Monday, July 05, 2010

Big Money leaves the dems

What goes around comes around..........

A perfect storm of events — the recession, Wall Street anger at Washington, donors who feel ignored by the White House and interest group dissatisfaction — has Democrats bracing for a brutal fundraising period and fearful of losing dominance in longtime donor stronghold and megarich New York.

While the exact quarterly figures won’t be known until after the July 15 filing deadline, a number of Democratic campaign insiders said the past few months were a mighty struggle to raise cash for candidates.

It's a humbling moment for Democratic moneymakers in the richest city in the world, an uncomfortable and unfamiliar position for New York fundraisers after a long ride on the gravy train. Beyond a free-flowing financial market that managed to rebound after the Sept. 11 terror attacks, there were 16 flush years of having a Clinton family member in a position of power and working the Big Apple donor base hard.


But hey, aren't these guys for the little guy?

More.........

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