Oct 1, 2010

Report: Democrats find big donors cutting support

From a report at the link below:

Many wealthy Democratic patrons, who in the past have played major roles financing outside groups to help elect the party's candidates, are sitting out these crucial midterm elections.

Democratic donors like George Soros and fellow billionaire Peter Lewis, who each gave more than $20 million to Democratic-oriented groups in the 2004 election, appear to be holding back.

Without these mega donors, there is a huge disparity in spending between pro-Republican and pro-Democrat groups.

In the past week, Republican-leaning groups outspent their Democratic counterparts on TV by more than 7-1 on Senate races and nearly 4-1 on House races across the country, according to data from the Campaign Media Analysis Group, which tracks political advertising.

The gap shows few signs of abating, even with the midterm election season in full swing.

Link