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Karmadillo

(9,253 posts)
Tue May 22, 2012, 06:35 AM May 2012

Democrats & Bain: Execs at Bain have donated more to the Democratic Party than the GOP. Why?

Interesting article by Greenwald. The snippet below doesn't do it justice. Well worth clicking through.

http://www.salon.com/2012/05/21/democrats_and_bain_2/singleton/

Published on Monday, May 21, 2012 by Salon.com
Democrats and Bain
Executives at Romney's old private-equity firm have donated more to the Democratic Party than the GOP. Why?
by Glenn Greenwald



We all know that Bain Capital, Mitt Romney’s former firm, is the paragon of capitalist evil, destroying the middle class in order to enrich greedy vulture oligarchs. We also all know that the Democratic Party is the defender of the middle class and the bold adversary of corporate pillaging. That’s why these facts generate so much cognitive dissonance resident Obama and Cory Booker:

Democrats have accepted more political donations than Republicans from executives at Bain Capital, complicating the left’s plan to attack Mitt Romney for his record at the private-equity firm.

<Edit>

While Romney himself has received more contributions from his former firm than Obama has, “President Obama received a sizable share as well.” More generally, “campaign finance records show that Democrats collect more money from Wall Street than does the GOP.”

Why would these cunning Master of the Universe villains want so robustly to fund a party that is so adverse to their interests? The only coherent answer is that the party which they’re funding is anything but adverse to their interests. From today’s Washington Post, comparing White House visitor logs to lobbyist registration records:

The lobbying industry Obama has vowed to constrain is a regular presence at 1600 Pennsylvania Ave. The records also suggest that lobbyists with personal connections to the White House enjoy the easiest access. . . .

lots lots more...

16 replies = new reply since forum marked as read
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Democrats & Bain: Execs at Bain have donated more to the Democratic Party than the GOP. Why? (Original Post) Karmadillo May 2012 OP
They're "investing" in the future. Atman May 2012 #1
Simple. sendero May 2012 #2
Bain is known for investing money to destroy companies lunatica May 2012 #3
Bingo. You said it better than I can. Scuba May 2012 #4
Post removed Post removed May 2012 #5
Good old ProSense May 2012 #6
Because most Bain execs want to do the right thing. MannyGoldstein May 2012 #7
More manufactured outrage. JoePhilly May 2012 #8
+1 FSogol May 2012 #11
+1 uponit7771 May 2012 #14
Yup...nt SidDithers May 2012 #15
Easy answer - they are based out of Boston karynnj May 2012 #9
Here: ProSense May 2012 #10
Facts are good... SidDithers May 2012 #16
Here is an easy answer. Lucky Luciano May 2012 #12
If Democrats ran the country Courtesy Flush May 2012 #13

sendero

(28,552 posts)
2. Simple.
Tue May 22, 2012, 06:42 AM
May 2012

... Democrats are just as big enablers of financial shenanigans as Republicans are. The big investment banks have a history of giving more to the Democrats and the Democrats make it worth their while.

lunatica

(53,410 posts)
3. Bain is known for investing money to destroy companies
Tue May 22, 2012, 06:46 AM
May 2012

Maybe they're investing in the Democratic Party to destroy it's core values. They already have Cory Booker fighting to privatize what should be kept public. The one thing I'm not buying is that they believe in our core values. Nope. Not buying.

Response to Karmadillo (Original post)

ProSense

(116,464 posts)
6. Good old
Tue May 22, 2012, 07:41 AM
May 2012

"both sides do it too" Greenwald?

Why exactly is Obama's photo there with Booker?

Major Romney Donor, Ex-Bain Exec, Pens Book Defending The 1%
http://www.democraticunderground.com/1002631452

Bain execs spent nearly $5 million on Romney’s White House runs, records show
http://www.iwatchnews.org/2012/02/07/8087/bain-execs-spent-nearly-5-million-romney-s-white-house-runs-records-show

Wall Street's Huge Bet on Romney
http://www.opensecrets.org/news/2012/03/wall-streets-huge-bet-on-romney.html

OpenSecrets: Obama Campaign Refunding Donations By Federal Lobbyists
http://www.democraticunderground.com/1002230824

Krugman: Extremists and Enablers
http://www.democraticunderground.com/1002692194

 

MannyGoldstein

(34,589 posts)
7. Because most Bain execs want to do the right thing.
Tue May 22, 2012, 08:00 AM
May 2012

Deep down, they have a powerful sense of fair play, and they want all Americans to have a chance.

karynnj

(59,504 posts)
9. Easy answer - they are based out of Boston
Tue May 22, 2012, 08:18 AM
May 2012

It might be that the sum of all the lower level employees giving disproportionately to the Democrats influences the total - as the big guys give to both to try to buy access.

Lucky Luciano

(11,261 posts)
12. Here is an easy answer.
Tue May 22, 2012, 08:58 AM
May 2012

Most wall st types want nothing to do with the social conservative/birther/evangelical wackaloons.

Courtesy Flush

(4,558 posts)
13. If Democrats ran the country
Tue May 22, 2012, 09:03 AM
May 2012

The big money would all shift left. That kind of money will corrupt anyone.

If the people ran the country, instead of the parties, maybe the people would be recipients of some of that money.

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