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Saturday, July 13, 2024

Democrats bank on fatcat lobbyists


The Democratic Party‘s 2010 congressional election campaign is looking to an elite group of lobbyists for bundled political contributions worth hundreds of thousands of dollars, according to a study released on Monday.

The study by the non-partisan watchdog Center for Public Integrity found that four of the five biggest bundlers of campaign contributions among lobbyists were Democrats who raised a combined $1 million for the Democratic Congressional Campaign Committee alone.

Other beneficiaries were the Democratic Senatorial Campaign Committee, Senate Majority Leader Harry Reid, House Speaker Nancy Pelosi and New York Senator Charles Schumer, the study showed.

Bundlers, who collect large aggregate sums of individual contributions for candidates, national party committees and political action committees, play a major role on the U.S. political landscape, particularly during presidential campaigns.

But only since February 2009 have campaign committees had to disclose their top lobbyist bundlers in filings listed in a Senate database.

All 435 members of the House of Representatives and 36 of the Senate’s 100 seats are up for election in November, with Democratic control of both chambers at risk.

The Center for Public Integrity found fundraising records for only 96 of the 14,847 registered federal lobbyists. They raised a combined $6 million in contributions for 63 candidates, PACs and party committees from February through December 2009.

The biggest bundler was Texas Democrat Ben Barnes, who raised $641,950 for the DCCC or more than 70 percent of the campaign committee’s total bundled donations between July and December.

Anthony Podesta, brother of former White House Chief of Staff John Podesta, was the second biggest bundler with $394,900 that included donations to the party’s House and Senate campaign committees as well as Reid and fellow Senate Democrat Patty Murray.

The only Republican lobbyist to break into the top five was former Senate aide Frederick Baird, who raised $210,300 for the National Republican Senatorial Campaign Committee, House Republican Jeb Hensarling and Senate Republicans Tom Coburn and Jim DeMint.

President Barack Obama relied heavily on bundlers during his 2008 White House campaign, with nearly 50 fundraisers collecting at least $500,000 apiece from friends, colleagues and other sources, according to another nonpartisan watchdog, the Center for Responsive Politics. Obama’s biggest bundled contributions came from the legal, securities and entertainment industries.

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3 thoughts on “Democrats bank on fatcat lobbyists”

  1. The article said he is a Dem… he is still Speaker or Lt Gov?

    NO?, guess he’s just a lobbyist.

    And what do they do? … raise money to give to politicians to get laws, regulations, and contracts favorable to their clients.

  2. Really, Ben Barnes is just “a lobbyist”? Implying that he raises money to give to politicians so he can get laws, regulations, and contracts favorable to his clients.

    Don’t you think maybe the former Speaker of the House and Lt. Governer of Texas could be raising money for Democrats because he is a Democrat?

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