September 7, 2016

WHEN THE PUBLIC INTEREST BEATS SELF-INTEREST:

Mitt Romney's Rich Backers Turn to Hillary Clinton (Alec MacGillis, 09.07.16, Daily Beast)

One might reasonably expect Clinton's campaign contributions from private equity to suffer as a result of her stance, and for the money to flow overwhelmingly to the Republicans, as it did in the last presidential election.

That hasn't happened. In fact, Clinton is receiving all of the industry's support.

As of the end of July, the executives and employees of the four biggest private equity firms--the Blackstone Group, Carlyle Group, KKR, and Apollo Global Management--had given her campaign a combined $182,295 in direct contributions, according to the database compiled by the Center for Responsive Politics.

Their combined contributions to her opponent's campaign? Zero. Not a cent.

The reason for this swing, of course, is that Clinton's opponent is not just any Republican, but Donald J. Trump.

Posted by at September 7, 2016 2:41 PM

  

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