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Tuesday, April 20, 2010
WILL OBAMA RETURN $994,795 IN GOLDMAN SACHS CAMPAIGN CONTRIBUTIONS?
This table lists the top donors to this candidate in the 2008 election cycle. The organizations themselves did not donate , rather the money came from the organization's PAC, its individual members or employees or owners, and those individuals' immediate families. Organization totals include subsidiaries and affiliates.
Because of contribution limits, organizations that bundle together many individual contributions are often among the top donors to presidential candidates. These contributions can come from the organization's members or employees (and their families). The organization may support one candidate, or hedge its bets by supporting multiple candidates. Groups with national networks of donors - like EMILY's List and Club for Growth - make for particularly big bundlers.
University of California $1,591,395
Goldman Sachs $994,795
Harvard University $854,747
Microsoft Corp $833,617
Google Inc $803,436
Citigroup Inc $701,290
JPMorgan Chase & Co $695,132
Time Warner $590,084
Sidley Austin LLP $588,598
Stanford University $586,557
National Amusements Inc $551,683
UBS AG $543,219
Wilmerhale Llp $542,618
Skadden, Arps et al $530,839
IBM Corp $528,822
Columbia University $528,302
Morgan Stanley $514,881
General Electric $499,130
US Government $494,820
Latham & Watkins $493,835
Percent of Contributions Coded
Coded $284,930,288 (73%)
Uncoded $103,353,467 (27%)
Total $388,283,755
Goldman Sachs
Goldman Sachs, one of Wall Street’s most prestigious investment banks, was also among the many banks in 2008 and 2009 to receive billions of dollars in taxpayer money to help it stay afloat. Like others in the securities industry, Goldman Sachs advises and invests in nearly every industry affected by federal legislation. The firm closely monitors issues including economic policy, trade and nearly all legislation that governs the financial sector. It has been a major proponent of privatizing Social Security as well as legislation that would essentially deregulate the investment banking/securities industry. The firm tends to give most of its money to Democrats. A number of high-ranking government officials in recent years have spent part of their careers at Goldman Sachs.
Cycle Total Democrats Republicans % to Dems % to Repubs Individuals PACs
Soft Indivs) Soft (Orgs)
2010 $693,675 $476,375 $217,300 69% 31% $551,775 $141,900 $0 $0
2008 $5,934,089 $4,463,788 $1,459,961 75% 25% $5,184,089 $750,000 $0 $0
2006 $3,495,866 $2,185,461 $1,276,455 63% 37% $2,972,616 $523,250 $0 $0
2004 $6,411,038 $3,956,253 $2,436,285 62% 38% $5,890,327 $520,711 $0 $0
2002 $3,487,835 $2,292,040 $1,194,795 66% 34% $1,364,300 $581,000 $1,542,535 $0
2000 $4,431,977 $2,763,185 $1,662,292 62% 38% $2,985,054 $433,573 $953,350 $60,000
1998 $1,938,166 $1,225,252 $683,914 63% 35% $823,478 $299,483 $756,955 $58,250
1996 $1,816,563 $997,747 $816,316 55% 45% $973,238 $187,250 $624,435 $31,640
1994 $1,026,235 $562,760 $462,675 55% 45% $714,905 $190,500 $80,830 $40,000
1992 $1,659,310 $908,295 $750,515 55% 45% $1,073,432 $235,558 $261,600 $88,720
1990 $717,621 $473,716 $243,905 66% 34% $508,321 $209,300 N/A N/A
TOTAL $31,612,375 $20,304,872 $11,204,413 64% 35% $23,041,535 $4,219,705$4,072,525 $278,610
The numbers on this page are based on contributions of $200 or more from PACs and individuals to federal candidates and from PAC, individual and soft money donors to political parties, as reported to the Federal Election Commission. While election cycles are shown in charts as 1996, 1998, 2000 etc. they actually represent two-year periods. For example, the 2002 election cycle runs from January 1, 2001 to December 31, 2002. NOTE: Soft money contributions were not publicly disclosed until the 1991-92 election cycle and were banned after the 2002 cycle.
Data for the current election cycle was released by the Federal Election Commission on March 21, 2010.
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