Big donors don’t make campaign donations over ideoloty, they do so as an investment, and if their investments pay off, the rest of us lose:
The behind-the-scenes competition for Wall Street money in the 2020 presidential race is reaching a fevered peak this week as no less than nine Democrats are holding New York fund-raisers in a span of nine days, racing ahead of a June 30 filing deadline when they must disclose their latest financial hauls.
With millions of dollars on the line, top New York donors are already beginning to pick favorites, and three candidates are generating most of the buzz: former Vice President Joseph R. Biden Jr., Senator Kamala Harris of California and Mayor Pete Buttigieg of South Bend, Ind.
It is, at first blush, an unusual grouping, considering that the mayor of New York City (Bill de Blasio), the state’s junior senator (Kirsten Gillibrand) and a neighboring senator with deep ties to New York’s elite (Cory Booker of New Jersey) are all in the race and vying for their money.
Interviews with two dozen top contributors, fund-raisers and political advisers on Wall Street and beyond revealed that while many are still hedging their bets, those who care most about picking a winner are gravitating toward Mr. Biden and Ms. Harris, while donors are swooning over Mr. Buttigieg enough to open their wallets and bundling networks for him. These dynamics raise the prospect of growing financial advantages for some candidates and closed doors for others.
These people are parasites sucking the marrow out of our economy, and they think that they’ve bought the candidates with their money.
They are right, and the rest of us need to find someone who will work for us, and not for them.