WASHINGTON--Both the McCain and Obama campaign are focusing on the economic meltdown. John McCain just mocked Barack Obama for tapping former Fannie Mae chief Jim Johnson to lead his vice presidential search committee. McCain did not mention Johnson by name--or that he stepped down as a vetter early in the process after some controversies surfaced-- but the point was to associate Obama with the failed mortgage giant.
Then again, Obama has a commercial running claiming McCain's campaign is run by lobbyists that makes no reference McCain last spring ordered all is staff to cut their lobbying ties. Obama also has former federal lobbyists helping his campaign.
The Center for Responsive Politics takes a look at Wall Street donors to McCain and Obama as the country grapples with the financial crisis weeks before the presidential election.
How did Wall Street's largest firms also become some of the largest donors to John McCain and Barack Obama's presidential campaigns? Take a look at the candidates' rosters of bundlers on OpenSecrets.org, and it becomes clear.
McCain's list includes at least 69 individuals who, according to his campaign, have raised a total of at least $11.4 million for his campaign. That makes the struggling investment industry his top source of bundlers. (Bundlers are those wealthy individuals who hit up their coworkers, family and friends to raise hundreds of thousands of dollars, in addition to any contributions from their own pockets.) In the second spot is the real estate industry, where at least 55 individuals have delivered a total of $9.5 million or more to McCain. Overall, the finance, insurance and real estate sector has hauled in $30 million for the Republican candidate -- far more than any other sector.
Obama's list gives the appearance that he has not leaned so heavily on Wall Street, although since his campaign has ignored repeated requests from the Center for Responsive Politics and other watchdog groups to disclose his bundlers' employers and occupations, these figures are probably undercounts. The securities and investment industry is Obama's second-largest source of bundlers, after lawyers, and at least 56 individuals have raised at least $8.9 million for his campaign. The larger finance, insurance and real estate sector has produced $13.4 million for Obama, making it his most generous sector.