Feature: Election 2012

Quarter 2: Where Presidential Candidates Got Their Money - Page 2

Author: Luke Stanek
Published: October 02, 2011 at 5:45 am
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Wells-Fargo received $25 billion in the bailout. They have only paid back one half of one percent. Moelis and Co. are an investment firm that also profited greatly from the financial crisis, purchasing devalued stock in the midst of the recession.

For candidates that did not raise over 3 million, we have Gary Johnson and Herman Cain.

Gary Johnson's top contributors are: Welcom Products, Ryan LLC, and St. Jude Children's Hospital.

Welcom Products is an American manufacturing company, and Ryan LLC is an American tax firm that supports tax reform.

Four of the top 10 of Herman Cain's contributors (including Cinco Natural Gas at number one) were oil and gas companies.

Michele Bachmann has Koch Industries as one of her top 10, an energy conglomerate that lied 24,000 times about stolen oil from an Indian reservation and had multiple pipeline spills.

(Rick Perry was not yet in the race at the end of the second quarter filing period.)I'll be updating these numbers in October after the FEC filing date, October 15th. I can't wait to see the top contributors for Q3!

 
 

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Article Author: Luke Stanek

Luke Stanek became interested in the ideas of liberty and the free market after the 2008 Presidential Election. Inspired by those promoting liberty, Luke began to write letters to the editor of local newspapers. …

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