WaPo’s Selective Lobbyist Memory
The Washington Post’s Dan Eggan reported on April 25th:
Many top Wall Street firms, including J.P. Morgan Chase and beleaguered Goldman Sachs, have also ramped up campaign contributions to Republican lawmakers who have united to oppose the bill.
Although Obama and other Democrats held the edge on Wall Street fundraising during the 2008 election cycle, the political action committees for major banks and financial services companies have dramatically shifted their giving toward Republicans in recent months, data show. Goldman’s PAC, for example, gave almost $300,000 to candidates and parties in March, nearly two-thirds of which went to the GOP.
This is a very selective history. Here are some more facts Eggan left out. Goldman Sachs alone has given nearly $900,000 since January 2009 to congressional candidates, and according to the non-partisan Center for Responsive Politics, 69% of the firm’s contributions went to Democrats while 31% went to Republicans.
All told CRP reports that the Securities and Investment sector has given over $20 million to Democrats with over 60% of that money going to Democrats in this 2010 cycle.