Early this year, a prominent billionaire tried several times to organize a fundraiser for presidential candidate Pete Buttigieg, a moderate who gained favor among Wall Street Democrats.
FILE PHOTO: A combination picture shows democratic U.S. presidential nominee and former Vice President Joe Biden pausing while speaking about U.S. President Donald Trump's reported remarks about fallen U.S. military personnel, at a campaign event in Wilmington, Delaware, U.S., and U.S. President Donald Trump speaking during a news conference at the White House in Washington, U.S., September 4, 2020.
The financial industry has so far donated $83 million to the 2020 presidential campaigns of Republican President Donald Trump and Democratic candidate Joe Biden, according to Center for Responsive Politics data through July 31. In the 2016 election, 26% of Trump’s donations came from individuals contributing less than $200 while 19% of Clinton’s donations fit that profile, according to the Center for Responsive Politics.
The coronavirus pandemic has put a stop to that, while also gutting the economy and throwing millions of Americans out of work. “Biden doesn’t really like rich people and doesn’t see himself as a Wall Street person,” said Jeff Hauser, founder of Revolving Door Project, which scrutinizes executive branch appointments.
However, Trump portrays himself as a straight-talking, anti-elitist candidate and occasionally needles people like JPMorgan Chase & CoJust as candidates want to distance themselves from Wall Street, finance types do not want to attract attention with big public donations.
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