Ever since I can remember as a child, which was a long time ago, Big Money has always been associated with the Republican Party while the Democrat Party has been touted as the party of the poor and working class. These themes have been heavily promoted in the past few years and especially in the growing Occupy everywhere movement.
But is that really the case? Is Big Money still predominantly Republican?
If you have been watching the presidential races, President Obama has raised more campaign funds than all of the Republican candidates combined. With all of the polls showing Obama’s approval ratings being the lowest ever and that he will likely lose to a strong Republican opponent, one has to wonder from where all of the money is coming from.
From January through May of this year, the Democratic National Committee raised $11 million from contributors who donated $30,000 or more. During the same time frame, the Republican National Committee raised a mere $3 million from donations of $30,000 or more.
One possible reason for the difference in fund raising could be due to the Republican field having so many different candidates. If this were true, then you would expect the total for all Republican candidates to be at least close to the amount Obama has raised, but that does not seem to be the case. Additionally, the RNC still has $14.5 million debt from the 2008 campaigns that it is trying to pay off, while the DNC has no such debt to pay off.
It’s already common knowledge that two of the wealthiest men in America, Warren Buffett and George Soros are strong Obama supporters. These two men own and control billions of dollars and have a strong influence on a number of other wealthy individuals. They are just the tip of the wealthy iceberg supporting Obama and Democratic Party.
While it seems obvious that Big Money may be more Democrat oriented than everyone is led to believe, Obama and his Big Money people want it that way. As long as they can make the public believe that Big Money is Republican and that they are behind all of the economic woes of the nation, it will help them place blame on others for what they are doing to the American people.
The Democrats continue to support and endorse the Occupy Wall Street movement who is blaming Big Money and Republicans for everything while the Democrats are the real Big Money people responsible.