“I have found incredible success in raising money for Gov. Romney…We are raising the guy a fortune from people who are disaffected by what the president is doing”
— Hedge fund executive Anthony Scaramucci as quoted in the Los Angeles Times
Since President Obama’s scapegoating of the “rich”, many of his former Wall Street donors have become noticeably reticent in recent weeks.
The President’s team recently struggled to fill 100 seats for $10,000 a head at a recent fundraiser in Manhattan hosted by the Oracle of Omaha, Warren Buffett. This lack of donor interest is even more shocking given that “recent fundraisers in Hollywood and New York have gone for $35,800 a pop.”
Meanwhile, Mitt Romney seems to have had no problems raising money from Wall Street professionals, selling out a “breakfast fundraiser at the exclusive Essex House hotel [on] Tuesday.” In fact, Romney “raised $4.9 million before June 30 of this year, nearly twice what Obama” did, and Romney is only one of many Republican hopefuls, not even the party nominee. Goldman Sachs employees, who supported candidate Obama heavily in 2008, have donated six times as much money to Romney’s campaign as they have to Obama’s.
While demonizing the “rich” may please his proletarian footsoldiers, his recently lackluster fundraising results may have alienated his cash cows.