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Joe BidenCongratulations to our presumptive Democratic nominee, Joe Biden!
 

redqueen

(115,103 posts)
Sun Dec 15, 2019, 11:44 AM Dec 2019

Here Are The Billionaires Funding The Democratic Presidential Candidates

...

Forbes mined roughly 2.5 million entries in the Federal Election Commission database and found that almost 20% of American billionaires have donated—either directly or through their spouse—to the campaign committees of Democrats running for president. Ninety billionaires donated in their own names. We found 23 billionaires who did not give any money but are married to people who did. By the close of the latest fundraising period, on September 30, 2019, Kamala Harris, Joe Biden and Cory Booker each counted at least 40 billionaires or spouses of billionaires among their backers.

Call it the billionaire horse race, as candidates travel the country collecting funds from the richest people in America. Harris got out of the gate quickly, attracting 30 big-money donors, including Laurene Powell Jobs and Salesforce’s Marc Benioff, during her first two months on the campaign trail. Lately, Joe Biden has been gaining ground. He got 19 new donors from July to September—more than any other candidate in that span. Some billionaires are betting on virtually everyone, increasing their odds of picking a winner. Blackstone president Jonathan Gray, for instance, has given to ten candidates.

...



...

https://www.forbes.com/sites/michelatindera/2019/11/18/here-are-the-billionaires-funding-the-democratic-presidential-candidates/#20e7b0ee74bb
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18 replies = new reply since forum marked as read
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Here Are The Billionaires Funding The Democratic Presidential Candidates (Original Post) redqueen Dec 2019 OP
Joe is the choice for the status quo which benefits billionaires. brutus smith Dec 2019 #1
"Joe is the choice for the status quo" unless Bloomberg passes him. crazytown Dec 2019 #3
Absolutely! brutus smith Dec 2019 #4
Do the identities of the bundlers need to be disclosed? eom crazytown Dec 2019 #2
I'm glad those billionaires are supporting Democrats. I wish more were. comradebillyboy Dec 2019 #5
Except they are the ones doing the using Bradshaw3 Dec 2019 #6
So regardless of whether they're billionaires, millionaires (funny we don't talk about them anymore) George II Dec 2019 #9
They can give to dark money groups Bradshaw3 Dec 2019 #10
It really is weird to see this influence downplayed here. redqueen Dec 2019 #12
Right, and it will feed that narrative because there is some smoke there Bradshaw3 Dec 2019 #15
Biden's fundraisers are open to the press. highplainsdem Dec 2019 #14
So why aren't Buttigieg's closed door ones more of an issue? redqueen Dec 2019 #17
Interesting. nt jalan48 Dec 2019 #7
The fact remains that of the 216 "billionaires" identified, not a single one.... George II Dec 2019 #8
Nothing abut is is "flawed" or misleading Bradshaw3 Dec 2019 #11
That isn't addressed in the OP or the Forbes study. This OP is about billionaires that are listed.. George II Dec 2019 #13
And you're trying to make out like that's all they can give Bradshaw3 Dec 2019 #16
Blah blah blah.. Amimnoch Dec 2019 #18
 

brutus smith

(685 posts)
1. Joe is the choice for the status quo which benefits billionaires.
Sun Dec 15, 2019, 11:51 AM
Dec 2019
If I were to vote in a presidential
primary today, I would vote for:
Undecided
 

crazytown

(7,277 posts)
3. "Joe is the choice for the status quo" unless Bloomberg passes him.
Sun Dec 15, 2019, 11:54 AM
Dec 2019

Money trusts it's own.

If I were to vote in a presidential
primary today, I would vote for:
Undecided
 

crazytown

(7,277 posts)
2. Do the identities of the bundlers need to be disclosed? eom
Sun Dec 15, 2019, 11:52 AM
Dec 2019
If I were to vote in a presidential
primary today, I would vote for:
Undecided
 

comradebillyboy

(10,178 posts)
5. I'm glad those billionaires are supporting Democrats. I wish more were.
Sun Dec 15, 2019, 12:01 PM
Dec 2019

I don't shit on people who want to help my cause just because they are rich. I don't turn away useful allies.

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden
 

Bradshaw3

(7,533 posts)
6. Except they are the ones doing the using
Sun Dec 15, 2019, 12:07 PM
Dec 2019

Just because they give to Democrats dones't mean they are in favor of policies benefitting the middle and lower classes. Some if not many are just hedging their bets, making sure they have their usual outsized seats at the table, regardless of what party is in charge. We've seen way too much of that already and it's naive to believe they all share Democratic values, or the kinds of policies that will address the economic inequalities that are strangling this country.

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden
 

George II

(67,782 posts)
9. So regardless of whether they're billionaires, millionaires (funny we don't talk about them anymore)
Sun Dec 15, 2019, 12:25 PM
Dec 2019

...teachers, laborers, clerical workers, etc., not a single one can give more than $2,800.

How much influence can $2,800 buy with a candidate that has received $40-50 million so far?

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden
 

Bradshaw3

(7,533 posts)
10. They can give to dark money groups
Sun Dec 15, 2019, 01:07 PM
Dec 2019

If they can't buy influence why are they showing up to closed door fund riasers like the ones hosted by Biden? Why do they get access to the WH others don't? It is either extremely naive or willful ignorance to think they dont have outsized influence. History clearly shows they do. The real queston is why some try to obscure that fact, or pretend that moeny doesn't buy infuence. Perhaps they know the truth about their chosen candidate but don't want others to know.

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden
 

redqueen

(115,103 posts)
12. It really is weird to see this influence downplayed here.
Sun Dec 15, 2019, 01:16 PM
Dec 2019

This is one of the things that drives people away from the party, and feeds the both-sides-do-it narrative.

If I were to vote in a presidential
primary today, I would vote for:
Undecided
 

Bradshaw3

(7,533 posts)
15. Right, and it will feed that narrative because there is some smoke there
Sun Dec 15, 2019, 03:46 PM
Dec 2019

It used to be that for Democrats large donors and dark money were a bad thing. In 2020, for some along with healthcare reform and other issues, not so much. If we could dig further into why the answer would not be kind to them.

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden
 

highplainsdem

(49,044 posts)
14. Biden's fundraisers are open to the press.
Sun Dec 15, 2019, 01:36 PM
Dec 2019
If I were to vote in a presidential
primary today, I would vote for:
Joe Biden
 

redqueen

(115,103 posts)
17. So why aren't Buttigieg's closed door ones more of an issue?
Sun Dec 15, 2019, 03:56 PM
Dec 2019

Someone here said that were traditional - are they?

If I were to vote in a presidential
primary today, I would vote for:
Undecided
 

George II

(67,782 posts)
8. The fact remains that of the 216 "billionaires" identified, not a single one....
Sun Dec 15, 2019, 12:19 PM
Dec 2019

....can contribute more than $2,800.

The 13 remaining candidates have received $276,000,000 in contributions, only $604,800 from "billionaires", two-tenths of one percent.

On the other hand, the fallacy of this study is that the names, addresses, occupations, employers, and amount given is only known about 47% of ALL individual contributions. More than half of all individual contributions are "unitemized", no one knows anything about those contributors.

So, it's a flawed study that has drawn a misleading conclusion.

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden
 

Bradshaw3

(7,533 posts)
11. Nothing abut is is "flawed" or misleading
Sun Dec 15, 2019, 01:10 PM
Dec 2019

What is misleading is to pretend that a contribution of $2800 is all they can provide monetarily (there are other avenues to fund campaigns as you probably know but don't mention for obvious reasons) and to provide cover for those who have outsizied influence. Only misleading here is by you.

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden
 

George II

(67,782 posts)
13. That isn't addressed in the OP or the Forbes study. This OP is about billionaires that are listed..
Sun Dec 15, 2019, 01:19 PM
Dec 2019

...in the FEC filings of the various candidates. And as I noted, more than half the contributions aren't even itemized so Forbes nor anyone else knows who those people are.

Here's the % of individual contributions that are not itemized by the candidates and the value of un-itemized contributions:

Sanders 70% 42,800,000
Warren 64% 32,000,000
Buttigieg 47% 24,400,000
Biden 35% 13,200,000
Yang 67% 10,000,000
Klobuchar 40% 5,500,000
Castro 66% 5,000,000
Booker 28% 4,300,000
Williamson 62% 3,800,000
Gabbard 26% 2,300,000
Bennet 35% 1,700,000
Steyer 73% 1,500,000
Delaney 13% 300,000

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden
 

Bradshaw3

(7,533 posts)
16. And you're trying to make out like that's all they can give
Sun Dec 15, 2019, 03:54 PM
Dec 2019

The Kochs spent almost $900 million to repubs and Adelson and his wife gave 10s of millions to drumpf. Yeah but keep pretending that the billionaires can "only" give $2800.

Here's some facts and analysis on the influence of big donors:

The fat cats "have given millions on the record, but many of them have also probably given an unknown amount of “dark money” to organizations that can avoid disclosure due to a complex regulatory situation and murky definitions of “political” activity."


“Donors get their phone calls answered, is one way of thinking about it,” says Ian Vandewalker, a senior counsel at the Brennan Center for Justice. “We like to think of our democracy as being one person, one vote – the majority rules. But just being rich and being able to write million-dollar checks gets you influence over elected officials that’s far greater than the average person.”

https://www.theguardian.com/us-news/2018/nov/02/midterm-spending-top-political-donors-sheldon-adelson

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden
 

Amimnoch

(4,558 posts)
18. Blah blah blah..
Sun Dec 15, 2019, 04:13 PM
Dec 2019

It is quite pathetic that we attack our own who take advantage of legal sources of campaign support.

Really, are those who refuse support so pathetic and shallow that if they accept money that they are compromised?

Yes, if there’s any kind of agreement, spoken or implied of a quid pro quo for campaign support, there’s a problem.

I guess I project my own values onto the candidates that I support. I can 100% say without a shred of doubt that were I in the position of running, I would accept contributions from all viable, and legal sources. I can also 100% say, without hesitation, that the expectation would be that those contributing to me, be they rich or of modest means, do so because they believe in and support the platform for which I am running; and anyone who even suggested that I “owed” or “would owe” them as a result of their contributions would get a boot in the ass out of my office and reported for their attempt to do so immediately. I’d also use my platform to call them out for their attempts publically.

If I were to vote in a presidential
primary today, I would vote for:
Undecided
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