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.

No comments: