Robert Donachie, DCNF
A GOP mega-donor and hedge fund billionaire is fed up with the president and Republicans’ inability to get things done despite having control of the Congress and the White House, so he’s giving his money to Democrats.
“The Republicans in Congress have failed to hold the president accountable and have abandoned their historic beliefs and values,” Seth Klarman, a Boston hedge fund billionaire, told The Boston Globe. “For the good of the country, the Democrats must take back one or both houses of Congress.”
Klarman showered more than $7 million on Republican candidates and groups while former President Barack Obama was in office, hoping the party would be able to take back the White House and Congress. The insurgence of President Donald Trump, along with congressional Republicans’ willingness to support him, have Klarman changing his tune.
The billionaire has shelled out nearly $222,000 since the 2016 presidential election to Democrats running for Congress. For example, Klarman gave failed Democratic candidate Jon Ossoff, whose race in Georgia garnered national attention, $2,700 in April 2017.
Klarman says he is using his returns from the $1.5 trillion GOP tax cut on Democratic candidates for the House and Senate in 2018.
“I received a tax cut I neither need nor want,” Klarman said. “I’m choosing to invest it to fight the administration’s flawed policies and to elect Democrats to the Senate and House of Representatives.”
He has cut checks to Senate Minority Leader Chuck Schumer and other top Democrats in the House and Senate.
Additionally, Klarman has donated roughly $2 million to left-leaning nonprofits organizations pushing gun control, environment protections and other initiatives.
Send tips to [email protected]
We know first-hand that censorship against conservative news is real. Please share stories and encourage your friends to sign up for our daily email blast so they are not getting shut out of seeing conservative news.
Latest posts by BPR Wire (see all)
- Trump to make UN Security Council meeting about bashing one country - September 24, 2018
- Fed-up Kavanaugh sends bold letter to Senators Feinstein and Grassley: ‘I will not be intimidated’ - September 24, 2018
- In charge after Rosenstein’s impending exit, Cruz-supported fmr. Scalia clerk who will oversee Mueller - September 24, 2018