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Business Politics

The 1% want President Hillary Clinton

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Polls may still show a relatively competitive presidential race, but Hillary Clinton is winning a fundraising landslide among the country’s 1 percent.

Newly released campaign finance reports through the end of July show that upper-crust Republicans are not backing Donald Trump even though the majority of the party’s base supports the nominee. The result is a campaign without precedent in more than a century, with elites on both sides of the aisle and from nearly every sector of American industry overwhelmingly supporting Clinton.

Well-heeled GOPers may disagree with Clinton’s policies, but she appeals to people that benefit from the status quo, said Bob Biersack, a senior fellow at the Center for Responsive Politics. Her policy proposals are less drastic than Trump’s, and her long history in politics makes her more predictable.

“Many donors want to maintain their relationships with decision makers, and the more eccentric Trump’s campaign looks, the more problematic it looks, the more they will be driven towards Hillary,” said Biersack, who worked for three decades at the Federal Elections Commission (FEC). – READ MORE

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