In Fine Print, a Proliferation of Large Donors

rayboyusmc

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Jan 2, 2008
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More Campaign finance reform?

The Times examination of donors who wrote checks of $25,000 or more through September found some notable differences in the industries from which Mr. Obama and Mr. McCain drew their largest contributions.

Compared with Mr. Obama, Mr. McCain drew a slightly larger percentage of his big-donor money from the financial industry, about a fifth of his total. The next biggest amount in large checks for Mr. McCain came from real estate and then donors who identified themselves as retired. With his emphasis on offshore drilling, Mr. McCain has also enjoyed heavy support from generous benefactors in the oil and gas industry, a group Mr. Obama drew relatively little from.

After the financial arena, Mr. Obama drew the most in checks of $25,000 or more from retirees and lawyers — Mr. McCain collected significantly less in large donations from lawyers — followed by those in real estate.

Mr. Obama also drew a significant amount from big givers in the entertainment industry, who contributed relatively little to Mr. McCain. In contrast, donations from the private equity and hedge fund industries accounted for a significantly greater amount of the giving from Mr. McCain’s largest donors, compared with Mr. Obama’s.

Certain companies were especially generous to a particular candidate. Three top executives of Merrill Lynch, for example, wrote checks of $28,500 each to Mr. McCain; among them was the chief executive, John A. Thain. A dozen employees at Goldman Sachs wrote checks of $25,000 or more to Mr. Obama.

http://www.nytimes.com/2008/10/21/us/politics/21donate.html?_r=1&hp&oref=slogin
 

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