Bain and Financial Industry Gave Over $565,000 To Newark Mayor Cory Booker For 2002 Campaign

[democracy1st]

A ThinkProgress examination of New Jersey campaign finance records for Booker’s first run for Mayor — back in 2002 — suggests a possible reason for his unease with attacks on Bain Capital and venture capital. They were among his earliest and most generous backers.

Contributions to his 2002 campaign from venture capitalists, investors, and big Wall Street bankers brought him more than $115,000 for his 2002 campaign. Among those contributing to his campaign were John Connaughton ($2,000), Steve Pagliuca ($2,200), Jonathan Lavine ($1,000) — all of Bain Capital. While the forms are not totally clear, it appears the campaign raised less than $800,000 total, making this a significant percentage.

http://thinkprogress.org/election/2012/05/21/488002/bain-financial-industy-gave-over-565000-to-newark-mayor-cory-booker-for-2002-campaign/

[bloomington-lib]

1. There it is

[MrSlayer]

2. Serve your masters well.

And you will be rewarded. We must get money out of politics but we never will. I think it's fair to say that the grand experiment is over and has been for a long time.

[RobertEarl]

3. This is a surprise?

That he is a capitalist pig is a shock?

[Laurian]

4. Well damn, that about says it all.

[whathehell]

5. With that history, maybe the Prez should have known better than to make him a "surrogate".

Just sayin...

[ELI BOY 1950]

15. maybe not

i , for one thought Booker was one of us...i was wrong like many other democrats...with that said...he is done in our party...as rachel says "lean forward"
no more cory bookers...he is in it for himself , not the party

[whathehell]

17. That's true...It seems Cory Booker took a LOT of people by surprise.

What a schmuck -- and you can add Ed Rendell, DiFi and that word

can be applied to whatever other phoney, sabotaging dems you can think of.

[bonniebgood]

6. THE LOVE OF MONEY IS THE ROOT OF ALL EVIL

It's shame how money can steal ones soul.

[sad sally]

16. Seems to get ahold of the best of 'em.

In The Audacity of Hope, President Obama himself explained why this matters (h/t The Ox):

"Increasingly I found myself spending time with people of means – law firm partners and investment bankers, hedge fund managers and venture capitalists. … As a rule, they were smart, interesting people, knowledgeable about public policy, liberal in their politics, expecting nothing more than a hearing of their opinions in exchange for their checks. But they reflected, almost uniformly, the perspectives of their class: the top 1 percent or so of the income scale that can afford to write a $2,000 check to a political candidate. … They had no patience with protectionism, found unions troublesome, and were not particularly sympathetic to those whose lives were upended by the movements of global capital. … I know that as a consequence of my fundraising I became more like the wealthy donors I met."

Here are the all-time leaders in receiving campaign contributions from the securities and investment industry, including the employees of organizations within the industry, their family members, and their political action committees, through the end of 2011 (h/t Vox Vocis res Publica):

[DeSwiss]

7. Bought.....

...and paid for.

- I am so sick of the stench of these bastards......

K&R

[hifiguy]

11. Great quote!!

Dr. West gets it.

[Overseas]

8. Sad K&R.

[bupkus]

9. The last thing Newark NJ needs is another prostitute

But it looks like that's exactly what they got, and right in the top office at City Hall no less.

[MrScorpio]

10. All he had to do was keep his mouth shut

But he had to go open a can of worms.

Anyone taking this fact to his face? I haven't been watching TV.

[SunSeeker]

12. So, 71% of his money comes from private equity?!

I'm shocked, SHOCKED, I tell you.

[Uncle Joe]

13. Kicked and recommended.

Thanks for the thread democracy1st.

[emulatorloo]

14. Kick and Rec