Skip to main content

Crowd of sign-waving Elizabeth Warren supporters.
Elizabeth Warren's big donors.
Upgrade the Senate bug
Elizabeth Warren had a massive fundraising quarter in the Massachusetts Senate race, taking in more than $12.1 million to Scott Brown's $7.45 million during the same period. Warren hauled in almost that much just in September alone. But the real story is in where their donations are coming from.
Warren's team has touted the grassroots support her campaign has received throughout the cycle, and in the third quarter, over 80 percent of the $12.1 million came from donations of $50 or less, and over half came from donations of $25 or less.
Brown's campaign hasn't released information about donation size for the quarter. But analysis from the previous quarters of fundraising, Warren swamps Brown when it comes to small donors. As of the end of June, Warren had received about 44 percent of her money from donations of less than $200, while Brown raised about 18 percent from smaller donors.

Here's the most telling part of the fundraising story, though.

On the eve of the release of the next round of fund-raising numbers, the analysis of filings to the Federal Elections Commission shows that, so far, employees of the Boston mutual fund giant Fidelity Investments are, together, Brown’s biggest source of support. They have given $264,675, according to the FEC data, which was compiled by the Center for Responsive Politics. After Fidelity are the employees of EMC Corp., the Hopkinton computer-storage company; Springfield’s Massachusetts Mutual Life Insurance Co.; and Goldman Sachs & Co. [...]

[...] Brown’s support from the financial industry—about $5.5 million, or 28 percent of the $19.5 million he has raised in total—also appears to reflect how much the sector does not want Warren in the Senate.

Goal Thermometer

Note that the employees of financial industry giants are not likely to be donating in the $200-and-less category. But they're donating where their interests lie, and that says an awful lot about Brown's interests.

Please donate $3 to Elizabeth Warren on ActBlue.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

  •  Tip Jar (16+ / 0-)

    "There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning." —Warren Buffett

    by Joan McCarter on Mon Oct 15, 2012 at 09:40:45 AM PDT

  •  For shame, you Wall Streeters (3+ / 0-)
    Recommended by:
    Gemina13, futilitismo, pademocrat

    you've really gotta do better than that!!

    (heh ehhehe hehe he ha ah)

  •  Sharp contrast. (1+ / 0-)
    Recommended by:

    We win on those.

  •  Just now I got an email from the Warren Campaign (5+ / 0-)

    saying that line of 82% of donations to Warren were for $50 or less

    Also that 57% of donations were $25 or less!

    So really she's getting support from the people.

    I of course want Obama and Warren to be elected. I also relish the side effect of the (temporary) defeat of what Citizens United tried to do to our democracy, overwhelmed by the efforts of people who care.

  •  outsider involvement (0+ / 0-)

    Unfortunately, it's not just Wall Street bankers who are getting involved in the Warren-Brown contest.  Many PACs and other organizations are flooding mailboxes with sleazy "information" about Warren, particularly on the Native American question.  My hope is that most of my fellow MA citizens will ignore these materials and see them for the noise they are.  But make no mistake: this race is expensive, has been nasty on Scott Brown's part and on the part of his supporters, and will get nastier yet.  Warren's messaging and ads have improved since the Democratic convention and I'm hopeful that she will be elected.  But big money and many wealthy coalitions and PACs are doing everything in their power to bring down the tenor of the discussion--with Brown's approval I'm sure--and to sway voters.

  •  I contributed (2+ / 0-)
    Recommended by:
    abs0628, cany

    Every time Brown or his surrogates made fun of Mrs. Warren's ethnicity I sent her campaign $25. At last count I had sent a total of $200.  I had to cap it when it reached $200, we try to spread what little we can contribute around.

    Don’t argue with idiots because they will drag you down to their level and then beat you with experience.—Greg King

    by Pinto Pony on Mon Oct 15, 2012 at 10:10:29 AM PDT

  •  I am one of those small donors (1+ / 0-)
    Recommended by:

    I am on a monthly donation plan with the Warren campaign and have been for many months (same with the Obama campaign). But I've tossed in extra donations here and there, as well. And I've volunteered.

    All of us together, doing our own small parts, make up a vibrant and ever expanding campaign. There's a lot of power in that!

    "The country we carry in our hearts is waiting." ~ Bruce Springsteen

    by abs0628 on Mon Oct 15, 2012 at 10:24:47 AM PDT

  •  Everytime her campaign does something good, I send (0+ / 0-)

    her $4.70 (now approaching $150).
    Elizabeth Warren at Act Blue
    I'm now starting to fund CA House races. We'll need the House to get anything done.

    Warren is neither a Clintonesque triangulator nor an Obamaesque conciliator. She is a throwback to a more combative progressive tradition, and her candidacy is a test of whether that approach can still appeal to voters.-J. Toobin

    by chuck utzman on Mon Oct 15, 2012 at 12:20:34 PM PDT

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site