Three big labor unions will spend about $145 million to help Democrats this year, while EMILY’s List and MoveOn.org plan to spend about $75 million.

By: Timothy P. Carney at Washington Examiner

EXCERPTS:

Check the attendee lists of these fundraisers, and the DNC donor rolls, and it becomes tough to swallow the Democratic battle cry that the party is battling wealthy financiers and special interests.

Obama likes to pretend he’s running against greedy financial-industry millionaires, but look down the list of top donors in September, and you’ll see partners and managers of hedge funds and private equity firms like Grosvenor Capital Management, Saturn Asset Management, and Chicago’s Delaware Street Capital all giving the DNC the maximum. Other hedge-fund donors who give the max come from Bain Capital and the Tudor Investment Corporation.

Jim Rogers, CEO of Duke Energy, gave $30,400 to the DNC in April. Rogers has led his company’s lobbying effort for the same cap-and-trade climate-change legislation that Obama supports.

Democrats have outraised Republicans $664 million to $441 million — a 50 percent advantage — according to data at the Center for Responsive Politics.

And this election, outside groups are spending big to save the Democratic majority, too. Jon Ward at the Daily Caller reported that three big labor unions will spend about $145 million to help Democrats this year, while EMILY’s List and MoveOn.org plan to spend about $75 million.

FULL STORY

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