The Washington Examiner‘s Mark Tapscott points to reports that some big-money types who traditionally support liberals and Democrats are suddenly throwing their largesse to Republicans. But rather than this being evidence of a change of heart and politics by the money bags, he says it’s probably more a case of these high rollers hedging their bets as the prospect of a Republican rout becomes more certain.
Wall Street donations spiked big-time for the GOP, but then in April began declining and have continued declining every month since, even as contributions to Democrats were climbing back towards their former heights.
Could it be Wall Streeters used a brief but strong February surge in contributions to Republicans to hedge its heavy betting of the previous two years on the Democrats just in case the GOP gets back in power in November?
Among those traditional backers of liberals who has recently given a high-profile donation to a conservative cause is SAS’s Jim Goodnight. As noted in The News & Observer‘s Under the Dome, Goodnight was the major contributor to a Republican get-out-the-vote campaign dubbed North Carolina Victory. Goodnight gave almost $25,000 to the effort. That’s a heap o’ hedging.
