Campaign contributors 2016: Politicians famously fail to follow through on their campaign promises once elected. Just look at the track record of our current leadership…
U.S. President Barack Obama has kept less than half (45%) the promises he made during the 2008 and 2012 presidential cycles, according to PolitiFact. He has broken 22% of promises and compromised on 25%.
Meanwhile, GOP members in Congress have delivered on only 38% of their 2010 campaign pledges. At 32%, they have broken almost as many, and compromised on 30%.
Contenders in the 2016 presidential election will likely follow the trend. That’s why it’s important to “follow the money” – the massive donations pouring in from 2016’s biggest campaign contributors. Cash flow can be a much better indicator of politicians’ true agenda than their actual words.
For instance, we raised our eyebrows last week when Hillary Clinton came out with plans to crack down on Wall Street. Her donor roster reveals she is backed by several Wall Street bad actors – such as her all-time top career campaign donor Citigroup Inc. (NYSE: C). The firm has given Clinton a whopping $782,327 since 1989, and counting.
Yet Citigroup is one of the firms responsible for the 2008 financial crisis – the type of activity that Clinton would surely want to “crack down” on. The firm was ordered to pay out a $7 billion settlement by the U.S. Department of Justice on July 14, 2014, for selling bad mortgage-backed securitizations.
You can bet favors will be owed to the big businesses and sectors that helped secure the winner’s office. So using unbiased FEC data compiled by Opensecrets.org through July 21, we have identified the top campaign contributors to each of the 2016 presidential candidates, by company and by industry…
List of Biggest Campaign Contributors by Company and Industry
Stay tuned to Money Morning for more on the 2016 presidential election. You can follow us on Twitter @moneymorning or like us on Facebook.
Presidential Politics in Hollywood: The race is on for 2016 presidential candidates. A wide field of 21 hopefuls – 15 Republicans and six Democrats – are busy vying for campaign donations, and a few big-name Hollywood celebrities have already picked their candidate favorites. Here are ten celebrities that are already major presidential campaign donors this year…
Related Articles:
- PolitiFact: Tracking Politicians’ Promises
- OpenSecrets.org : Campaign Contributors 2016 Donor Lookup
About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.To get full access to all Money Morning content, click here.
Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
