All while accusing Republicans of raising funds through super-rich donors, Democrats are “trouncing Republicans on fund-raising, fueled by those “big donors” and “special interests” they claim to despise.” In fact, perhaps the only reason for Democrats remaining “competitive in so many close Senate election races despite low incumbent approval ratings is in large part a function of this spending advantage.” The Wall Street Journal,
“After the DSCC, the biggest spender has been Mr. Reid’s very own Senate Majority PAC… Senate Majority PAC can take unlimited donations, which makes it an ideal campaign vehicle for Democratic billionaires. Nearly two-thirds of its $32 million have been contributions of $500,000 or more.
“The populist roll call includes $5 million from fossil fuel investor turned climate change evangelist Tom Steyer, Chicago media magnate Fred Eychaner ($4 million), former New York Mayor Michael Bloomberg ($2.5 million) and hedge-fund founder James Simons ($2 million). Some $6.6 million comes from unions (via coerced dues), and nearly $4 million in $250,000 gifts from the likes of trial lawyers ( Peter Angelos, David Boies ) and tech and media moguls ( Google‘s Eric Schmidt, recording executive Jerry Moss).”