Business bucks tilt toward Obama
President Barack Obama, who has been characterized as anti-business by his political opponents, has received more in campaign contributions from business executives this year than any Republican presidential candidate, Bloomberg reported.
Obama raised $5.6 million from executives, or about a third of all their donations through Sept. 30, according to data compiled by Bloomberg.
Republican candidate Mitt Romney raised $5.2 million, far outpacing his primary challengers. Former House Speaker Newt Gingrich, the front-runner in the latest national polls, raised about $272,000, or 5 percent of Romney’s total.
Executives from communications and technology firms led Obama’s donor list.
Romney’s professional ties to the private-equity fund Bain Capital LLC, which he founded, fueled his receipts.
The Bloomberg analysis examined contributions from about 9,000 donors through the end of September. The review counted individuals who identified themselves on federal campaign disclosure documents by titles such as chief executive officer, president, vice president, chairman and director.
Though executives have given more money to Obama, they make up a small percentage of his total donor base. Executives account for 6 percent of Obama’s total contributions and 16 percent of Romney’s, according to the analysis.
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