Wall Street is backing Democrats for the first time in a decade
There's still a week to go before the midterm elections, but Wall Street has already voted -- with its campaign contributions.
The securities and finance industry has backed Democratic congressional candidates 63 percent to 37 percent, according to data compiled by the Center for Responsive Politics. Democratic candidates and political action committees have received $56.8 million, compared to Republicans' $33.4 million. (The data cover the current electoral cycle through Sept. 30.)
It's the first time in a decade that the securities industry has given more to Democrats than Republicans. The broader sector of finance, insurance and real estate is following a similar pattern. Its firms have given $174 million to Democratic candidates against $157 million to Republicans.
"When Wall Street, or any industry, is giving money to politicians, they're often giving in hopes of gaining influence with legislators," said Michael Beckel, research manager at Issue One, a nonprofit that works to reduce money in politics.
https://www.msn.com/en-us/money/markets/wall-street-is-backing-democrats-for-the-first-time-in-a-decade/ar-BBPbwmO?li=BBnb7Kz
No surprise I guess considering Trump's stance on trade. I just wonder how long it will be before the purity types start calling those democrats who accept these donations sellouts.
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drumpf & PUtin enablers that these "perfect" people are. 