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Big-Money Donors Spending Big Money to Elect Senate Democrats
Sep 22, 2018 07:24:49   #
Bad Bob Loc: Virginia
 
https://www.politicususa.com/2018/09/21/big-money-donors-spending-big-money-to-elect-senate-democrats.html

Wealthy donors — including one prominent Republican — gave over $17 million in August to the main Democratic Senate super PAC. This is a clear sign that many people believe Democrats have a chance to win control of the U.S. Senate as well as the House of Representatives. And they are putting their money where their mouths are.
According to the Washington Post:inRead invented by Teads
“The Senate Majority PAC, which works to elect Democrats to the Senate, posted a strong haul in August at $17.6 million, far above its monthly fundraising average of $10.5 million so far for the midterms. The super PAC has raised $94.4 million so far, compared with the $61.5 million by its GOP counterpart, according to new Federal E******n Commission records posted Thursday evening.”
A hedge fund billionaire from Boston named Seth Klarman, who was once the biggest GOP donor in New England, was one of the biggest contributors to the Democratic Senate PAC last month. FEC records show that Klarman gave $1 million to the Senate Majority PAC and $2 million to the super PAC supporting House Democrats last month alone.
Klarman has been living up to his pledge earlier in the year to spend up to $20 million to support Democrats in this year’s crucial e******ns. By way of contrast Klarman gave “just” $2.9 million to super PACs in 2016, mostly to Republican candidates.
Klarman recently told a New York Times columnist that he has switched parties because he feels “betrayed” by “spineless” Republicans. He said that Republican leaders in Washington have largely been “profiles in cowardice.”
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