Many wealthy Democratic patrons, who in the past have played major roles financing outside groups to help elect the party's candidates, are sitting out these crucial midterm elections.
Democratic donors like George Soros and fellow billionaire Peter Lewis, who each gave more than $20 million to Democratic-oriented groups in the 2004 election, appear to be holding back.
"Mr. Soros believes that he can be most effective by funding groups that promote progressive policy outcomes in areas such as health care, the environment and foreign policy," said an adviser, Michael Vachon. "So he has opted to fund those activities."
The absence of these Democratic megadonors is contributing to a huge disparity in spending between pro-Republican and pro-Democratic groups. The groups wield huge influence in many House and Senate races because they can take in contributions of unlimited size.
The donors' reluctance stems from a variety of factors, including pessimism about the party's prospects in November but also President Barack Obama's strong condemnations of this kind of independent
activity, both during the 2008 campaign and after he was elected.
Vachon said Soros, who was also a big donor in 2006 and to a lesser extent in 2008, had been more focused on pushing to get the policy outcomes he wants. He gave $5 million each last year to organizations advocating for the health care overhaul and the climate change bill, Vachon said. He also contributed $1.25 million this year to America Votes, an umbrella organization for a variety of liberal-leaning groups, which focuses on the voter mobilization that Soros has supported.
see link for full article:
Which once again proves that the Republicans and the Tea Party are for more corporate exploitation and war. That's why corps support you.Originally Posted by Trinnity