Microsoft and Google employees are big-time donors to the Obama campaign, with Microsoft employees and associated groups donating $443,748 so far, and Google employees and associated groups donating $357,382. That's two of the top five employers donating to Obama. By way of contrast, the accumlated donations of no tech companies show up on the top of the Romney campaign.
Here, according to OpenSecrets.org are the companies whose employees have donated most to the Obama campaign:
- University of California $491,868
- Microsoft $443,748
- Google $357,382
- DLA Piper $331,715
- Harvard University $317,516
OpenSecrets.org says the accumulated money for each employer takes into account employee donations, donations of their families, political action committees, and any susidiaries and affiliates.
Here's the list of the top five for the Romney campaign:
- Goldman Sachs $676,080
- JPMorgan Chase & Co. $520,299
- Morgan Stanley $513,647
- Bank of America $510,728
- Credit Suisse Group $427,560
.A quick comparison of the top five contributors for each shows that Obama is favored by university and tech employees (and one legal firm), while Romney is favored by Wall Street and big banks.
Those top five, though, only tell part of the story. How about the rest of the tech industry, and the rest of Wall Street and banks? There again, the pattern holds. OpenSecrets.org reports that overall the Communications/Electronics business sector has donated $10,930,344 to Obama and far less, $2,898,066, to Romney.
As for Wall Street, banks, and insurance companies, they heavily favor Romney, having donated $28,597,891 to him to date, compared to $12,179,522 for Obama.
Keep in mind that all these numbers only reflect the amount of money donated directly to the campaigns, and not to Super PACs, party organizations, or anyone else out to influence the election.
What do the donations to Obama and Romney say about the future of the economy? Obama is backed by those who feel that education and tech will lead the way towards a healthier economic future, and Romney by those who believe that it's best led by Wall Street, banks, and insurance companies. I'll let you decide for yourself which sectors -- Big Tech/Big Education or Big Money -- are most important for our economic health.
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