Democrats rake in the lion’s share of Bain Capital’s cash

The denunciation of  the Obama campaign’s effort to tar Bain Capital as a “vampire” capitalist firm in its bid to undermine Mitt Romney with voters by prominent Democratic politicians could have a lot to do with the old saying that you don’t bite the hand that feeds.

According to the Sunlight Foundation, Bain Capital has given an average of 69 percent its campaign cash to Democrats over the past decade.

And despite Romney’s place at the top of the GOP ticket this year, Bain still has given 70 percent of all of its campaign donations to Democratic candidates and campaign committees.

The Democratic National Committee  has received $154,000 and the Democratic Congressional Campaign Committee has received $130,800 from Bain Capital despite the attacks on the firm. And since 2004, the DNC has received a total of just under $690,000 in donations from Bain Capital.

And President Obama ranked second after Mitt Romney in 2008 in terms of Bain’s campaign largesse, receiving $95,270 in donations. Obama ranks third overall this year in terms of Bain Capital’s political donations, receiving $39,778.

Bain Capital has given heavily over the years to prominent Democrats such as 2004 Democratic presidential nominee Sen. John Kerry, Sen. Al Franken, the late Sen. Ted Kennedy, former DNC Chairman Tim Kaine , former Rep. Harold Ford, who defended the firm in the wake of the Obama campaign’s “Vampire” ad , and Secretary of State Hillary Clinton among others.

In the 2000 election cycle, Clinton was the single largest recipient  of Bain donations, exceeding what it gave to George W. Bush’s campaign.

About John Rossomando

John Rossomando is Red Alert Politics' Senior Political Correspondent. His work has been featured in numerous publications such as CNSNews.com, The Daily Caller, Human Events, Newsmax, The American Spectator, TownHall.com and Crisis Magazine. He also served as senior managing editor of The Bulletin, a 100,000-circulation daily newspaper in Philadelphia and received the Pennsylvania Associated Press Managing Editors first-place award in 2008 for his reporting.

Comments

  1. Romney is a Vampire in Mormon Clothing… under his leadership, Bain gutted companies, sucking them dry and leaving families in shambles without work or a means to provide for their children. Is this the type of leader we want? Read more about the role of Romney’s blood money in this election and the power of his sacred undergarments at http://dregstudiosart.blogspot.com/2012/05/mitt-romneys-magic-mormon-underwear.html

  2. Rich K says:

    It’s not what Bain does, it’s that Mitt Romney worked for them and the DNC has decided to make them the devil. The Dems don’t care about eating their own as long as they stay in power.

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  1. [...] amid dissension from within the president’s own party – many of whom have been big recipients of Bain cash. And the effort to paint Republicans as engaging in a “war on women” has failed to catch [...]

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