Tuesday, October 23, 2012

A look at who’s funded the election

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Since 2011, securities & investment industry has donated about $18.3 million to Romney's campaign While lawyers are top non-retired backers of President Barack Obama’s campaign, the largest backers of Republican contender Mitt Romney are in the securities and investment industry. Lawyers/law firms have contributed about $22.5 million to Obama’s campaign, while the securities and investment industry has donated about $18.3 million to Romney’s campaign, according to recent data from the Center for Responsive Politics, a nonprofit research group based in Washington. “Clearly, the financial industry thinks that Romney is one of them. He came from their world, he understands it very well, and they believe that he is going to be more sympathetic to their interests,” said Viveca Novak, editorial and communications director at the Center for Responsive Politics. She added that parts of a wide variety of sectors support Obama. “He is not as clearly identified with any one sector as Romney is,” Novak said.

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