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US Midterms: Banks Cut Overall Donations, Boost Democrats' Share

  • #Politics
  • #Ukraine
story
OCT 2022
Image copyright: Reuters
story last updated OCT 2022

The Spin

Republican narrative

While rich, elitist politicians and "woke" bankers prioritize the Jan. 6 committee hearings and new diversity, equity, and inclusion agendas, they've blatantly neglected the issues that working-class Americans - of all backgrounds - actually care about, like inflation and a deteriorating public education system. Democrats are no longer the party of the working class and they'll face that reality in November.

Newsweek

Democratic narrative

The corporate world is rapidly shifting from its old form of white, conservative men toward a progressive model of social, financial, and environmental equity. Democrats are on the right side of history, so it's no surprise that banks are now choosing to support the forward-thinking party.

Bloombergtax

Cynical narrative

There's too much money flushed into American politics, especially during these midterms. It's dangerous when political consultants and PACs spend millions of dollars to boost their cynical Machiavellian interests - whether it's banks looking out for their industry or Democrats boosting "beatable" far-right candidates. This poisons the well Americans must drink from as a democracy.

Guardian

Metaculus Prediction


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