insurance and real estate companies and their family members gave $7.1 million to Obama's inaugural committee.

Top donors from the world of high finance included George Soros, Ronald Perelman and David Shaw, the center said.

Bankers and hedge fund managers will mingle with Hollywood stars and Silicon Valley high-technology titans at the swearing-in ceremony for the 44th president, the parade down Pennsylvania Avenue and the balls and parties that follow.

Special access and tickets are reportedly available to those who contributed $50,000 to the inaugural committee or who helped "bundle" larger sums from multiple individual donors, the center said.
The committee refused to accept money from corporations, registered lobbyists, unions or political action committees.

Entertainers such as Halle Berry, Samuel Jackson and Sharon Stone donated heavily, as did behind-the-camera moguls including Steven Spielberg, George Lucas and Jeffrey Katzenberg, the center said, citing data downloaded from the Presidential Inaugural Committee's Web site.

"While Americans are hoping for real change in Washington, many deep-pocketed donors are hoping money still buys them access and influence," said Sheila Krumholz, executive director of the nonpartisan money-in-politics watchdog group.

"If history is any guide, these wealthy individuals, as well as the corporations and industries they represent, may more than recoup their investment in Obama through presidential appointments, favorable legislation and government contracts," Krumholz said.

People with Wall Street ties -- 118 of them -- gave $3.6 million; lawyers gave $2.5 million; and donors from the TV, movie and music businesses gave $1.7 million, the center said.

The center's analysis of inauguration donors was posted on its Web site at www.opensecrets.org.
 

RTRD

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I believe....

...the nature and identity of your top donors (I mean...really...there are only so many millionaires to go around...and I bet Obama secured more who were NOT Wall Street types than any POTUS before him) is not nearly as relevant as the nature and identity of your TYPICAL donor...or what percentage of your total take comes from elite donors (defined as max contributors) versus typical donors.

My guess is that Obama as a percentage had fewer elite donors than any previous POTUS, along with the most diverse group of elite donors and donors overall.
 

onthebottom

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Top Donors:

University of California $1,123,898
Goldman Sachs $955,223
Microsoft Corp $791,342
Google Inc $782,964
Harvard University $779,460
JPMorgan Chase & Co $642,958
Citigroup Inc $633,418
Sidley Austin LLP $565,788
Stanford University $558,184
Time Warner $542,651
National Amusements Inc $536,235
Wilmerhale Llp $522,792
Skadden, Arps et al $505,074
UBS AG $505,017
Columbia University $502,866
IBM Corp $489,842
Morgan Stanley $483,523
US Government $477,506
University of Chicago $456,209
Latham & Watkins $454,599


And Industry:

Rank Industry Total
1 Retired $45,422,248
2 Lawyers/Law Firms $42,336,367
3 Education $22,600,433
4 Misc Business $16,019,578
5 Securities & Investment $14,039,592
6 Health Professionals $11,457,850
7 Business Services $11,254,369
8 Real Estate $10,235,978
9 Civil Servants/Public Officials $8,340,052
10 Computers/Internet $8,287,761
11 TV/Movies/Music $8,245,151
12 Printing & Publishing $6,131,138
13 Misc Finance $5,605,525
14 Democratic/Liberal $5,562,367
15 Other $3,791,347
16 Hospitals/Nursing Homes $3,241,944
17 Commercial Banks $3,199,207
18 Non-Profit Institutions $2,894,069
19 Construction Services $2,766,207
20 Insurance $2,185,727
 

Don

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Politicans are all corrupt. You take the bad with the good. I never was one of those who had false expectations of Obama.
 

RTRD

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And I bet...

onthebottom said:
Top Donors:

University of California $1,123,898
Goldman Sachs $955,223
Microsoft Corp $791,342
Google Inc $782,964
Harvard University $779,460
JPMorgan Chase & Co $642,958
Citigroup Inc $633,418
Sidley Austin LLP $565,788
Stanford University $558,184
Time Warner $542,651
National Amusements Inc $536,235
Wilmerhale Llp $522,792
Skadden, Arps et al $505,074
UBS AG $505,017
Columbia University $502,866
IBM Corp $489,842
Morgan Stanley $483,523
US Government $477,506
University of Chicago $456,209
Latham & Watkins $454,599
...if you removed the universities from this list, it would pretty much look like McCain heavy hitter list.

It is no secret that Corporate America plays both sides of the street...
 

FOOTSNIFFER

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It's amazing how little it takes to gain access to politicians...I mean to Morgan Stanley, 483,000.00 is pizza money. They probably lose/make that much in their proprietary trading desk every half hour. If I were the Pres., I'd just say thank you very much and blow them off if they every pressuried me to adopt some measure that wasn't right for the country. The average contribution to the Obama campaign was $93.00, which means that I think he knows that he's received a real mandate from the people to serve their interests, and not just those of the grasping elites which were in the past the primary source of funds for pols. Maybe he feels less beholden to the fatcats than most cynics believe...who knows?

Everyone is entitled to their Jimmy Stewart, Mister Smith goes to Washington fantasy, at least for a little while.
 

onthebottom

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Gyaos said:
AH! And who is that, OTB? Now now, don't use Google to find out, National Amusements Inc. will NOT appreciate it.

Gyaos Baltar.
Movie theaters.....

So Hollywood, Universities, Bankers and Government unions....

OTB
 

Gyaos

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onthebottom said:
Movie theaters.....
So Hollywood, Universities, Bankers and Government unions....
OTB
Sumner (father) and Sheri (daughter) Redstone -> Movie Theaters -> Paramount -> CBS -> Viacom. You did good, I'll give you a B- on your test.

Gyaos Baltar.
 
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