General Discussion

RiverLover

(7,830 posts) Sat Dec 13, 2014, 08:48 AM Dec 2014

Democrats who voted 'YES' have received twice as much $$ from finance industry as the ‘NO’ voters

Democrats who voted for the CRomnibus have received twice as much money from the finance industry as the ‘no’ voters
12/12/14

We'll start with the thing that will catch your attention, as is the way: Democrats who voted for the giant spending bill on Thursday night received, on average, twice the campaign contributions from the finance/insurance/real estate industry as their colleagues who voted against it.

Debate over the bill, you'll remember, ended up being centered on the repeal of a restriction on big banks imposed after the financial collapse that led to the recession.

The vote in the House -- which ended up being far narrower than the White House would have liked -- resulted in an interesting geographic split. Here's how it looked~

http://www.washingtonpost.com/wp-apps/imrs.php?src=

Democrats in conservative areas (the South, upstate New York) voted for the bill. Republicans in conservative areas ... didn't. That doesn't hold true universally, but it's striking to see Kansas and Texas and Louisiana have so much of that lighter red color, showing Republicans who bucked Speaker John Boehner (R-Ohio) and opposed the measure. (The black areas are districts whose representatives didn't vote.)

We cross-referenced the vote with data from the Center for Responsive Politics on how much each member had received in campaign contributions from the finance/insurance/real estate industries. This isn't only from PACs affiliated with those industries, we'll note; it also includes employees of firms in those industries. On average, members of Congress who voted yes received $322,000 from those industries. Those who voted no? $162,000.

Here's the split by party....

http://www.washingtonpost.com/blogs/the-fix/wp/2014/12/12/democrats-who-voted-for-the-spending-bill-have-received-twice-as-much-money-from-the-finance-industry-as-the-no-voters/