It’s Not Just Us Hippies

September 30th, 2010at 07:25am Posted by Eli

The bigshot Democratic supporters are sitting out too:

Democratic donors like George Soros, the bête noire of the right, and his fellow billionaire Peter B. Lewis, who each gave more than $20 million to Democratic-oriented groups in the 2004 election, appear to be holding back so far.

“Mr. Soros believes that he can be most effective by funding groups that promote progressive policy outcomes in areas such as health care, the environment and foreign policy,” said an adviser, Michael Vachon. “So he has opted to fund those activities.”

(…)

For donors, there is certainly an element of fatigue from giving cycle after cycle, as well as an economic squeeze brought on by the recession, the operatives said. But some more ideological donors are also upset that the Obama administration has not been more aggressive in pushing a liberal agenda. Big donors from Wall Street, including hedge fund executives and investment bankers, are also angry at the administration.

Shouldn’t Obama and Biden be scolding them to “get in gear”, or is that kind of bullying and scorn reserved for us commoners?

Entry Filed under: Biden,Democrats,Elections,Obama,Politics


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