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Major Democratic donors shift donations to the right

Harshaw

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http://www.rawstory.com/rs/2010/09/major-democratic-donors-shift-donations/

Polls are one thing; it doesn't cost anyone anything to answer a question.

But donors put money down on which way they think things are going to go, and they don't do so lightly:

Major political action committees and employees of the nation's largest business empires have dramatically shifted their money to the right. A detailed analysis of 2010 campaign cycle contributions by the Houston Chronicle shows that Republicans are catching up with Senate Democrats in campaign fundraising. Donations to the Sen. Chuck Schumer (D-NY)-led Senate Democratic Campaign Committee (DSCC) have dropped 25 percent this year alone.

"Employees of 126 businesses that had donated money to Senate Democrats in the 2008 campaign have switched all or most of their 2010 contributions to the Republicans, according to an analysis of Federal Election Commission reports by the Houston Chronicle," Stewart Powell and Yang Wang report.
And

But even the firm controlled by the brother of Clinton's former chief of staff is shifting their donations in a conservative direction.

"Tony Podesta is one of the best-connected rainmakers in the nation's capital, with a web of personal contacts stretching back 42 years and six Democratic presidential candidates. His brother John was Bill Clinton's White House chief of staff and an adviser on President Barack Obama's transition team," the Chronicle reporters note. "But in an uncharacteristic twist this year, people at Tony Podesta's powerhouse lobbying firm have chosen to donate $32,000 to the National Republican Senatorial Committee to help its chairman, Sen. John Cornyn of Texas, wrest control of the Senate from the Democrats."

Cornyn and his allies have convinced a quarter of the 478 active political action committees that gave to the DSCC in 2008 to cut or eliminate donations to Democrats this year.
 
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