Democrats took a thumping in the 2014 midterm elections. And though Harry Reid and many of his colleagues actually campaigned against the influence of money in politics, a POLITICO report reveals (not surprisingly) that Democrats were the recipients of millions in campaign contributions from wealthy businessmen.
Kenneth Vogel writes:
Donors who gave exclusively or primarily to Democratic candidates and groups held down 52 of the top 100 spots — including by far the biggest donor of disclosed 2014 cash: retired San Francisco hedge fund billionaire Tom Steyer.
He donated more than $74 million to Democratic candidates and supportive committees, but it was the way he gave that highlighted both the potential impact and the limitations of the new breed of mega-donor to shape elections.