We searched Goldman Sachs on Mitt Romney’s latest 5,000+ page campaign disclosure form and it took about 15 long minutes for the search to complete.
That’s because, as Bloomberg reports, Goldman Sachs employees and their families have given almost half a million dollars to the Romney campaign. Most of the donations we saw from this disclosure (which goes back to October) were for $2,500, the most a person can give to an individual candidate (yes, there are loopholes but that’s another post).
In fact, 8 of the top 10 donors to Romney’s campaign come from the financial services industry. That’s some definite dollar power, but here’s the rub: In total, Romney raised $57 million last year, Obama, on the other hand, raised $58.5 million from donations of $200 or less alone.
These small donors can give more money as the campaign heats up and gets nastier between the two candidates (Obama, and likely Romney) which is great for Obama. It’s also worth noting that Obama does not use donations collected by registered lobbyists. Romney, on the other hand, used 14, one of them being Goldman’s Joseph Wall who raised more than $30,399.
But to be fair, if Romney is confirmed as the Republican nominee, he’ll probably see a flood of cash come his way. However, those who’ve given the maximum donation (like many of these Goldmanites) will have to get creative by giving to the Republican National Committee or a Super PAC. FYI: According to Politico, Romney’s Super PAC raised more money than his campaign did—$23.6 million as opposed to $20 million.
Let the games begin.
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