Fed up with Washington, wealthy boycott campaign fundraising
They might not be among the jobless protesting against Wall Street, but the rich are angry,,Nike shox shoes, too. Furious over U.S. government gridlock, the wealthy have their own form of protest: Refusing to make political contributions.Cheap moncler jackets
A number of financial advisers say their wealthy clients have told them they will not make political contributions this year, many for the first time ever.China nfl jerseys wholesale
Bessemer Trust CEO John Hilton says in his 42 years advising ultra high-net worth investors, he has never seen clients so frustrated with the state of affairs in Washington.
He said a number of the firm's clients - who have an average of $30 million in investable assets - say they believe a lack of leadership and political wrangling are the primary cause of recent market problems - and the declines in their portfolios. Because of that,,wholesale POLO Ralph Lauren SERIES, they say they're saying no to requests to make political contributions.
"People are pissed," said Alan Ungar, an adviser with Critical Capital Management Inc. in Calabasas, California. His clients have an average $1.6 million or more in assets invested with the firm. "This isn't about taxes," he said. "It's about the partisan dynamic."
Political contributions from wealthy donors are crucial for presidential campaigns, said Michael Beckel, spokesman for the Center for Responsive Politics, a research group that tracks donations and their impact on elections and policy in the U.S.
Thirty-one percent of all individual donations came from people who donated $2,000 or more during the 2008 presidential elections,Dolphins jerseys wholesale according to the Federal Election Commission. "We are definitely seeing a slower start in donors giving money than we did four years ago," Beckel said.
They might not be among the jobless protesting against Wall Street, but the rich are angry,,Nike shox shoes, too. Furious over U.S. government gridlock, the wealthy have their own form of protest: Refusing to make political contributions.Cheap moncler jackets
A number of financial advisers say their wealthy clients have told them they will not make political contributions this year, many for the first time ever.China nfl jerseys wholesale
Bessemer Trust CEO John Hilton says in his 42 years advising ultra high-net worth investors, he has never seen clients so frustrated with the state of affairs in Washington.
He said a number of the firm's clients - who have an average of $30 million in investable assets - say they believe a lack of leadership and political wrangling are the primary cause of recent market problems - and the declines in their portfolios. Because of that,,wholesale POLO Ralph Lauren SERIES, they say they're saying no to requests to make political contributions.
"People are pissed," said Alan Ungar, an adviser with Critical Capital Management Inc. in Calabasas, California. His clients have an average $1.6 million or more in assets invested with the firm. "This isn't about taxes," he said. "It's about the partisan dynamic."
Political contributions from wealthy donors are crucial for presidential campaigns, said Michael Beckel, spokesman for the Center for Responsive Politics, a research group that tracks donations and their impact on elections and policy in the U.S.
Thirty-one percent of all individual donations came from people who donated $2,000 or more during the 2008 presidential elections,Dolphins jerseys wholesale according to the Federal Election Commission. "We are definitely seeing a slower start in donors giving money than we did four years ago," Beckel said.
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