iBankCoin
Joined Dec 2, 2009
97 Blog Posts

GS and GE employees are being very devious…and I like it.

Four years ago, employees of New York-based Goldman gave three-fourths of their campaign donations to Democratic candidates and committees, including presidential nominee Barack Obama. This time, they’re showering 70 percent of their contributions on Republicans.

That’s the biggest switch among the 25 companies whose employees have given the most to candidates and parties since 1989, according to data through June 30 compiled by Bloomberg from the Center for Responsive Politics, a Washington-based research group that tracks campaign donations. Goldman isn’t alone; 13 of the companies’ employees are now giving more to Republicans after backing Democrats four years ago.

“A switch in party preference of this magnitude is virtually unheard of among major companies with an established presence in Washington,” said Rogan Kersh, provost at Wake Forest University in Winston-Salem, North Carolina.

Employees of General Electric Co. (GE) are giving 63 percent of their contributions to Republicans this year, almost a mirror image of their distribution in 2008 when Democrats received 66 percent of their donations.

“GE employees contribute personal funds to any candidate they choose,” said Lindsay Lorraine, a company spokeswoman

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5 comments

  1. Dantheman

    How the “f” does the Fox Network have a poll that shows 0bama up 11%?

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  2. DMG

    Romney should pick Mark Levin as his VP.

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  3. Yogi and Boo Boo
    Yogi and Boo Boo

    Like Jenna Jameson sez, “If you’re rich, Mittens gonna scratch your itch.” Or something like that…

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  4. vking

    0bama Sucks!

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