Democrats are the party of the rich and its shows in 2018 campaign contributions

Chriss Street:
The nonpartisan OpenSecrets website that tracks political spending revealed that Wall Street Democrats crushed Main Street Republicans in 2018 midterm fundraising by $385.4 million.

Final campaign filing reports demonstrate that 1,435,474, or about only 1 out of every 221 of America's 321,418,820 residents, made a reportable contribution of $200 or more to a candidate or political action committee in the 2017-2018 federal election cycle. But this tiny 0.45-percent sliver of the American population accounted for $3,825.3 billion, or 71.1 percent of the $5.2 billion in 2017-2018 reportable contributions.

Democrats also beat Republicans in the number of total contributors to their candidates and in every other major category of fat-cat giving.

The concept of individual donors giving to both parties is essentially dead, with only 7,349 donors nationwide giving at least 33 percent of their contributions to candidates from both parties. That works out to about 1 out of every 43,736 Americans.

Democrat candidates received 667,912 reportable contributions totaling $1,642.9 billion. That compares to just 364,109 contributors totaling $1,186.1 billion for Republicans. As a result of 83 percent more contributors, Democrat candidates had a $456.8-million, or 39-percent, funding advantage from individuals over Republican candidates.

Most Democrats ran on a promise to overturn the Supreme Court's 2010 Citizens United free speech decision in order to supposedly keep big money out of politics. But Williams College Political Science professor Darrel Paul commented after analyzing the richest 15 percent of congressional districts, "the big story of the 2018 election is the swing of the rich toward the Democrats."

Paul found that before the 2018 midterms, Democrats held 38- to 28-seat advantage over Republicans in the 15 percent of wealthiest House districts. But after the election, 56 of those 66 richest districts are now held by Democrats. Paul added that wealthy district-flipping contributed to about half of the Democrats' gain of 39 congressional seats and control of the House of Representatives.
Did the rich spend their tax cuts on electing Democrats to reverse them?  I think the disparity in spending was even worse when you consider that several Democrat billionaires spent lavishly in independent expenditures to try to get liberals elected.  Some like Steyer were pushing for candidates to impeach Trump and to push climate control freak policies. 

The Democrats vastly outspent Republicans in the 2016 election too.  That makes the Trump election all the more remarkable.


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