March 13, 2009

Look at What Well-Known Investment Firm Contributed to the DNC and Democrats and NOT Republicans in 2006 and 2008

Filed under: Economy,Taxes & Government — Tom @ 3:14 pm

Here’s something I learned while putting together this morning’s post about the withdrawal of H. Rodgin Cohen as President Barack Obama’s No. 2 at Treasury.

I noted that Cohen’s law firm, Sullivan and Cromwell, gave over $240,000 to the Democratic National Committee in the 2008 election cycle. That means that the law/lobbying firm was the ninth-largest giver to the DNC in its category. behind five financial services firms, Time Warner, National Amusements, and two other law firms. Big-name law firm Latham & Watkins was Number 11.

You won’t believe who was Number 12:

DNCtop12corpDonors2008.jpg

Imagine that.

Bain, the “former” (uh-huh; see Flashback below) investment firm of 2008 GOP presidential candidate Mitt Romney, does not make the top of the RNC list. A comprehensive search of Bain at OpenSecrets.org reveals that it is not on the RNC list at all, or on the list of any Republican candidate:

BainDsContributingList2006adn2008.jpg

Those attending tea parties this weekend need to consider who really is partying with them, and who is only pretending to.

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Flashback: From this August 2008 BizzyBlog post

per the New York Times in June 2007, not disputed by Romney, “….. Romney ….. remains an investor in Bain Capital” (in fact, the article was heavily excerpted at Romney’s website when he was a candidate).

Romney’s last Personal Financial Disclosure Statement for 2007 showed substantial investments in Bain partnerships and joint ventures.

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